We investigate the co-movements of fuel prices among France, Germany and Italy, using weekly data from January 3, 2005 to November 9, 2020 and making use of a time-frequency framework. Our wavelet coherence analysis indicates strong co-movements at…
The extant literature mainly utilized the wavelet tools and EMD-type methods to investigate linkages between different markets based on the frequency-domain information, confronting the difficulties of the wavelet basis selections and scale aliasing…