Investor Sentiment and Oil Prices in the United States - Evidence From a Time-Varying Causality Test

Selçuk Akçay ()
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Selçuk Akçay: Department of Economics, Afyon Kocatepe University, Turkey
Authors registered in the RePEc Author Service: Selçuk Akçay

Energy RESEARCH LETTERS, 2022, vol. 3, issue 2, 1-7

Abstract: The question of the direction of causality between investor sentiment and oil prices remains moot in the literature. Using a recently developed time-varying causality test and monthly data, this study examines the causal relation between investor sentiment and oil prices in the United States. We find bidirectional causality between investor sentiment and oil prices over different time episodes.

Keywords: Investor sentiment; Oil prices; Time-varying causality (search for similar items in EconPapers)
JEL-codes: C32 G41 Q43 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ayb:jrnerl:55

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