Oil-price shocks and retail energy prices in Canada
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Oil-price shocks and retail energy prices in Canada

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Published by Bank of Canada in Ottawa, Ont .
Written in English

Subjects:

  • Power resources -- Prices -- Canada -- Forecasting -- Econometric models.,
  • Petroleum products -- Prices -- Economic aspects -- Canada.

Book details:

Edition Notes

Statementby Marwan Chacra.
SeriesWorking paper (Bank of Canada) -- 2002-38
ContributionsBank of Canada.
The Physical Object
Paginationv, 32 p. :
Number of Pages32
ID Numbers
Open LibraryOL20787683M

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The effects of global energy-price shocks on retail energy prices in Canada are examined. More specifically, the author looks at the response of the consumer price indexes for gasoline, heating oil, natural gas, and electricity in Canada to movements in world crude oil prices. Using an errorcorrection framework, a quarterly forecasting model is estimated for most of these price by: 9. Oil-Price Shocks and Retail Energy Prices in Canada () Cached. Download Links [] {Oil-Price Shocks and Retail Energy Prices in Canada}, year = {}} Share. OpenURL. Abstract. The views expressed in this paper are those of the author. No responsibility for them should be attributed to the Bank of Canada. iii. Oil-Price Shocks and Retail Energy Prices in Canada. By Marwan Chacra. Abstract. Econometric and Statistical Methods; Inflation and Prices; Market Structure and Pricing OAI identifier: Provided by: Research Papers in Economics. Download PDF: Author: Marwan Chacra. The effects of global energy-price shocks on retail energy prices in Canada are examined. More specifically, the author looks at the response of the consumer price indexes for gasoline, heating oil, natural gas, and electricity in Canada to movements in world crude oil prices.

prices are considered to be an important indicator of the strength of global demand, with oil price movements thus believed to re ect the variability of the global business cycle. Chart 4 compares the growth per capita in the US and Canada during this period. Both countries were coming out of the recession with strong growth ; the US recorded real growth of % and Canada, %, in The oil price shock hit both countries, although Canada was hit harder in when growth dropped to just %. Key Oil Price Series Import price matters for standard theories of transmission of oil price shocks and is best proxy for global price of oil. — Kilian (): Refiners’ acquisition cost (imports) Retail energy price matters for theories of relative price shocks. — Hamilton (): Crude oil PPI Retail gasoline price. The two oil price shocks of the s have been blamed for the stagflation (which is a situation of high unemployment and high inflation) that the U.S had experienced in the s (Kilian,

  Abstract. Oil price shocks have been a recurring phenomenon since the s. This article reviews alternative explanations of oil price shocks. It puts the evolution of the US price of crude oil into historical perspective and compares it with that of the price of coal and natural gas. Historical Oil Shocks James D. Hamilton. NBER Working Paper No. Issued in February NBER Program(s):Environment and Energy Economics, Economic Fluctuations and Growth This paper surveys the history of the oil industry with a particular focus on the events associated with significant changes in the price of oil. 1 August – Oil Price Shocks: A Measure of the Exogenous and Endogenous Supply Shocks of Crude Oil 1. Introduction The crude oil price path has evolved vis-à-vis the structural changes of the oil market: (1) from the integrated and regulated market that prevailed until ; (2) to the transitional period in the aftermath.   Mr. Thummel projected that oil prices in the United States would settle between $60 and $70 a barrel, which would lead to a roughly cent increase in the retail price of gasoline.