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• W3036362982 abstract "The effect of the COVID-19 crisis on crude oil prices is investigated by using long memory techniques. The oil price series is highly persistent with an order of integration of 0.84, displaying mean reversion. When we examine data before the onset of COVID-19, the first order integration hypothesis cannot be rejected. The results are consistent with evidence of market efficiency prior to the crisis, with the oil market becoming inefficient when incorporating the data covering the crisis. The evidence that oil price series is mean reverting implies that the shock will be transitory albeit with very long-lasting effects." @default.
• W3036362982 created "2020-06-25" @default.
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• W3036362982 date "2020-06-06" @default.
• W3036362982 modified "2023-10-18" @default.
• W3036362982 title "Crude Oil Prices and COVID-19: Persistence of the Shock" @default.
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• W3036362982 doi "https://doi.org/10.46557/001c.13200" @default.
• W3036362982 hasPublicationYear "2020" @default.
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