| 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 |