Global Implications of Lower Oil Prices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Implications of Lower Oil Prices write by Mr.Aasim M. Husain. This book was released on 2015-07-14. Global Implications of Lower Oil Prices available in PDF, EPUB and Kindle. The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.
Global Implications of Lower Oil Prices
Global Implications of Lower Oil Prices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Implications of Lower Oil Prices write by . This book was released on 2015. Global Implications of Lower Oil Prices available in PDF, EPUB and Kindle. "The sharp drop in oil prices is one of the most important global economic developments over the past year. The Staff Discussion Notes (SDN) finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position."--Abstract.
Oil Prices and the Global Economy
Oil Prices and the Global Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Oil Prices and the Global Economy write by Mr.Rabah Arezki. This book was released on 2017-01-27. Oil Prices and the Global Economy available in PDF, EPUB and Kindle. This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.
The U.S. Oil Supply Revolution and the Global Economy
The U.S. Oil Supply Revolution and the Global Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The U.S. Oil Supply Revolution and the Global Economy write by Mr.Kamiar Mohaddes. This book was released on 2015-12-10. The U.S. Oil Supply Revolution and the Global Economy available in PDF, EPUB and Kindle. This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Set-identification of the U.S. oil supply shock is achieved through imposing dynamic sign restrictions on the impulse responses of the model. The results show that there are considerable heterogeneities in the responses of different countries to a U.S. supply-driven oil price shock, with real GDP increasing in both advanced and emerging market oil-importing economies, output declining in commodity exporters, inflation falling in most countries, and equity prices rising worldwide. Overall, our results suggest that following the U.S. oil revolution, with oil prices falling by 51 percent in the first year, global growth increases by 0.16 to 0.37 percentage points. This is mainly due to an increase in spending by oil importing countries, which exceeds the decline in expenditure by oil exporters.
The Impact of Rising Oil Prices on the World Economy
The Impact of Rising Oil Prices on the World Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Impact of Rising Oil Prices on the World Economy write by Lars Matthiessen. This book was released on 1982-06-18. The Impact of Rising Oil Prices on the World Economy available in PDF, EPUB and Kindle.
