The Effects of Energy Price Shocks on Growth and Macroeconomic Stability in Selected Energy-Importing CIS Countries PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Effects of Energy Price Shocks on Growth and Macroeconomic Stability in Selected Energy-Importing CIS Countries PDF full book. Access full book title The Effects of Energy Price Shocks on Growth and Macroeconomic Stability in Selected Energy-Importing CIS Countries by Tatiana Lysenko. Download full books in PDF and EPUB format.
Author: Tatiana Lysenko
Publisher:
ISBN:
Category :
Languages : en
Pages : 215
Get Book Here
Book Description
After several years of low and stable prices for its gas exports to CIS countries, Russia has decided to review these arrangements and to significantly increase prices, bringing them closer to the levels applied to the EU. The steep increase in energy prices has significant economic implications for the importing countries. So far, the economic analysis has tended to adopt a country-specific focus. We adopt a crosscountry perspective instead, comparing the macroeconomic effects of the energy-price shock on growth, macroeconomic stability, budget and balance of payments. The analysis shows that the expected negative effects associated with the gas price shock have not led to a GDP loss in any of the countries studied, mainly due to a combination of counterbalancing factors. However, some of these developments may raise concerns for the future. In particular the steep increase in private and quasi-private external debt observed over 2006 in most countries increases their vulnerability to future exogenous shocks, including further raises in energy prices.
Author: Tatiana Lysenko
Publisher:
ISBN:
Category :
Languages : en
Pages : 215
Get Book Here
Book Description
After several years of low and stable prices for its gas exports to CIS countries, Russia has decided to review these arrangements and to significantly increase prices, bringing them closer to the levels applied to the EU. The steep increase in energy prices has significant economic implications for the importing countries. So far, the economic analysis has tended to adopt a country-specific focus. We adopt a crosscountry perspective instead, comparing the macroeconomic effects of the energy-price shock on growth, macroeconomic stability, budget and balance of payments. The analysis shows that the expected negative effects associated with the gas price shock have not led to a GDP loss in any of the countries studied, mainly due to a combination of counterbalancing factors. However, some of these developments may raise concerns for the future. In particular the steep increase in private and quasi-private external debt observed over 2006 in most countries increases their vulnerability to future exogenous shocks, including further raises in energy prices.
Author:
Publisher:
ISBN:
Category : Africa, North
Languages : en
Pages : 191
Get Book Here
Book Description
This is the third issue of the Economic Review of EU Neighbour Countries. The European neighbourhood runs from Morocco in North Africa, through the Middle East, to Russia – including those countries that directly border, or closely border the European Union, and whose growth and welfare is of particular importance to Europe for economic and political reasons. This year the review includes a special focus on a topical issue: the macroeconomic effects of energy price shocks in resource poor CIS countries (written in collaboration with the EBRD). After several years of below market prices for its gas exports to the CIS, Russia has decided to review these arrangements and to significantly increase prices, bringing them closer to the levels applied to the EU. Starting in early 2006 with Ukraine, the renegotiation of gas prices has since then affected also Armenia, Belarus, Georgia and Moldova. This chapter compares the macroeconomic effects of the energy-price shock on growth, macroeconomic stability, budget and balance of payments in these energy-importing countries. In addition to country-specific chapters, this review includes also two overviews of the recent economic developments in the Mediterranean and the EU Eastern neighbourhood regions. These chapters are structured along the main areas of reform: macroeconomic developments, trade liberalisation and economic opening, business climate, public institutions and public finance management, and social development and poverty.
Author: CASE (Organization : Warsaw, Poland)
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 406
Get Book Here
Book Description
Recoge: 1. Introduction - 2. Literature survey - 3. Energy sector and its macroeconomic importance in CIS - 4. Key macroeconomic issues related to energy sector functioning - 5. CIS role for the EU energy supply - 6. Strategies and policy options for the energy sector development in the CIS region.
Author: Lúcio Vinhas de Souza
Publisher: CEPS
ISBN: 9290797673
Category : Business & Economics
Languages : en
Pages : 112
Get Book Here
Book Description
Russia is now once again one of the ten largest economies in the world (representing around 70% of Germany's GDP in purchasing power parity in 2007). In addition, Russia is the third largest trading partner of the EU, the fourth largest trade partner of the eurozone and an essential energy supplier to the EU. This recovery makes Russia an economic - and political - actor that cannot be ignored. In this authoritative new book, Lúcio Vinhas de Souza, desk officer for Russia in the Directorate-General for Economic and Financial Affairs of the European Commission, reviews the country's evolving macroeconomic performance and structural policy framework, from the difficult days of the recession in the early transition period and the 1998 crisis to Russia's sustained and robust growth since 1999. He outlines the remaining reform priorities in Russia and concludes with pragmatic policy recommendations for the reform agenda.
Author:
Publisher:
ISBN:
Category : Germany
Languages : en
Pages : 532
Get Book Here
Book Description
Recoge: 1. Introduction - 2. Germany's growth performance since reunification - 3. Utilising the employment potential - 4. Removing impediments to capital formation - 5. Accelerating technological progress - 6. Scenarios for potential growth.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264037543
Category :
Languages : en
Pages : 146
Get Book Here
Book Description
This first OECD Economic Survey for the Ukraine reviews recent economic developments and points out key economic challenges that Ukraine faces in the medium-term, including reducing barriers to economic growth though institutional and regulatory ...
Author: Arnold McIntyre
Publisher: International Monetary Fund
ISBN: 1513560743
Category : Business & Economics
Languages : en
Pages : 67
Get Book Here
Book Description
High energy costs contribute to dampening Caribbean competitiveness and potential growth. This paper overviews power sector challenges and takes stock of national and regional strategies to address them. It presents recommendations to move the energy agenda forward based on analyses of macro-aspects of energy reform. These include: i) quantitative assessment of the impact of energy costs on growth and competitiveness; ii) evaluation of gains from implementing announced renewable energy and energy efficiency targets; and iii) analysis of the impact of energy investments on debt sustainability. The paper argues for a bigger role for the private sector in energy reform and discusses prerequisites for good public-private partnerships.
Author:
Publisher:
ISBN:
Category : European Economic Community countries
Languages : en
Pages : 568
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : Ukraine
Languages : en
Pages : 148
Get Book Here
Book Description
Author: Mr.Benedict J. Clements
Publisher: International Monetary Fund
ISBN: 1484339169
Category : Business & Economics
Languages : en
Pages : 390
Get Book Here
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.
