000	02151cam  2200313za 4500
001	9.824592
003	CaOODSP
005	20221107144147
007	cr |||||||||||
008	160922s2016    oncd    ob   f000 0 eng d
040	|aCaOODSP|beng
041	|aeng|bfre
043	|an-cn---
086	1 |aFB3-7/2016-13E-PDF
100	1 |aFay, Robert.
245	14|aThe global benefits of low oil prices |h[electronic resource] : |bmore than meets the eye / |cby Robert Fay, Justin-Damien Guénette and Louis Morel.
260	|a[Ottawa] : |bBank of Canada, |cc2016.
300	|aii, 9 p. : |bgraphs.
490	1 |aStaff analytical note, |x2369-9639 ; |v2016-13
500	|a"September 2016."
504	|aIncludes bibliographic references.
520	3 |a"Between mid-2014 and early 2016, oil prices fell by roughly 65 per cent. This note documents the channels through which this oil price decline is expected to affect the global economy. One important and immediate channel is through higher expenditures, especially in net oil-importing countries. Although there is considerable uncertainty over the estimated impact, to date, these expenditures appear to have been small, because the response of investment in oil-producing countries has been negative, large and quick to materialize. This negative response has dominated the positive response of expenditures in oil-importing countries. It is also important, however, to consider how the oil price decline can improve private and public sector balance sheets, as it is expected to support private and public spending in future years. To this extent, global benefits go beyond what is captured in current GDP measures and, as such, there is more to this issue than meets the eye"--Abstract, p.ii.
546	|aText in English, abstract in English and French.
692	07|2gccst|aPetroleum industry
700	1 |aGuénette, Justin-Damien.
700	1 |aMorel, Louis.
710	2 |aBank of Canada.
830	#0|aStaff analytical note,|x2369-9639 ; |v2016-13|w(CaOODSP)9.807323
856	40|qPDF|s398 KB|uhttps://publications.gc.ca/collections/collection_2016/banque-bank-canada/FB3-7-2016-13-eng.pdf