Energy Policy Implications (economic and Budgetary) of the Middle East Oil Crisis PDF Download
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Author: United States. Congress. House. Committee on the Budget. Task Force on Community Development and Natural Resources
Publisher:
ISBN:
Category : Energy consumption
Languages : en
Pages : 184
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Book Description
Author: United States. Congress. House. Committee on the Budget. Task Force on Community Development and Natural Resources
Publisher:
ISBN:
Category : Energy consumption
Languages : en
Pages : 184
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Book Description
Author: Mr.Aasim M. Husain
Publisher: International Monetary Fund
ISBN: 151357227X
Category : Business & Economics
Languages : en
Pages : 41
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Book Description
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.
Author: Mr.Benedict J. Clements
Publisher: International Monetary Fund
ISBN: 1484339169
Category : Business & Economics
Languages : en
Pages : 390
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Book Description
Energy subsidies are aimed at protecting consumers, however, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. This book provides the most comprehensive estimates of energy subsidies currently available for 176 countries and an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.
Author: Mr.Carlo A Sdralevich
Publisher: International Monetary Fund
ISBN: 1498350437
Category : Business & Economics
Languages : en
Pages : 130
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Book Description
In the Middle East and North Africa (MENA) countries price subsidies are common, especially on food and fuels. However, these are neither well targeted nor cost effective as a social protection tool, often benefiting mainly the better off instead of the poor and vulnerable. This paper explores the challenges of replacing generalized price subsidies with more equitable social safety net instruments, including the short-term inflationary effects, and describes the features of successful subsidy reforms.
Author:
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 728
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Book Description
Author:
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 1346
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Book Description
Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Author: United States. National Energy Policy Development Group
Publisher: Group Publishing (Company)
ISBN:
Category : Political Science
Languages : en
Pages : 176
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Book Description
Author: Benjamin Shwadran
Publisher: Routledge
ISBN: 0429717873
Category : Political Science
Languages : en
Pages : 193
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Book Description
The production and consumption of oil has emerged as a major factor in international economics in general and in regional and national development in particular. The struggle for access to oil and gas resources has become even more fierce, affecting the long-range strategic planning of the superpowers and causing a shift in the world balance of trade. Middle East Oil Crises Since 1973 is the logical sequel to Dr. Shwadran's classic, The Middle East, Oil and the Great Powers. In this new work, Dr. Shwadran delineates the changes in the power equation, the political atmosphere, and the resources of the participants since 1973. He marshals persuasive evidence to show that economic forces, narrow vision, and the absence of strategic planning were the major contributing factors for the oil crises of the past decade, rather than the Arab-Israeli war.
Author: Mr.Tokhir N Mirzoev
Publisher: International Monetary Fund
ISBN: 1513525905
Category : Business & Economics
Languages : en
Pages : 55
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Book Description
The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.
