The drivers of oil prices : the usefulness and limitations of non-structural model, the demand-supply framework and informal approaches
We discuss three main approaches for analysing oil prices: non-structural models, the supply–demand framework and the informal approach. Each of these approaches emphasizes a certain set of drivers of oil prices. While non-structural models rely on the theory of exhaustible resources as the basis fo...
| Main Author: | |
|---|---|
| Format: | Working paper |
| Language: | English |
| Published: |
2007
|