The Great Plunge in Oil Prices : Causes, Consequences, and Policy Responses

The Great Plunge in Oil Prices : Causes, Consequences, and Policy Responses

This note combines and distills existing and new research to inform discussion on the topical policy issue of oil prices. Following four years of relative stability at around $105 per barrel (bbl), oil prices have declined sharply since June 2014 a...

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Bibliographic Details
Main Authors: Baffes, John, Kose, M. Ayhan, Ohnsorge, Franziska, Stocker, Marc
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
EMPLOYMENT
MERCHANDISE
CAPITAL MARKETS
DURABLE GOODS
NUCLEAR REACTORS
OIL PRICE
PRICE INCREASES
OIL EQUIVALENT
FOSSIL FUELS
OIL MARKETS
STOCK
QUALITY ENERGY
WORLD OIL CONSUMPTION
MARKET DEVELOPMENTS
DEFLATION
OIL SPILLS
PRICE FORECASTS
ACTIVITIES
AVERAGE PRICES
OIL OUTPUT
OIL SUPPLY
CLEAN ENERGY
GAS PRICES
GASOLINE
ENERGY PRODUCTS
FAIR
OIL PRICE COLLAPSE
OIL EXPLORATION
PRICING
GAS
ETHANOL
BARRELS PER DAY
PRICE
PEAK OIL
DOMESTIC OIL
OIL CONSUMPTION
OIL PRODUCTION
INFLATION
STABLE PRICES
OILS
LABOR MARKET
PETROLEUM
OIL PRICES
LNG
NATURAL GAS PRICES
OIL DEMAND
LIQUEFACTION
AGRICULTURAL COMMODITIES
OIL
BARREL OIL
ENERGY SOURCES
SUBSTITUTE PRODUCT
RAW MATERIALS
PETROLEUM EXPORTING COUNTRIES
OIL ACCOUNTS
OIL COMPANIES
DOMESTIC SUPPLY
SURPLUS
PRODUCTS
OPTIONS
OIL PRODUCTS
CRUDE OIL PRODUCTION
EMERGING MARKET
RECOVERABLE RESERVES
MARKETS
OIL IMPORTS
AGRICULTURAL PRICES
PRODUCT
TAX REVENUES
PRICE SUBSIDIES
INVENTORIES
FUEL DEMAND
PRICING POLICIES
INVENTORY
FUELS
FUEL COSTS
COMMODITY PRICE
TAX POLICIES
PRICE CHANGE
EXPENDITURE
EMERGING MARKETS
PRICING MECHANISM
ENERGY CONSUMPTION
GAS PROJECTS
SUBSTITUTE
CLIMATE CHANGE
VOLATILITY
BALANCE
OIL PRODUCER
MARKET CONDITIONS
MERCHANDISE EXPORTS
UTILITIES
POWER
ELECTRICITY
PRICE OF OIL
PRICE SUPPORT
DEMAND
AGGREGATE DEMAND
PRICE STABILITY
PRICE CHANGES
FOSSIL FUEL
EXPENDITURES
OIL EXPORTS
PRICE FLUCTUATIONS
OIL PRODUCERS
FUEL PRICES
COST OF ENERGY
ENERGY BILLS
ENERGY USE
CONSUMPTION OF ENERGY
MARKET
NET OIL
NUCLEAR ENERGY
ENERGY PRICES
COFFEE PRICES
ENERGY PRODUCTION
CRUDE OIL PRICE
NATURAL GAS
MARKET SHARE
FEEDSTOCK
FINANCIAL MARKET
SUGARCANE
STOCKS
OIL EXPORTERS
DOMESTIC OIL PRODUCTION
INVESTMENT
NITROGEN
COAL
FINANCIAL MARKETS
SUPPLY
CRUDE OIL
FUEL
OIL SHOCKS
DRILLING
PRICES OF ENERGY
AVAILABILITY
OIL PRICE SPIKE
INVESTMENTS
DOMESTIC PETROLEUM
RENEWABLE ENERGY
SUPPLIERS
PRICE SPIKES
LABOR MARKETS
DIESEL
COMMODITY PRICES
OIL INDUSTRY
ENERGY COSTS
FOSSIL
PRICES
APPROACH
ELECTRICAL POWER
ENERGY
Online Access:http://documents.worldbank.org/curated/en/2015/12/25666189/great-plunge-oil-prices-causes-consequences-policy-responses
http://hdl.handle.net/10986/23611

Internet

http://documents.worldbank.org/curated/en/2015/12/25666189/great-plunge-oil-prices-causes-consequences-policy-responses
http://hdl.handle.net/10986/23611

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