Browsing Arbeidsnotater / Working Papers by Subject "demand and supply shocks"
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What Drives Oil Prices? Emerging Versus Developed Economies
(Working Papers;11/2012, Working paper, 2012)We analyze the importance of demand from emerging and developed economies as drivers of the real price of oil over the last two decades. Using a factor-augmented vector autoregressive (FAVAR) model that allows us to ...