Transitory and permanent shocks in the global market for crude oil

B-Tier
Journal: Journal of Applied Econometrics
Year: 2021
Volume: 36
Issue: 7
Pages: 1047-1064

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:wly:japmet:v:36:y:2021:i:7:p:1047-1064
Journal Field
Econometrics
Author Count
2
Added to Database
2026-01-29