Series: IMF Working Papers
Author(s): Nooman Rebei , and Rashid Sbia
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 February 2020
Keywords: Oil prices, Supply and demand, Oil production, Purchasing power parity, Real sector, Oil market, Vector autoregressions, Narrative analysis, Bayesian estimation, Kalman filtering
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 evide...