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008190611t20192019oncd    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-7/2019-17E-PDF
1001 |aEllwanger, Reinhard, |eauthor.
24512|aA structural model of the global oil market / |cby Reinhard Ellwanger.
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2019.
264 4|c©2019
300 |a1 online resource (ii, 10 unnumbered pages) : |bgraphs.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff analytical note = Note analytique du personnel, |x2369-9639 ; |v2019-17
500 |aTitle from cover.
504 |aIncludes bibliographical references.
5203 |a"This note presents a structural vector autoregressive (SVAR) model of the global oil market. The model identifies four types of shocks with different economic interpretations: oil supply shocks, oil-market-specific demand shocks, storage demand shocks and shocks to global economic growth. The historical decomposition of oil price fluctuations suggests that oil supply shocks were the dominant force during the 2014–15 oil price decline. Several examples illustrate the model’s usefulness for conditional forecasts of oil market variables under different scenarios for global GDP growth and oil consumption"--Abstract, page ii.
546 |aIncludes abstract in French.
69207|2gccst|aEconomic analysis
69207|2gccst|aPetroleum industry
69207|2gccst|aModels
7102 |aBank of Canada.
830#0|aStaff analytical note,|x2369-9639 ; |v2019-17.|w(CaOODSP)9.807323
85640|qPDF|s639 KB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-7-2019-17-eng.pdf