Oil Prices and the Global Economy

Oil Prices and the Global Economy
Author :
Publisher : International Monetary Fund
Total Pages : 30
Release :
ISBN-10 : 9781475572360
ISBN-13 : 1475572360
Rating : 4/5 (360 Downloads)

Book Synopsis Oil Prices and the Global Economy by : Mr.Rabah Arezki

Download or read book Oil Prices and the Global Economy written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2017-01-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Oil Prices and the Global Economy Related Books

Oil Prices and the Global Economy
Language: en
Pages: 30
Authors: Mr.Rabah Arezki
Categories: Business & Economics
Type: BOOK - Published: 2017-01-27 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration
Global Implications of Lower Oil Prices
Language: en
Pages: 41
Authors: Mr.Aasim M. Husain
Categories: Business & Economics
Type: BOOK - Published: 2015-07-14 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

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 s
The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Language: en
Pages: 34
Authors: Mr. Kangni R Kpodar
Categories: Business & Economics
Type: BOOK - Published: 2021-11-12 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer
The Economics of Oil
Language: en
Pages: 121
Authors: S.W. Carmalt
Categories: Business & Economics
Type: BOOK - Published: 2016-12-26 - Publisher: Springer

DOWNLOAD EBOOK

This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades. The predic
International Dimensions of Monetary Policy
Language: en
Pages: 663
Authors: Jordi GalĂ­
Categories: Business & Economics
Type: BOOK - Published: 2010-03-15 - Publisher: University of Chicago Press

DOWNLOAD EBOOK

United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous sho