An application of models of speculative behaviour to oil prices

作者：Shi Shuping^*; Arora Vipin

来源：Economics Letters, 2012, 115(3): 469-472.

DOI：10.1016/j.econlet.2011.12.126

• Oil price
• Bubble
• Speculative behaviour
• Three-regime
• Estimation

We estimate three different models of speculative behaviour using oil price data. Our findings provide support for the claim by Phillips and Yu (2011) and Gilbert (2010) that a bubble in oil prices existed for a short period in 2008.

• 出版日期2012-6