It takes the average reader and 18 minutes to read Granger Predictability of Oil Prices After the Great Recession by Szilard Benk
Assuming a reading speed of 250 words per minute. Learn more
Real oil prices surged from 2009 through 2014, comparable to the 1970’s oil shock period. Standard explanations based on monopoly markup fall short since inflation remained low after 2009. This paper contributes strong evidence of Granger (1969) predictability of nominal factors to oil prices, using one adjustment to monetary aggregates. This adjustment is the subtraction from the monetary aggregates of the 2008-2009 Federal Reserve borrowing of reserves from other Central Banks (Swaps), made after US reserves turned negative. This adjustment is key in that Granger predictability from standard monetary aggregates is found only with the Swaps subtracted.
Granger Predictability of Oil Prices After the Great Recession by Szilard Benk is 18 pages long, and a total of 4,644 words.
This makes it 6% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 25 minutes to read Granger Predictability of Oil Prices After the Great Recession aloud.
Granger Predictability of Oil Prices After the Great Recession is suitable for students ages 6 and up.
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