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)
Pages: 6 pages
Date: 1997
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Citations: View citations in EconPapers (1)

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Related works:
Chapter: The Cyclical Behavior of Monthly NYMEX Energy Prices (2007)
Journal Article: The cyclical behavior of monthly NYMEX energy prices (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:calgar:9703

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