Q43 - Energy and the Macroeconomy - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T12:14:29+00:00The Role of Time-Varying Price Elasticities in Accounting for Volatility Changes in the Crude Oil Market
https://www.bankofcanada.ca/2011/11/working-paper-2011-28/
There has been a systematic increase in the volatility of the real price of crude oil since 1986, followed by a decline in the volatility of oil production since the early 1990s. We explore reasons for this evolution. We show that a likely explanation of this empirical fact is that both the short-run price elasticities of oil demand and of oil supply have declined considerably since the second half of the 1980s.2011-11-29T14:06:17+00:00enThe Role of Time-Varying Price Elasticities in Accounting for Volatility Changes in the Crude Oil Market2011-11-29Econometric and statistical methodsInternational topicsWorking Paper 2011-28https://www.bankofcanada.ca/wp-content/uploads/2011/11/wp2011-28.pdfThe Role of Time-Varying Price Elasticities in Accounting for Volatility Changes in the Crude Oil MarketChristiane BaumeisterGert PeersmanNovember 2011EE3E31E32QQ4Q43Real-Time Forecasts of the Real Price of Oil
https://www.bankofcanada.ca/2011/08/working-paper-2011-16/
We construct a monthly real-time data set consisting of vintages for 1991.1-2010.12 that is suitable for generating forecasts of the real price of oil from a variety of models.2011-08-04T09:26:17+00:00enReal-Time Forecasts of the Real Price of Oil2011-08-04Econometric and statistical methodsInternational topicsWorking Paper 2011-16https://www.bankofcanada.ca/wp-content/uploads/2011/08/wp2011-16.pdfReal-Time Forecasts of the Real Price of OilChristiane BaumeisterLutz KilianAugust 2011CC5C53EE3E32QQ4Q43Forecasting the Price of Oil
https://www.bankofcanada.ca/2011/06/working-paper-2011-15/
We address some of the key questions that arise in forecasting the price of crude oil. What do applied forecasters need to know about the choice of sample period and about the tradeoffs between alternative oil price series and model specifications?2011-06-02T08:50:50+00:00enForecasting the Price of Oil2011-06-02Econometric and statistical methodsInternational topicsWorking Paper 2011-15https://www.bankofcanada.ca/wp-content/uploads/2011/06/wp2011-15.pdfForecasting the Price of OilRon AlquistLutz KilianRobert VigfussonJune 2011CC5C53QQ4Q43Q47