Oil market VAR models have become the standard tool for understanding the evolution of the real price of oil and its … mainstream economists to understand the differences between alternative oil market models, let alone the basis for the sometimes … is on the econometric foundations of the analysis of oil market models with special attention to the identifying …

This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …