Evidences for a structural change in the oil market before a financial crisis: The flat horizon effect

2017 ◽  
Vol 42 ◽  
pp. 912-921 ◽  
Author(s):  
Riccardo Chiarucci ◽  
Maria I. Loffredo ◽  
Franco Ruzzenenti
Keyword(s):  
Structural Change ◽  
Financial Crisis ◽  
Oil Market ◽  
Horizon Effect

Structural change in the oil market

Energy Policy ◽  
1984 ◽  
Vol 12 (1) ◽  
pp. 3-4 ◽  
Author(s):  
Herman Franssen
Keyword(s):  
Structural Change ◽  
Oil Market

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

2021 ◽  
Vol 14 (8) ◽  
pp. 391
Author(s):  
Anastasios G. Malliaris ◽  
Mary Malliaris
Keyword(s):  
Neural Network ◽  
Neural Networks ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Supply And Demand ◽  
Oil Prices ◽  
Main Hypothesis ◽  
Oil Market ◽  
The Global Financial Crisis ◽  
The Impact

The global financial crisis of 2007–2009 caused major economic disturbances in the oil market. In this paper, we consider five variables that describe the microeconomics of the supply of and demand for oil, and evaluate their importance before, during and after the global financial crisis. We consider five dissimilar regimes during the period of January 1986 to the end of 2020: two regimes prior to the global financial crisis, the regime during the crisis, and two regimes after the crisis. The main hypothesis tested is that oil fundamentals of supply and demand remained important, even though the five regimes were dissimilar. We built five boosted and over-fitted neural networks to capture the exact relationships between spot oil prices and oil data related to these prices. This analysis shows that, while the inputs into an accurate neural network can remain the same, the impact of each variable can change considerably during different regimes.

Sign in / Sign up

Export Citation Format

Share Document