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World Crude Oil Markets; Monetary Policy and the Recent Oil Shock
Krichene, Noureddine - International Monetary Fund (IMF) - 2006
This paper examines the relationship between monetary policy and oil prices within a world oil demand and supply model … interest rates led to high oil price volatility in 2005. Data shows that world economic growth and price stability require …
Persistent link: https://www.econbiz.de/10005769161
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Forecasting Accuracy of Crude Oil Futures Prices
Kumar, Manmohan S. - International Monetary Fund (IMF) - 1991
This paper undertakes an investigation into the efficiency of the crude oil futures market and the forecasting accuracy of futures prices. Efficiency of the market is analysed in terms of the expected excess returns to speculation in the futures market. Accuracy of futures prices is compared...
Persistent link: https://www.econbiz.de/10005599690
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United Arab Emirates; 2004 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United...
International Monetary Fund (IMF); International … - 2004
This 2004 Article IV Consultation highlights that the macroeconomic performance of United Arab Emirates is estimated to have been strong in 2003, reflecting favorable developments in the oil market, higher oil production, and prices. Non Hydrocarbon real GDP growth is estimated to have remained...
Persistent link: https://www.econbiz.de/10005825324
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A Primeron Fiscal Analysis in Oil-Producing Countries
Medas, Paulo A.; Zakharova, Daria - International Monetary Fund (IMF) - 2009
This paper proposes an integrated approach to fiscal policy analysis in oil producing countries (OPCs) geared towards addressing their unique and complex policy challenges. First, an accurate assessment of the fiscal stance in OPCs can be obscured by large and volatile oil revenue flows. Second,...
Persistent link: https://www.econbiz.de/10005825789
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How Much is Enough? Monte Carlo Simulations of An Oil Stabilization Fund for Nigeria
Bartsch, Ulrich - International Monetary Fund (IMF) - 2006
In oil-dependent countries, a major issue is how to stabilize fiscal spending when government revenue fluctuates along with the international price of oil. A stabilization fund would allow the government to pull through an oil price trough and absorb windfall revenue when prices are high. This...
Persistent link: https://www.econbiz.de/10005826371
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Diagnosing Dutch Disease; Does Russia Have the Symptoms?
Kalcheva, Katerina; Oomes, Nienke - International Monetary Fund (IMF) - 2007
In this paper, we assess whether recent economic developments in Russia are symptomatic of Dutch Disease. We first provide a brief review of the literature on Dutch Disease and the natural resource curse. We then discuss the symptoms of Dutch Disease, which include (1) real exchange rate...
Persistent link: https://www.econbiz.de/10005826454
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Recent Dynamics of Crude Oil Prices
Krichene, Noureddine - International Monetary Fund (IMF) - 2006
explanation of the oil price process in terms of the underlying fundamentals of oil markets and world economy was provided …, viewing pressure on oil prices mainly as a result of rigid crude oil supply and an expanding world demand for crude oil. A …
Persistent link: https://www.econbiz.de/10005826574
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The Future of Oil; Geology Versus Technology
Chauvet, Marcelle; Selody, Jack G.; Laxton, Douglas; … - International Monetary Fund (IMF) - 2012
We discuss and reconcile two diametrically opposed views concerning the future of world oil production and prices. The … the fact that world oil production has plateaued since 2005 despite historically high prices, and that spare capacity has … model of the world oil market that encompasses both views. The model performs far better than existing empirical models in …
Persistent link: https://www.econbiz.de/10011242439
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Strengthening Transparency in the Oil Sector in Cameroon; Why Does it Matter?
Cossé, Stéphane - International Monetary Fund (IMF) - 2006
There has been a growing recognition of the importance of transparency for economic growth and social development in oil producing countries. This paper analyzes transparency issues in Cameroon's oil sector. It shows that, while substantial efforts have already been undertaken, continued action...
Persistent link: https://www.econbiz.de/10011242444
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Sri Lanka; Selected Issues
International Monetary Fund (IMF); International … - 2006
This paper attempts to assess the impact of the oil shock on South Asian economies, including Sri Lanka, as well as policy responses to deal with the shock, and the real income loss for low-income households if fuel subsidies were fully removed. The most important impact has been on the balance...
Persistent link: https://www.econbiz.de/10011242713