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The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States

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by Ben Hunt & Dirk Muir
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The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States by Ben Hunt & Dirk Muir

This paper uses two of the IMF's structural macroeconomic models to estimate the potential global impact of the boom in unconventional oil and natural gas in the United States. The results suggest that the impact on the level of U.S. real GDP over roughly the next decade could be significant, but modest, ranging between 1 and 1? percent. Further, while the impact on the U.S. energy trade balance will be large, most results suggest that its impact on the overall U.S. current account will be negligible. The impact outside of the United States will be modestly positive on average, but most countries dependent on energy exports will be affected adversely.

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Ebook Details
Pages: 25
Size: 2.0 MB
Date published:   2015
ISBN: 9781475551365 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

These authors have products in the following categories:

Nonfiction > Business & Economics > Economics > Macroeconomics
Fiction > Short Stories (single author)
Nonfiction > Business & Economics > International
Nonfiction > Business & Economics
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics

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