A simultaneous equations model for world crude oil and natural gas markets /
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| Author / Creator: | Krichene, Noureddine, author. |
|---|---|
| Imprint: | Washington, D.C. : International Monetary Fund, ©2005. |
| Description: | 1 online resource (24 pages) : illustrations |
| Language: | English |
| Series: | IMF working paper, 2227-8885 ; WP/05/32 IMF working paper ; WP/05/32. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497505 |
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| 050 | 4 | |a HG3881.5.I58 |b W67 no.05/32 | |
| 100 | 1 | |a Krichene, Noureddine, |e author. |0 http://id.loc.gov/authorities/names/n87124037 | |
| 245 | 1 | 2 | |a A simultaneous equations model for world crude oil and natural gas markets / |c prepared by Noureddine Krichene. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c ©2005. | ||
| 300 | |a 1 online resource (24 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/05/32 | |
| 504 | |a Includes bibliographical references (pages 23-24). | ||
| 520 | |a A model for world crude oil and natural gas markets is estimated. It confirms low price and high income elasticities of demand for both crude oil and natural gas, which explains the market power of oil producers and price volatility following shocks. The paper establishes a relationship between oil prices, changes in the nominal effective exchange rate (NEER) of the U.S. dollar, and the U.S. interest rates, thereby identifying demand shocks arising from monetary policy. Both interest rates and the NEER are shown to influence crude prices inversely. The results imply that crude oil prices should be included in the policy rule equation of an inflation targeting model. | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. BASIC DATA -- III. A SIMULTANEOUS EQUATIONS MODEL (SEM) FOR DEMAND AND SUPPLY: SPECIFICATION AND IDENTIFICATION -- IV. ESTIMATION OF THE SEM FOR CRUDE OIL AND NATURAL GAS -- V. RELATION BETWEEN OIL PRICES, INTEREST RATES, AND THE U.S. DOLLAR NEER -- VI. EXTENSION AND SOLUTION OF THE SEM -- VII. CONCLUSIONS -- Appendix. Data sources -- REFERENCES | |
| 546 | |a English. | ||
| 650 | 0 | |a Petroleum products |x Prices |x Econometric models. | |
| 650 | 0 | |a Natural gas |x Prices |x Econometric models. | |
| 650 | 0 | |a Interest rates |x Econometric models. | |
| 650 | 0 | |a Foreign exchange rates |x Econometric models. | |
| 650 | 6 | |a Produits pétroliers |x Prix |x Modèles économétriques. | |
| 650 | 6 | |a Gaz naturel |x Prix |x Modèles économétriques. | |
| 650 | 6 | |a Taux d'intérêt |x Modèles économétriques. | |
| 650 | 6 | |a Taux de change |x Modèles économétriques. | |
| 650 | 7 | |a Foreign exchange rates |x Econometric models. |2 fast |0 (OCoLC)fst00931818 | |
| 650 | 7 | |a Interest rates |x Econometric models. |2 fast |0 (OCoLC)fst00976180 | |
| 650 | 7 | |a Petroleum products |x Prices |x Econometric models. |2 fast |0 (OCoLC)fst01059748 | |
| 655 | 4 | |a Electronic books. | |
| 655 | 0 | |a Electronic books. | |
| 710 | 2 | |a International Monetary Fund. |b African Department, |e issuing body. | |
| 776 | 0 | 8 | |i Print version: |a Krichene, Noureddine. |t Simultaneous equations model for world crude oil and natural gas markets. |d Washington, D.C. : International Monetary Fund, ©2005 |w (OCoLC)58055745 |
| 830 | 0 | |a IMF working paper ; |v WP/05/32. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2005/032/001.2005.issue-032-en.xml |y INTERNATIONAL MONETARY FUND |
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