Econometric and statistical methods - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T16:01:51+00:00Time-Varying Effects of Oil Supply Shocks on the U.S. Economy
https://www.bankofcanada.ca/2012/01/working-paper-2012-2/
We use vector autoregressions with drifting coefficients and stochastic volatility to investigate how the dynamic effects of oil supply shocks on the U.S. economy have changed over time. We find a substantial decline in the short-run price elasticity of oil demand since the mid-eighties.2012-01-25T13:39:27+00:00enTime-Varying Effects of Oil Supply Shocks on the U.S. Economy2012-01-25Econometric and statistical methodsInternational topicsWorking Paper 2012-2https://www.bankofcanada.ca/wp-content/uploads/2012/01/wp2012-02.pdfTime-Varying Effects of Oil Supply Shocks on the U.S. EconomyChristiane BaumeisterGert PeersmanJanuary 2012EE3E31E32QQ4Q43Real-Time Analysis of Oil Price Risks Using Forecast Scenarios
https://www.bankofcanada.ca/2012/01/working-paper-2012-1/
Recently, there has been increased interest in real-time forecasts of the real price of crude oil. Standard oil price forecasts based on reduced-form regressions or based on oil futures prices do not allow consumers of forecasts to explore how much the forecast would change relative to the baseline forecast under alternative scenarios about future oil demand and oil supply conditions.2012-01-25T13:30:59+00:00enReal-Time Analysis of Oil Price Risks Using Forecast Scenarios2012-01-25Econometric and statistical methodsInternational topicsWorking Paper 2012-1https://www.bankofcanada.ca/wp-content/uploads/2012/01/wp2012-1.pdfReal-Time Analysis of Oil Price Risks Using Forecast ScenariosChristiane BaumeisterLutz KilianJanuary 2012CC5C53EE3E32QQ4Q43