Oil and the World Economy : Some Possible Futures /

This paper, using a six-region DSGE model of the world economy, assesses the GDP and current account implications of permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional production technologies the effects are modest. But for l...

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Detalhes bibliográficos
Autor principal: Kumhof, Michael
Outros Autores: Muir, Dirk
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2012.
Colecção:IMF Working Papers; Working Paper ; No. 2012/256
Acesso em linha:Full text available on IMF