Transitory and permanent shocks in the global market for crude oil
Nooman Rebei and
Rashid Sbia
Journal of Applied Econometrics, 2021, vol. 36, issue 7, 1047-1064
Abstract:
This paper documents the determinants of real oil price in the global market based on an empirical model embedding transitory and permanent shocks. We find evidence of significant differences in the propagation mechanisms of transitory versus permanent disturbances, pointing to the importance of disentangling their distinct effects. Permanent supply shocks are found to be very influential in driving oil price fluctuations.
Date: 2021
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https://doi.org/10.1002/jae.2863
Related works:
Working Paper: Transitory and permanent shocks in the global market for crude oil (2021)
Working Paper: Transitory and Permanent Shocks in the Global Market for Crude Oil (2020) 
Working Paper: Transitory and Permanent Shocks in the Global Market for Crude Oil (2019) 
Working Paper: Transitory and Permanent Shocks in the Global Market for Crude Oil (2019) 
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Persistent link: https://EconPapers.repec.org/RePEc:wly:japmet:v:36:y:2021:i:7:p:1047-1064
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