The potential macroeconomic impact of the unconventional oil and gas boom in the United States /:
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, b...
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| Main Authors: | , , |
|---|---|
| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
©2015.
|
| Series: | IMF working paper ;
WP/15/92. |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | 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 1/2 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. --Abstract. |
| Item Description: | "May 2015." "Research Department." |
| Physical Description: | 1 online resource (25 pages) : color illustrations, map |
| Bibliography: | Includes bibliographical references (page 21). |
| ISBN: | 9781475551365 1475551363 1484353188 9781484353189 1484353528 1475522029 9781475522020 9781484353523 |
| ISSN: | 1018-5941 ; |
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| 245 | 1 | 4 | |a The potential macroeconomic impact of the unconventional oil and gas boom in the United States / |c prepared by Benjamin Hunt, Dirk Muir, and Martin Sommer. |
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| 504 | |a Includes bibliographical references (page 21). | ||
| 520 | |a 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 1/2 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. --Abstract. | ||
| 588 | 0 | |a Online resource; title from pdf title page (IMF.org Web site, viewed May 6, 2015). | |
| 505 | 0 | |a Cover; ABSTRACT; Contents; I. INTRODUCTION; II. U.S. PRODUCTION OF TIGHT OIL AND SHALE GAS; FIGURES; Figure 1: Crude Oil and Natural Gas Production; Figure 2: U.S. Energy Production Forecasts by the EIA; III. SUMMARY OF THE MACROECONOMIC MODELS; A. The Common Features of GEM and GIMF; B. The Key Differences between GEM and GIMF; C. Implications of the Models' Differences for Analysis of U.S. Unconventional Energy; IV. SIMULATION ANALYSIS; A. Fully Anticipated Move to Self Sufficiency; Figure 3: United States Fully Anticipated Move to Energy Self Sufficiency. | |
| 505 | 8 | |a B. Unanticipated Move to Self SufficiencyFigure 4: United Sates Anticipated versus Unanticipated Move to Energy Self; C. Partially Segmented Markets; Figure 5: Natural Gas Prices in Key Global Regions; Figure 6: Partially Segmented Energy Market; V. CONCLUSIONS; REFERENCES; ANNEX: PRELIMINARY SIMULATIONS; A. Initial Energy Self Sufficiency Simulations; Figure 7: Initial GIMF and GEM Simulations of Move to U.S. Energy Self Sufficiency; B. More Realistic Response of Rest-of-World Energy Suppliers in GIMF; Figure 8: GIMF's Rest-of-World Energy Suppliers' Response Matching GEM. | |
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| author | Hunt, Ben, 1958- Muir, Dirk Sommer, Martin |
| author_GND | http://id.loc.gov/authorities/names/nb99015668 http://id.loc.gov/authorities/names/no2006037299 http://id.loc.gov/authorities/names/no2005088016 |
| author_corporate | International Monetary Fund. Research Department |
| author_corporate_role | |
| author_facet | Hunt, Ben, 1958- Muir, Dirk Sommer, Martin International Monetary Fund. Research Department |
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| contents | Cover; ABSTRACT; Contents; I. INTRODUCTION; II. U.S. PRODUCTION OF TIGHT OIL AND SHALE GAS; FIGURES; Figure 1: Crude Oil and Natural Gas Production; Figure 2: U.S. Energy Production Forecasts by the EIA; III. SUMMARY OF THE MACROECONOMIC MODELS; A. The Common Features of GEM and GIMF; B. The Key Differences between GEM and GIMF; C. Implications of the Models' Differences for Analysis of U.S. Unconventional Energy; IV. SIMULATION ANALYSIS; A. Fully Anticipated Move to Self Sufficiency; Figure 3: United States Fully Anticipated Move to Energy Self Sufficiency. B. Unanticipated Move to Self SufficiencyFigure 4: United Sates Anticipated versus Unanticipated Move to Energy Self; C. Partially Segmented Markets; Figure 5: Natural Gas Prices in Key Global Regions; Figure 6: Partially Segmented Energy Market; V. CONCLUSIONS; REFERENCES; ANNEX: PRELIMINARY SIMULATIONS; A. Initial Energy Self Sufficiency Simulations; Figure 7: Initial GIMF and GEM Simulations of Move to U.S. Energy Self Sufficiency; B. More Realistic Response of Rest-of-World Energy Suppliers in GIMF; Figure 8: GIMF's Rest-of-World Energy Suppliers' Response Matching GEM. |
| ctrlnum | (OCoLC)908472153 |
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| dewey-ones | 332 - Financial economics |
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| discipline | Wirtschaftswissenschaften |
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| issn | 1018-5941 ; |
| language | English |
| oclc_num | 908472153 |
| open_access_boolean | |
| owner | MAIN DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| physical | 1 online resource (25 pages) : color illustrations, map |
| psigel | ZDB-4-EBU FWS_PDA_EBU ZDB-4-EBU |
| publishDate | 2015 |
| publishDateSearch | 2015 |
| publishDateSort | 2015 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper, |
| spelling | Hunt, Ben, 1958- author. https://id.oclc.org/worldcat/entity/E39PCjMyW4tKCyQQVHCw6TFWKq http://id.loc.gov/authorities/names/nb99015668 The potential macroeconomic impact of the unconventional oil and gas boom in the United States / prepared by Benjamin Hunt, Dirk Muir, and Martin Sommer. [Washington, D.C.] : International Monetary Fund, ©2015. 1 online resource (25 pages) : color illustrations, map text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper, 1018-5941 ; WP/15/92 "May 2015." "Research Department." Includes bibliographical references (page 21). 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 1/2 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. --Abstract. Online resource; title from pdf title page (IMF.org Web site, viewed May 6, 2015). Cover; ABSTRACT; Contents; I. INTRODUCTION; II. U.S. PRODUCTION OF TIGHT OIL AND SHALE GAS; FIGURES; Figure 1: Crude Oil and Natural Gas Production; Figure 2: U.S. Energy Production Forecasts by the EIA; III. SUMMARY OF THE MACROECONOMIC MODELS; A. The Common Features of GEM and GIMF; B. The Key Differences between GEM and GIMF; C. Implications of the Models' Differences for Analysis of U.S. Unconventional Energy; IV. SIMULATION ANALYSIS; A. Fully Anticipated Move to Self Sufficiency; Figure 3: United States Fully Anticipated Move to Energy Self Sufficiency. B. Unanticipated Move to Self SufficiencyFigure 4: United Sates Anticipated versus Unanticipated Move to Energy Self; C. Partially Segmented Markets; Figure 5: Natural Gas Prices in Key Global Regions; Figure 6: Partially Segmented Energy Market; V. CONCLUSIONS; REFERENCES; ANNEX: PRELIMINARY SIMULATIONS; A. Initial Energy Self Sufficiency Simulations; Figure 7: Initial GIMF and GEM Simulations of Move to U.S. Energy Self Sufficiency; B. More Realistic Response of Rest-of-World Energy Suppliers in GIMF; Figure 8: GIMF's Rest-of-World Energy Suppliers' Response Matching GEM. English. Petroleum industry and trade United States. http://id.loc.gov/authorities/subjects/sh85100439 Gas industry United States. Fiscal policy United States. Economic development United States. Gaz Industrie États-Unis. Politique fiscale États-Unis. Développement économique États-Unis. Economic development fast Fiscal policy fast Gas industry fast Petroleum industry and trade fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Muir, Dirk, author. http://id.loc.gov/authorities/names/no2006037299 Sommer, Martin, author. http://id.loc.gov/authorities/names/no2005088016 International Monetary Fund. Research Department. http://id.loc.gov/authorities/names/n77001219 has work: The potential macroeconomic impact of the unconventional oil and gas boom in the United States (Text) https://id.oclc.org/worldcat/entity/E39PCGGc6xK8YypWvWgrpfYJcK https://id.oclc.org/worldcat/ontology/hasWork Print version: 9781484353189 IMF working paper ; WP/15/92. http://id.loc.gov/authorities/names/no89010263 |
| spellingShingle | Hunt, Ben, 1958- Muir, Dirk Sommer, Martin The potential macroeconomic impact of the unconventional oil and gas boom in the United States / IMF working paper ; Cover; ABSTRACT; Contents; I. INTRODUCTION; II. U.S. PRODUCTION OF TIGHT OIL AND SHALE GAS; FIGURES; Figure 1: Crude Oil and Natural Gas Production; Figure 2: U.S. Energy Production Forecasts by the EIA; III. SUMMARY OF THE MACROECONOMIC MODELS; A. The Common Features of GEM and GIMF; B. The Key Differences between GEM and GIMF; C. Implications of the Models' Differences for Analysis of U.S. Unconventional Energy; IV. SIMULATION ANALYSIS; A. Fully Anticipated Move to Self Sufficiency; Figure 3: United States Fully Anticipated Move to Energy Self Sufficiency. B. Unanticipated Move to Self SufficiencyFigure 4: United Sates Anticipated versus Unanticipated Move to Energy Self; C. Partially Segmented Markets; Figure 5: Natural Gas Prices in Key Global Regions; Figure 6: Partially Segmented Energy Market; V. CONCLUSIONS; REFERENCES; ANNEX: PRELIMINARY SIMULATIONS; A. Initial Energy Self Sufficiency Simulations; Figure 7: Initial GIMF and GEM Simulations of Move to U.S. Energy Self Sufficiency; B. More Realistic Response of Rest-of-World Energy Suppliers in GIMF; Figure 8: GIMF's Rest-of-World Energy Suppliers' Response Matching GEM. Petroleum industry and trade United States. http://id.loc.gov/authorities/subjects/sh85100439 Gas industry United States. Fiscal policy United States. Economic development United States. Gaz Industrie États-Unis. Politique fiscale États-Unis. Développement économique États-Unis. Economic development fast Fiscal policy fast Gas industry fast Petroleum industry and trade fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85100439 |
| title | The potential macroeconomic impact of the unconventional oil and gas boom in the United States / |
| title_auth | The potential macroeconomic impact of the unconventional oil and gas boom in the United States / |
| title_exact_search | The potential macroeconomic impact of the unconventional oil and gas boom in the United States / |
| title_full | The potential macroeconomic impact of the unconventional oil and gas boom in the United States / prepared by Benjamin Hunt, Dirk Muir, and Martin Sommer. |
| title_fullStr | The potential macroeconomic impact of the unconventional oil and gas boom in the United States / prepared by Benjamin Hunt, Dirk Muir, and Martin Sommer. |
| title_full_unstemmed | The potential macroeconomic impact of the unconventional oil and gas boom in the United States / prepared by Benjamin Hunt, Dirk Muir, and Martin Sommer. |
| title_short | The potential macroeconomic impact of the unconventional oil and gas boom in the United States / |
| title_sort | potential macroeconomic impact of the unconventional oil and gas boom in the united states |
| topic | Petroleum industry and trade United States. http://id.loc.gov/authorities/subjects/sh85100439 Gas industry United States. Fiscal policy United States. Economic development United States. Gaz Industrie États-Unis. Politique fiscale États-Unis. Développement économique États-Unis. Economic development fast Fiscal policy fast Gas industry fast Petroleum industry and trade fast |
| topic_facet | Petroleum industry and trade United States. Gas industry United States. Fiscal policy United States. Economic development United States. Gaz Industrie États-Unis. Politique fiscale États-Unis. Développement économique États-Unis. Economic development Fiscal policy Gas industry Petroleum industry and trade United States |
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