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Business Cycles In An Oil Economy.pdf

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Preview of Business cycles in an oil economy
🔗 Source: bis.org
📊 Size: 987 KB
👤 Author: Drago Bergholt, Vegard H Larsen, Martin Seneca
⬇️ Downloads: 80

Summary

The model provides three key results: (1) oil price movements are a significant source of macroeconomic volatility in mainland Norway, (2) conventional trade channels make an economically less significant difference for the transmission of global shocks to oil exporters than to oil importers, and (3) the domestic oil industry's supply chain is an important transmission mechanism for oil price movements, while the prevailing fiscal regime provides substantial protection against external shocks.

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Description

The model provides three key results: (1) oil price movements are a significant source of macroeconomic volatility in mainland Norway, (2) conventional trade...

Technical Information

  • File Format: PDF
  • File Size: 987 KB
  • Pages: 35
  • Language: EN
  • Author: Drago Bergholt, Vegard H Larsen, Martin Seneca
  • Total Downloads: 80
  • Last Updated: 1 month ago

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This PDF document about Business cycles in an oil economy provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Business cycles in an oil economy.

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