|
|
|
|
| LEADER |
02594nmm a2200613 u 4500 |
| 001 |
EB000924654 |
| 003 |
EBX01000000000000000718250 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
150128 ||| eng |
| 020 |
|
|
|a 9781475586640
|
| 100 |
1 |
|
|a Kumhof, Michael
|
| 245 |
0 |
0 |
|a Oil and the World Economy
|b Some Possible Futures
|c Michael Kumhof, Dirk Muir
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2012
|
| 300 |
|
|
|a 31 pages
|
| 651 |
|
4 |
|a United States
|
| 653 |
|
|
|a Elasticity
|
| 653 |
|
|
|a Inflation
|
| 653 |
|
|
|a Energy: Demand and Supply
|
| 653 |
|
|
|a Economics
|
| 653 |
|
|
|a Oil prices
|
| 653 |
|
|
|a Price elasticity
|
| 653 |
|
|
|a Economic Theory
|
| 653 |
|
|
|a Industries: Energy
|
| 653 |
|
|
|a Oil
|
| 653 |
|
|
|a Investments: Energy
|
| 653 |
|
|
|a Deflation
|
| 653 |
|
|
|a Production
|
| 653 |
|
|
|a Exhaustible Resources and Economic Development
|
| 653 |
|
|
|a Economic theory & philosophy
|
| 653 |
|
|
|a Petroleum industry and trade
|
| 653 |
|
|
|a Macroeconomics: Production
|
| 653 |
|
|
|a Price Level
|
| 653 |
|
|
|a Energy: General
|
| 653 |
|
|
|a Commodities
|
| 653 |
|
|
|a Demand elasticity
|
| 653 |
|
|
|a Nonrenewable Resources and Conservation: Demand and Supply
|
| 653 |
|
|
|a Forecasting and Other Model Applications
|
| 653 |
|
|
|a Prices
|
| 653 |
|
|
|a Macroeconomics
|
| 653 |
|
|
|a Oil production
|
| 653 |
|
|
|a Agriculture: Aggregate Supply and Demand Analysis
|
| 653 |
|
|
|a Investment & securities
|
| 653 |
|
|
|a Economic theory
|
| 653 |
|
|
|a Bayesian Analysis: General
|
| 653 |
|
|
|a Petroleum, oil & gas industries
|
| 700 |
1 |
|
|a Muir, Dirk
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a IMF Working Papers
|
| 028 |
5 |
0 |
|a 10.5089/9781475586640.001
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2012/256/001.2012.issue-256-en.xml?cid=40066-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a This paper, using a six-region DSGE model of the world economy, assesses the GDP and current account implications of permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional production technologies the effects are modest. But for larger shocks, for elasticities of substitution that decline as oil usage is reduced to a minimum, and for production functions in which oil acts as a critical enabler of technologies, GDP growth could drop significantly. Also, oil prices could become so high that smooth adjustment, as assumed in the model, may become very difficult
|