Global Implications of Lower Oil Prices

Global Implications of Lower Oil Prices PDF 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.

Global Implications of Lower Oil Prices

Global Implications of Lower Oil Prices PDF 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.

OPEC Behaviour and World Oil Prices

OPEC Behaviour and World Oil Prices PDF Author: James M. Griffin
Publisher: Routledge
ISBN: 1317237781
Category : Business & Economics
Languages : en
Pages : 242

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Book Description
This volume, originally published in 1982, brings together economists, political scientists and industry experts to explain OPEC’s past achievements and future (in the early 1980s) prospects. The book opens with a clear, concise amd easy to follow treatment of the economics of exhaustible resources under monopoly and competition, the framework frequently used to examine pricing issues. The role of wealth maximisation, wealth satisficing and political factors as OPEC objectives are discussed and implications for world oil prices assessed. The stability of OPEC and the limitations of its pricing policy are examined and OPEC oil pricing and importers’ policies analysed.

Oil Prices and the Global Economy

Oil Prices and the Global Economy PDF Author: Mr.Rabah Arezki
Publisher: International Monetary Fund
ISBN: 1475572360
Category : Business & Economics
Languages : en
Pages : 30

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Book Description
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.

OPEC

OPEC PDF Author: Bassam Fattouh
Publisher:
ISBN: 9781907555671
Category : Petroleum industry and trade
Languages : en
Pages : 25

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Book Description


Financial Crises

Financial Crises PDF Author: Mr.Stijn Claessens
Publisher: International Monetary Fund
ISBN: 1484355261
Category : Business & Economics
Languages : en
Pages : 754

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Book Description
The lingering effects of the economic crisis are still visible—this shows a clear need to improve our understanding of financial crises. This book surveys a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons on crisis prevention and management, as well as the short-term economic effects of crises, recessions, and recoveries, are discussed.

The Effect of OPEC Oil Pricing on Output, Prices, and Exchange Rates in the United States and Other Industrial Countries

The Effect of OPEC Oil Pricing on Output, Prices, and Exchange Rates in the United States and Other Industrial Countries PDF Author: Heywood W. Fleisig
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 132

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Book Description


Commodity Prices and Markets

Commodity Prices and Markets PDF Author: Takatoshi Ito
Publisher: University of Chicago Press
ISBN: 0226386899
Category : Business & Economics
Languages : en
Pages : 346

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Book Description
Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.

Drivers of Oil Prices: The Usefulness and Limitations of Non- Structural Model, the Demand-Supply Framework and Informal Approaches

Drivers of Oil Prices: The Usefulness and Limitations of Non- Structural Model, the Demand-Supply Framework and Informal Approaches PDF Author: Bassam Fattouh
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description


The Price of Oil

The Price of Oil PDF Author: Roberto F. Aguilera
Publisher: Cambridge University Press
ISBN: 1107110017
Category : Business & Economics
Languages : en
Pages : 253

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Book Description
This book explains why oil prices rose so spectacularly in the past and examines how they will be suppressed in the future.

Crude Oil Prices, as Determined by OPEC and Market Fundamentals

Crude Oil Prices, as Determined by OPEC and Market Fundamentals PDF Author: Paul W. MacAvoy
Publisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 234

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Book Description