Download or read book The Economic Impact of the Oil Price Collapse written by United States. Congress. Joint Economic Committee. Subcommittee on Trade, Productivity, and Economic Growth and published by . This book was released on 1986 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Rising Oil Prices on the World Economy written by Lars Matthiessen and published by Springer. This book was released on 1982-06-18 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Against the Wind written by David M. Garlick and published by . This book was released on 200? with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Coming Economic Collapse written by Stephen Leeb and published by Business Plus. This book was released on 2006-04-01 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this incredibly timely book,renowned economist Stephen Leeb shows how surging oilprices will contribute to a huge economic collapse bysoaring to over $100, and perhaps $200, a barrel- andtells how you can avoid the pitfalls of the upcomingcrisis.
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 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 Oil and the political economy in the Middle East written by Martin Beck and published by Manchester University Press. This book was released on 2021-08-17 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: The downhill slide in the global price of crude oil, which started mid-2014, had major repercussions across the Middle East for net oil exporters, as well as importers closely connected to the oil-producing countries from the Gulf. Following the Arab uprisings of 2010 and 2011, the oil price decline represented a second major shock for the region in the early twenty-first century – one that has continued to impose constraints, but also provided opportunities. Offering the first comprehensive analysis of the Middle Eastern political economy in response to the 2014 oil price decline, this book connects oil market dynamics with an understanding of socio-political changes. Inspired by rentierism, the contributors present original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The studies reveal a large diversity of country-specific policy adjustment strategies: from the migrant workers in the Arab Gulf, who lost out in the post-2014 period but were incapable of repelling burdensome adjustment policies, to Egypt, Jordan, and Lebanon, who have never been able to fulfil the expectation that they could benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy.
Download or read book Oil Markets in the Post Covid 19 World written by Mohammed Hamdaoui and published by Trends Research & advisory. This book was released on 2020-01-01 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The scale of the socio-economic impact of the Covid-19 pandemic on the global economy has not been witnessed since the Great Depression. Isolation measures, implemented across the globe to contain the virus, confined hundreds of millions of people into their homes, bringing economic activities to a standstill. This crisis has impacted the oil and gas industry in an unprecedented manner. A massive decline in oil demand and a large oversupply, intensified by the price war between Russia and Saudi Arabia, has sent oil prices to levels unseen in decades. While the oil industry has faced several crises that have pushed it to find new ways to conduct business and adapt to changing conditions, the Covid-induced crisis has come when the industry is dealing with increased shareholder activism and intense pressure on the environmental front. Since this is a new phase for the industry, it could also become the catalyst that accelerates the transformation it has started to go through. Oil will continue to play an essential role in the energy mix for many decades. However, oil companies will have to navigate and manage an uncertain future as oil and gas projects will be riskier to develop and consequently require a higher rate of return. They will have to diversify their portfolios and continue shifting toward an integrated business model that embraces the changes caused by the energy transition and the growth in renewable and new technologies.
Download or read book Economic Impact of Oil Decontrol and OPEC Price Increase Staff Evaluation written by United States. Congress. Economic Joint Committee and published by . This book was released on 1975 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fall in Oil Prices written by Buchi Nwadiuto and published by Createspace Independent Publishing Platform. This book was released on 2016-02-25 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unexpected fall in world market prices for oil in the second half of 2014 is comparable to two other recent episodes: in 1986 and 2008-09. The price drop has lowered the cost of living and increased real incomes for consumers in countries where the price declines have been passed on to users. Similarly, firms using oil in production have benefited from lower input prices in these countries. The implied decline in firms 'marginal costs should translate into lower producer prices for their goods and services. These real income gains should result in higher spending and, other factors unchanged, a boost to global growth. This "demand channel" plays an important role in the transmission of the fall in oil prices, and much depends on how large the real income gains are. But the flipside to windfall gains is the income losses of oil producers. The full global economic impact depends on a number of factors, including the nature and magnitude of the oil price decline and the size of the price decline experienced by oil users, among others.
Download or read book The Differential Effects of Oil Demand and Supply Shocks on the Global Economy written by Mr.Paul Cashin and published by International Monetary Fund. This book was released on 2012-10-23 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: We employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2–2011Q2, to discriminate between supply-driven and demand-driven oil-price shocks and to study the time profile of their macroeconomic effects for different countries. The results indicate that the economic consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic activity, and vary for oil-importing countries compared to energy exporters. While oil importers typically face a long-lived fall in economic activity in response to a supply-driven surge in oil prices, the impact is positive for energy-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in our sample experience long-run inflationary pressures and a short-run increase in real output.
Download or read book The U S Oil Supply Revolution and the Global Economy written by Mr.Kamiar Mohaddes and published by International Monetary Fund. This book was released on 2015-12-10 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Set-identification of the U.S. oil supply shock is achieved through imposing dynamic sign restrictions on the impulse responses of the model. The results show that there are considerable heterogeneities in the responses of different countries to a U.S. supply-driven oil price shock, with real GDP increasing in both advanced and emerging market oil-importing economies, output declining in commodity exporters, inflation falling in most countries, and equity prices rising worldwide. Overall, our results suggest that following the U.S. oil revolution, with oil prices falling by 51 percent in the first year, global growth increases by 0.16 to 0.37 percentage points. This is mainly due to an increase in spending by oil importing countries, which exceeds the decline in expenditure by oil exporters.
Download or read book The 1986 Oil Price Crisis written by Robert Mabro and published by Oxford University Press, USA. This book was released on 1988 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economic Impact of Forthcoming OPEC Price Rise and old Oil Decontrol written by United States. Congress. Joint Economic Committee. Subcommittee on Consumer Economics and published by . This book was released on 1976 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Getting Energy Prices Right written by Ian W.H. Parry and published by International Monetary Fund. This book was released on 2014-07-22 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy taxes can produce substantial environmental and revenue benefits and are an important component of countries’ fiscal systems. Although the principle that these taxes should reflect global warming, air pollution, road congestion, and other adverse environmental impacts of energy use is well established, there has been little previous work providing guidance on how countries can put this principle into practice. This book develops a practical methodology, and associated tools, to show how the major environmental damages from energy can be quantified for different countries and used to design the efficient set of energy taxes.
