Global Implications of Lower Oil Prices /

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 i...

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Bibliographic Details
Main Author: Husain, Aasim
Other Authors: Arezki, Rabah, Breuer, Peter, Haksar, Vikram
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2015.
Series:Staff Discussion Notes; Staff Discussion Notes ; No. 2015/015
Online Access:Full text available on IMF
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520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Arezki, Rabah. 
700 1 |a Breuer, Peter. 
700 1 |a Haksar, Vikram. 
830 0 |a Staff Discussion Notes; Staff Discussion Notes ;  |v No. 2015/015 
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