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  • 标题:Can oil reach $200 a barrel?
  • 本地全文:下载
  • 作者:Bonner, David
  • 期刊名称:Finante - provocarile viitorului (Finance - Challenges of the Future)
  • 印刷版ISSN:1583-3712
  • 出版年度:2008
  • 卷号:1
  • 期号:8
  • 页码:132-137
  • 出版社:University of Craiova, Faculty of Economics and Business Administration
  • 摘要:Oil is a natural exhaustible resource, affected by depletion. It is one of the most important factors of production, but because is not a storable good, it can only obtain value by production and consumption (Elekdag et. al., 2008). This essay will first discuss the facts that would lead to a rise in the oil price to $200 a barrel by 2009 and then look at the impact of this rise, considering it is maintained for further 5 years. The ASPS, one of the most common indexes for oil, has risen by 70,1% from January 2007 to January 2008 (IMF Primary Commodity Prices). In view of this, this scenario is a very likely to take place in the next period. This essay is concentrating on the effects this increase would have on growth, inflation and unemployment în both non-oil and oil producing countries, using a basic analysis of aggregate demand - aggregate supply.
  • 关键词:oil price; monetary policy; Philips curve
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