Supply and demand driven oil price changes and their non-linear impact on precious metal returns: A Markov regime switching approach
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DOI: 10.1016/j.eneco.2018.05.024
Abstract: This paper examines the nonlinear effect of oil price shocks on precious metal returns using Markov regime switching regression. We use Ready's (2018) approach to decompose oil price changes into supply, demand, and risk driven… read more here.
Keywords: oil price; precious metal; metal returns; supply demand ... See more keywords