Will Natural Gas Prices Decouple From Oil Prices Across the Pond? »
Journal Issue
Volume/Issue: 2011/143
Series: IMF Working Papers
Author(s): Reinout De Bock , and Jose Gijon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2011
DOI: http://dx.doi.org/10.5089/9781455266449.001
ISBN: 9781455266449
Keywords: Gas exporters, Energy economics, Vector autoregressions, gas prices, oil prices, gas exports, gas price, Multiple or Simultaneous Equation Models: Time-Series Models, International Finance Forecasting and Simulation, Open Economy Macroeconomics
We show that US natural gas prices have decoupled from oil prices following substantial institutional and technological changes. We then examine how this interrelationship has evolved in Europe using data for Alger...