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A Simultaneous Equation Model for World Crude Oil and Natural Gas Markets
Krichene, Noureddine - International Monetary Fund (IMF) - 2005
shocks. The paper establishes a relationship between oil prices, changes in the nominal effective exchange rate (NEER) of the … rates and the NEER are shown to influence crude prices inversely. The results imply that crude oil prices should be included …
Persistent link: https://www.econbiz.de/10005768887
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Crude Oil Prices
Krichene, Noureddine - 2008
Following record low interest rates and fast depreciating U.S. dollar, crude oil prices became under rising pressure … and seemed boundless. Oil price process parameters changed drastically in 2003M5-2007M10 toward consistently rising prices … were supportive of these trends. Market expectations derived from option prices anticipated further surge in oil prices and …
Persistent link: https://www.econbiz.de/10012677453
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The Impact of Oil-Related Income on the Equilibrium Real Exchange Rate in Syria
Dridi, Jemma - 2008
This paper examines the impact of oil-related income, among other fundamentals, on the equilibrium real effective exchange rate (ERER) in Syria. After reviewing the evolution of the Syrian multiple exchange rate regime since 1960 and assessing alternative measures for the exchange rate, the...
Persistent link: https://www.econbiz.de/10012677644
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Differential Effects of Oil Demand and Supply Shocks on the Global Economy.
Cashin, Paul - 2012
-lived fall in economic activity in response to a supply-driven surge in oil prices, the impact is positive for energy … Relations (r) -- 6. F-Statistics for Testing the Weak Exogeneity of the Country-Specific Foreign Variables, Oil Prices, and Oil …
Persistent link: https://www.econbiz.de/10012690166
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Oil and Growth in the Republic of Congo.
Bhattacharya, Rina - 2006
Intro -- Contents -- I. INTRODUCTION -- II. POLITICAL AND SECURITY SITUATION -- III. ECONOMIC PERFORMANCE SINCE 1970 -- IV. THE ROLE OF OIL IN CONGO -- V. NATURAL RESOURCES AND GROWTH -- VI. EMPIRICAL ANALYSIS OF THE DETERMINANTS OF ECONOMIC GROWTH -- VII. REAL EFFECTIVE EXCHANGE RATE...
Persistent link: https://www.econbiz.de/10012691161
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Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy : Lessons from Gabon
Leigh, Daniel - 2006
Intro -- Contents -- I. INTRODUCTION -- II. BACKGROUND -- III. THEORETICAL FRAMEWORK -- IV. RESULTS AND SENSITIVITY TESTS -- V. EXTENSIONS -- VI. CONCLUDING REMARKS AND FUTURE RESEARCH AGENDA -- References.
Persistent link: https://www.econbiz.de/10012691163
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Investing Volatile Oil Revenues in Capital-Scarce Economies : An Application to Angola
Richmond, Christine - 2013
Natural resource revenues are an increasingly important financing source for public investment in many developing economies. Investing volatile resource revenues, however, may subject an economy to macroeconomic instability. This paper applies to Angola the fiscal framework developed in Berg and...
Persistent link: https://www.econbiz.de/10014409430
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An Oil and Gas Model
Krichene, Noureddine - International Monetary Fund (IMF) - 2007
volatility in oil and gas prices, and could confer to producers a temporary market power. Being simultaneous and incorporating … interest and exchange rates, the model could be useful in short-term forecasting of oil and gas outputs and prices under policy …
Persistent link: https://www.econbiz.de/10005248317
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Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries
Fasano-Filho, Ugo - International Monetary Fund (IMF) - 2000
The main purposes of this paper are to review the operational modalities and experience of oil funds currently in place in Norway, Chile (copper), the State of Alaska, Venezuela, Kuwait, and Oman, and to draw some preliminary conclusions on their contribution to enhance fiscal management. The...
Persistent link: https://www.econbiz.de/10005263715
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Oil Shocks and External Balances
International Monetary Fund (IMF); International … - 2007
This paper studies the effects of demand and supply shocks in the global crude oil market on several measures of countries' external balance, including the oil and non-oil trade balances, the current account, and changes in net foreign assets (NFA) during 1975-2004. We explicitly take a global...
Persistent link: https://www.econbiz.de/10005264112