Oil Prices and the Global Economy is popular PDF and ePub book, written by Mr.Rabah Arezki in 2017-01-27, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Oil Prices and the Global Economy can be Read Online from any device for your convenience.
Oil Prices and the Global Economy Book PDF Summary
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.
Detail Book of Oil Prices and the Global Economy PDF
- Author : Mr.Rabah Arezki
- Release : 27 January 2017
- Publisher : International Monetary Fund
- ISBN : 9781475572360
- Genre : Business & Economics
- Total Page : 30 pages
- Language : English
- PDF File Size : 7,9 Mb
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