What Microeconomic Fundamentals Drove Global Oil Prices during 1986–2020?

Global oil prices, macroeconomic fundamentals and China's commodity sector comovements

This paper investigates the common movements of commodity sectors in China as well as the economic underpinnings of the comovements. We employ a Bayesian dynamic latent factor model to disentangle the common and idiosyncratic sector-specific factors of the prices of a group of China's commodity sectors: petrochemicals, grains, energy, non-ferrous metals, oils & fats, and softs. The results indi...

House Prices and Fundamentals:

This paper examines the long run relation between prices and rents for houses in Amsterdam from 1650 through 2005. We first demonstrate that these series are cointegrated, a necessary condition for studying movements of the rent-price ratio. We then estimate the deviation of house prices from fundamentals and find that these deviations can be persistent and long-lasting. Lastly, we look at the ...

What drove the evolution of endothermy?

The metabolic production of heat and high, stable body temperatures characteristic of birds and mammals was a major step in the evolution of vertebrate animals; however, the 1979 paper by Albert Bennett and John Ruben (Bennett and Ruben, 1979) represented a fundamental shift in thinking about the problem of the evolution of endothermy. They argued that endothermy based on thermoregulatory consi...

Oil prices and the global economy: A general equilibrium analysis

a r t i c l e i n f o A global computable general equilibrium model is used to analyze the economic impacts of rising oil prices with endogenously determined availability of biofuels to mitigate those impacts. The negative effects on the global economy are comparable to those found in other studies, but the impacts are unevenly distributed across countries/regions or sectors. The agricultural s...

What Drove 19 Century Market Integration?