The Cyclical Behavior of Monthly NYMEX Energy Prices

Apostolos Serletis () and T Demp

Working Papers from Calgary - Department of Economics

Abstract: This paper systematically investigates the basic stylized facts of energy price movements using monthly data for the period that energy has been traded on organized exchanges and the methodology suggested by Kydland and Prescott (1990). The results indicate that energy prices are in general procyclical, in contrast to the accepted fact that energy prices are countercyclical and leading the cycle.

Keywords: BUSINESS; CYCLES (search for similar items in EconPapers)
JEL-codes: E32 (search for similar items in EconPapers)
Date: 1997
View citations in EconPapers

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: The cyclical behavior of monthly NYMEX energy prices (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fth:calgar:9703

Access Statistics for this paper

More papers in Working Papers from Calgary - Department of Economics
Address: THE UNIVERSITY OF CALGARY, DEPARTMENT OF ECONOMICS, 2500 UNIVERSITY DRIVE N.W. CALGARY ALBERTA CANADA T2N 1N4.
Contact information at EDIRC.
Series data maintained by Thomas Krichel ().