The Oil Crisis and Economic Adjustments
Title | The Oil Crisis and Economic Adjustments PDF eBook |
Author | Andrew MacKillop |
Publisher | Burns & Oates |
Pages | 200 |
Release | 1983 |
Genre | Social Science |
ISBN |
Case studies analysing the impact of petroleum price increase and monetary policies for major OECD countries on economic adjustment in petroleum exporting countries (Bangladesh, Sri Lanka, Kenya, Senegal, Peru and Jamaica) - examines commodity Terms of Trade, gross domestic products, current account deficit, external debt, energy consumption, and petroleum product prices; reviews world economic trends, 1970 to 1980, agricultural sector perspectives, and alternative energy source issues in developing countries. Graphs and statistical tables.
THE OIL CRISIS AND ECONOMIC ADJUSTMENTS
Title | THE OIL CRISIS AND ECONOMIC ADJUSTMENTS PDF eBook |
Author | Andrew MACKILLOP |
Publisher | |
Pages | 8 |
Release | 1983 |
Genre | |
ISBN |
International Dimensions of Monetary Policy
Title | International Dimensions of Monetary Policy PDF eBook |
Author | Jordi Galí |
Publisher | University of Chicago Press |
Pages | 663 |
Release | 2010-03-15 |
Genre | Business & Economics |
ISBN | 0226278875 |
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.
Higher Oil Prices and the World Economy
Title | Higher Oil Prices and the World Economy PDF eBook |
Author | Charles L. Schultze |
Publisher | Washington : Brookings Institution |
Pages | 312 |
Release | 1975 |
Genre | Technology & Engineering |
ISBN |
Nine economists examine the effect of quadrupled oil prices on the world economy, weigh the merits of the various monetary and fiscal policies adapted in response, and explore how the adjustment problem is likely to change in the future.
World Economic Adjustment Since the First Oil Crisis
Title | World Economic Adjustment Since the First Oil Crisis PDF eBook |
Author | Anne O. Krueger |
Publisher | |
Pages | 32 |
Release | 1985 |
Genre | Economic history |
ISBN |
The Economics of the Oil Crisis
Title | The Economics of the Oil Crisis PDF eBook |
Author | T.M. Rybczynski |
Publisher | Springer |
Pages | 237 |
Release | 1976-06-18 |
Genre | Political Science |
ISBN | 134902810X |
The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Title | The Distributional Implications of the Impact of Fuel Price Increases on Inflation PDF eBook |
Author | Mr. Kangni R Kpodar |
Publisher | International Monetary Fund |
Pages | 34 |
Release | 2021-11-12 |
Genre | Business & Economics |
ISBN | 1616356154 |
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.