Energy, the exchange rate, and the economy : macroeconomic benefits of Canada's oil sands production

Energy, the exchange rate, and the economy : macroeconomic benefits of Canada's oil sands production / Tamim Bayoumi and Martin Mühleisen.

This paper describes potential benefits from Canada's expanding oil sands production, higher energy exports, and further improvements in the terms of trade. Contrary to the previous Canadian exchange rate literature, this paper finds that both energy and nonenergy commodity prices have an influ...

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Bibliographic Details
Main Authors: Bayoumi, Tamim A. (Author), Mühleisen, Martin (Author)
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006
Series:IMF working paper ; WP/06/70.
Subjects:
Oil sands industry > Economic aspects > Canada.
Monetary policy > Canada.
Balance of payments > Canada > Econometric models.
Balance of payments > Econometric models
Monetary policy
Oil sands industry > Economic aspects
Alberta energy.
Barrel (unit)
Dutch disease.
Economics.
Economy.
Exchange rate.
Gross domestic product.
Natural gas.
Oil sands.
Petroleum.
Canada
Online Access:Click for online access
Description
Summary:This paper describes potential benefits from Canada's expanding oil sands production, higher energy exports, and further improvements in the terms of trade. Contrary to the previous Canadian exchange rate literature, this paper finds that both energy and nonenergy commodity prices have an influence on the Canadian dollar, and some upward pressure on the exchange rate would therefore be expected. Model results suggest, however, that the impact on other tradable goods exports is limited.
Item Description:Cover title.
"March 2006."
Physical Description:1 online resource (21 pages)
Format:Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:Includes bibliographical references (pages 20-21).
ISBN:1283516845
9781283516846
9781451908664
1451908660
ISSN:2227-8885 ;
Reproduction Note:Electronic reproduction.
Action Note:digitized

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