The world is experiencing "the first truly global energy crisis," International Energy Agency Executive Director Fatih Birol said on the release day of the new episode of the "Economics out Loud" podcast with NES Visiting Professor Alexander Malanichev. By coincidence, he talked about the current energy crisis. There are many…
There is a saying that economists are trying to predict oil price movements so that meteorologists do not feel ashamed of their work. However, there is a grain of truth in this joke. NES visiting professor Alexander Malanichev who has been studying commodity prices for 30 years, talks about forecasting methods, accuracy of forecasts and ways to improve it. Spoiler: the most important thing is to consider fundamental factors and to listen to the…