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On the Sources of Oil Price Fluctuations
Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - International Monetary Fund (IMF) - 2009
and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a … precautionary oil demand shock. The paper's aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE …
Persistent link: https://www.econbiz.de/10008561072
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The Differential Effects of Oil Demand and Supply Shocks on the Global Economy
Cashin, Paul; Mohaddes, Kamiar; Raissi, Mehdi; Raissi, … - International Monetary Fund (IMF) - 2012
countries/regions over the period 1979Q2–2011Q2, to discriminate between supply-driven and demand-driven oil-price shocks and … consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in …
Persistent link: https://www.econbiz.de/10011142133
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Republic of Moldova; Poverty Reduction Strategy Paper-Progress Report
International Monetary Fund (IMF); International … - 2011
The progress made by Moldova toward achieving the Millennium Development Goals (MDGs) has not been uniform since 2007. Domestic economic and political crises are likely to undermine the achievement of several MDG targets set for 2010 and 2015. The goals were to reduce extreme poverty and hunger,...
Persistent link: https://www.econbiz.de/10011242804
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Kenya; Selected Issues
International Monetary Fund (IMF); International … - 2008
This Selected Issues paper on Kenya reviews Kenya’s external stability in a context where the exchange rate has strengthened and capital inflows are playing an increasingly important role. Kenya’s external current account deficit has widened, reflecting strong import volumes as...
Persistent link: https://www.econbiz.de/10011244282
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Japan; Spillover Report for the 2011 Article IV Consultation and Selected Issues
International Monetary Fund (IMF); International … - 2011
Japan’s position is one of the largest and richest economies in the world. Tokyo as a financial marketplace is not a major intermediator of global capital flows. The current macroeconomic environment is conducive to spillovers being larger than captured by the empirical analysis. Apart...
Persistent link: https://www.econbiz.de/10011244326
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Republic of Belarus; Request for Stand-By Arrangement: Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive...
International Monetary Fund (IMF); International … - 2009
Belarus’ economic growth has been impressive in the last few years. Belarus’ economic program is designed to facilitate adjustment to external shocks and reduce vulnerabilities. It includes a number of structural reforms on issues that are critical to the mitigation of...
Persistent link: https://www.econbiz.de/10011244451
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Algeria; Selected Issues
International Monetary Fund (IMF); International … - 2006
This Selected Issues paper for Algeria analyzes the potential economic impact of Algeria’s Association Agreement with the European Union (AAEU). The paper lays out the major elements of Algeria’s AAEU and makes a comparison with other AAEUs. It discusses the potential economic...
Persistent link: https://www.econbiz.de/10011244528
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Former Yugoslav Republic of Macedonia; Selected Issues
International Monetary Fund (IMF); International … - 2009
, partly financed by FDI, is the main driver boosting domestic demand, as seen in the fast-growing import of investment and …
Persistent link: https://www.econbiz.de/10011244556
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Namibia; 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Namibia
International Monetary Fund (IMF); International … - 2008
Namibia’s economic position has been reinforced since the last consultation. The government strategy of broadening the economic base and reducing unemployment while preserving a solid fiscal position is commended. Namibia has ensured that interest rate differentials with South Africa do...
Persistent link: https://www.econbiz.de/10011244630
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People’s Republic of China; Hong Kong Special Administrative Region: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion...
International Monetary Fund (IMF); International … - 2008
Hong Kong has grown strongly as a result of its successful transformation from a manufacturing presence to a services hub over past decades. Executive Directors support the government’s commitment for the Linked Exchange Rate System. Hong Kong’s future as a financial center is...
Persistent link: https://www.econbiz.de/10011245140