01641cas a2200253 a 4500 AALejournalIMF016206 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513528601 1018-5941 BD-DhAAL BD-DhAAL Rebei, Nooman. Transitory and Permanent Shocks in the Global Market for Crude Oil / Nooman Rebei, Rashid Sbia. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 evidence of significant differences in the propagation mechanisms of transitory versus permanent shocks, pointing to the importance of disentangling their distinct effects. Permanent supply disruptions turn out to be a bigger factor in historical oil price movements during the most recent decades, while speculative shocks became less influential. Mode of access: Internet Sbia, Rashid. IMF Working Papers; Working Paper ; No. 2020/047 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/047/001.2020.issue-047-en.xml IMF e-Library