scholarly journals Oil Price Movements and the Global Economy: A Model-Based Assessment

2008 ◽  
Author(s):  
Selim Elekdag ◽  
Rene Lalonde ◽  
Douglas Laxton ◽  
Dirk Muir ◽  
Paolo Pesenti
2008 ◽  
Vol 55 (2) ◽  
pp. 297-311 ◽  
Author(s):  
Selim Elekdag ◽  
René Lalonde ◽  
Douglas Laxton ◽  
Dirk Muir ◽  
Paolo Pesenti

Author(s):  
Farhad Taghizadeh Hesary ◽  
Naoyuki Yoshino ◽  
Majid Mohammadi Hossein Abadi ◽  
Rosa Farboudmanesh

2019 ◽  
Vol 81 ◽  
pp. 70-78 ◽  
Author(s):  
Lu-Tao Zhao ◽  
Kun Liu ◽  
Xin-Lei Duan ◽  
Ming-Fang Li

2018 ◽  
Vol 55 (4) ◽  
pp. 1151-1169 ◽  
Author(s):  
Lu-Tao Zhao ◽  
Guan-Rong Zeng ◽  
Ling-Yun He ◽  
Ya Meng

2018 ◽  
Vol 74 ◽  
pp. 787-801 ◽  
Author(s):  
Refk Selmi ◽  
Walid Mensi ◽  
Shawkat Hammoudeh ◽  
Jamal Bouoiyour
Keyword(s):  

2008 ◽  
Vol 203 ◽  
pp. 31-34 ◽  
Author(s):  
Ray Barrell ◽  
Olga Pomerantz

Between NIESR's October 2007 and January 2008 global economy forecasts, oil prices rose by almost $20 per barrel, and they averaged $86 a barrel in the fourth quarter of 2007, as against our assumption of $71 a barrel. In the first quarter of 2008 we project that they will average $90 a barrel, $19 above the level we projected in October. Real oil prices have risen almost to the level seen in around 1980, as we can see from figure 1. There has, however, been no resurgence of inflationary pressure on the scale that was observed in the mid-1970s and early 1980s in response to oil price increases. This has been much as we anticipated, as is discussed in Barrell and Pomerantz (2004), and our model simulation results reflect the changed environment in which the increase has taken place.


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