原油价格与成品油价格关系的证据综述

EnergyRN: Other Petroleum (Sub-Topic) Pub Date : 2018-09-12 DOI:10.2139/ssrn.3249045

Louis H. Ederington, Chitru S. Fernando, S. Hoelscher, Thomas K Lee, S. Linn

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引用次数: 40

摘要

我们回顾了大量关注石油产品价格与石油价格之间关系的实证文献，并讨论了原油价格与石油产品价格之间因果关系方向的证据。此外，我们调查了有关石油产品价格对油价上涨和下跌的反应是否不同这一备受争议的问题的文献，培根(1991)将其称为“火箭和羽毛”现象。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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A Review of the Evidence on the Relation Between Crude Oil Prices and Petroleum Product Prices

We review a large body of the empirical literature focusing on the relation between petroleum product prices and oil prices and discuss the evidence on the direction of causality between crude oil prices and petroleum product prices. In addition, we survey the literature on the much-debated question of whether petroleum product prices respond differently to increases versus decreases in oil prices, which Bacon (1991) labeled the “rockets and feathers” phenomenon.

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EnergyRN: Other Petroleum (Sub-Topic)

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