It is widely understood that the real price of globally traded commodities is determined by the forces of demand and … supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with …

It is widely understood that the real price of globally traded commodities is determined by the forces of demand and … supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with …

This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … elasticities and of incorporating this information into structural VAR models. I not only summarize the state of the literature … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …