Download or read book Global Implications of Lower Oil Prices written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
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.
Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Drivers of Oil Prices The Usefulness and Limitations of Non Structural Model the Demand Supply Framework and Informal Approaches written by Bassam Fattouh and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
Download or read book Oil in the Sea III written by National Research Council and published by National Academies Press. This book was released on 2003-03-14 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the early 1970s, experts have recognized that petroleum pollutants were being discharged in marine waters worldwide, from oil spills, vessel operations, and land-based sources. Public attention to oil spills has forced improvements. Still, a considerable amount of oil is discharged yearly into sensitive coastal environments. Oil in the Sea provides the best available estimate of oil pollutant discharge into marine waters, including an evaluation of the methods for assessing petroleum load and a discussion about the concerns these loads represent. Featuring close-up looks at the Exxon Valdez spill and other notable events, the book identifies important research questions and makes recommendations for better analysis ofâ€"and more effective measures againstâ€"pollutant discharge. The book discusses: Inputâ€"where the discharges come from, including the role of two-stroke engines used on recreational craft. Behavior or fateâ€"how oil is affected by processes such as evaporation as it moves through the marine environment. Effectsâ€"what we know about the effects of petroleum hydrocarbons on marine organisms and ecosystems. Providing a needed update on a problem of international importance, this book will be of interest to energy policy makers, industry officials and managers, engineers and researchers, and advocates for the marine environment.
Download or read book Oil Import Allocations Hearings Before 88 2 on the Impact of the System of Allocations of Crude Oil Under the Mandatory Oil Import Program on Small Business Refiners August 10 and 11 1964 written by United States. Congress. Senate. Select Committee on Small Business and published by . This book was released on 1964 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oversight mandatory Petroleum Allocation Programs written by United States. Congress. Senate. Committee on Interior and Insular Affairs and published by . This book was released on 1974 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Crude Oil Owned by State and Local Governments written by United States. Congress. Senate. Committee on Interior and Insular Affairs and published by . This book was released on 1976 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Evaluation of Crude Oil Supply in Saskatchewan written by James N. Tanner and published by Calgary : Canadian Energy Research Institute. This book was released on 1987 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent volatility of crude oil prices has raised concerns over the volume of oil which can be expected to be discovered in the various supply regions in Canada. This study focuses on the likely implication of crude oil volatility on future oil supply from Saskatchewan. The study constructed a model to help analyze the effects of price changes on established reserves, and also reserve additions from both new discoveries and extensions of older pools. The model uses the provincial well data base and research on the royalty rates, taxes, and operation costs in Saskatchewan to analyze the effects of price changes on established reserves, defined as short-run supply, over a 19-year period. The long-run analysis includes both current established reserves and reserves which are likely to be discovered in the future.
Download or read book The Intended and Unintended Effects of U S Agricultural and Biotechnology Policies written by Joshua S. Graff Zivin and published by University of Chicago Press. This book was released on 2012-03-15 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using economic models and empirical analysis, this volume examines a wide range of agricultural and biofuel policy issues and their effects on American agricultural and related agrarian insurance markets. Beginning with a look at the distribution of funds by insurance programs—created to support farmers but often benefiting crop processors instead—the book then examines the demand for biofuel and the effects of biofuel policies on agricultural price uncertainty. Also discussed are genetically engineered crops, which are assuming an increasingly important role in arbitrating tensions between energy production, environmental protection, and the global food supply. Other contributions discuss the major effects of genetic engineering on worldwide food markets. By addressing some of the most challenging topics at the intersection of agriculture and biotechnology, this volume informs crucial debates.
Download or read book Recent Economic Changes and Their Effect on the Production and Distribution of Wealth and the Weel being of Society written by David Ames Wells and published by . This book was released on 1889 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Register written by and published by . This book was released on 1978-06 with total page 1488 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Problems of American Small Business Oil supply and distribution problems I XVI August 21 1947 April 30 1948 16 v written by United States. Congress. Senate. Special Committee to Study Problems of American Small Business and published by . This book was released on 1948 with total page 1220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mandatory Oil Import Control Program Its Impact Upon the Domestic Minerals Industry and National Security written by United States. Congress. House. Committee on Interior and Insular Affairs and published by . This book was released on 1968 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mandatory Oil Import Control Program Its Impact Upon the Domestic Minerals Industry and National Security written by United States. Congress. House. Committee on Interior and Insular Affairs. Subcommittee on Mines and Mining and published by . This book was released on 1968 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: Committee Serial No. 90-25. Considers impact of mandatory oil import program on domestic energy fuel and mineral industries. Includes Interior Dept announcements of oil import allocations to Phillips Petroleum Co. and other oil companies, 1965-1968 (p. 87-137).
Download or read book Recent Economic Changes and Their Effect on the Production and Distribution of Wealth and the Well being of Society written by David Ames Wells and published by . This book was released on 1897 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt:
