The oil trading markets, 2003-10: analysis of market behaviour and possible policy responses
研究2003至2010年石油交易市场价格变动，分析影响因素，区分不同价格波动类型，指出中期价格趋势对经济影响最大，并讨论公共政策应对，认为仅靠金融市场操作无法解决根本问题。
In this working paper, Adair Turner et al. consider price movements in the oil trading markets between 2003 and 2010, and provide an analysis of factors which potentially explain the significant trends in this period. The authors also discuss the impact of different forms of oil price volatility and propose the type that matters most from an economic standpoint is medium-term price trends. The authors then discuss possible public policy actions that could be employed to prevent or mitigate such trends, with the paper concluding that proposals solely related to the operation of the financial markets will not address the fundamental drivers of instability. The final version of this working paper was published in, Oxford Review of Economic Policy, Volume 27, Issue 1.