1.

Record Nr.

UNINA9910822021503321

Autore

Bayoumi Tamim A

Titolo

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

Pubbl/distr/stampa

Washington, D.C., : International Monetary Fund, 2006

ISBN

1-4623-2357-X

1-4527-3703-7

1-283-51684-5

9786613829290

1-4519-0866-0

Edizione

[1st ed.]

Descrizione fisica

1 online resource (23 p.)

Collana

IMF working paper ; ; WP/06/70

Soggetti

Oil sands industry - Economic aspects - Canada

Monetary policy - Canada

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"March 2006."

Issued as part of the Canadian electronic library documents collection.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. OUTLOOK FOR ENERGY PRODUCTION""; ""III. EXPORT PROSPECTS AND DUTCH DISEASE""; ""IV. EXCHANGE RATE EQUATION""; ""V. PUTTING IT ALL TOGETHER""; ""VI. CONCLUSION""; ""APPENDIX I. Data""; ""References""

Sommario/riassunto

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.