Series: Staff Discussion Notes
Author(s): Aasim Husain , Rabah Arezki , Peter Breuer , Vikram Haksar , Thomas Helbling , Paulo Medas , and Martin Sommer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 July 2015
Keywords: Oil price, fuel taxes and subsidies, fiscal vulnerabilities, external vulnerabilities, exchange rate regime, oil, prices, price, oil prices, energy
The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the...