00000nam 2200000zi 4500 9.874707 CaOODSP 20250821075116 m o d f cr ||||||||||| 190611t20192019oncd ob f000 0 eng d CaOODSP eng rda CaOODSP eng fre n-cn--- FB3-7/2019-17E-PDF Ellwanger, Reinhard, author. A structural model of the global oil market / by Reinhard Ellwanger. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2019. ©2019 1 online resource (ii, 10 unnumbered pages) : graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical note = Note analytique du personnel, 2369-9639 ; 2019-17 Title from cover. Includes bibliographical references. "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. Includes abstract in French. gccst Economic analysis gccst Petroleum industry gccst Models Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2019-17. (CaOODSP)9.807323 PDF 639 KB https://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-7-2019-17-eng.pdf