Title Transitory and permanent shocks in the global market for crude oil [electronic resource] / by Nooman Rebei and Rashid Sbia.
Imprint [Washington, D.C.] : International Monetary Fund, 2020.©2020
Author Rebei, Nooman. author.
Sbia, Rashid. author.
International Monetary Fund . issuing body.
Date 01-01-2020
Physical description 1 online resource (41 pages).
text
online resource
Series IMF working paper ; no. 20/47
IMF working paper ; no. 20/47.
Item WEB (Copy 1) INTRANET 1255493-1001 ONLINE
URL Available from internal network: http://err.parl.net/client/en_GB/search/asset/80389/0
Major subject Oil and gas
Minor subject Economic models
Overseas item
Statistics
Notes "February 2020"
Includes bibliographical references.
ISBN 9781513528601
Abstract This paper documents the determinants of real oil price in the global market based on SVAR model embedding transitory and permanent shocks on oil demand and supply as well as speculative disturbances. We find evidence of significant differences in the propagation mechanisms of transitory versus permanent shocks, pointing to the importance of disentangling their distinct effects. Permanent supply disruptions turn out to be a bigger factor in historical oil price movements during the most recent decades, while speculative shocks became less influential.
LCN 1255493
Item ID 1255493-1001
Database Library Catalogue