1.

Record Nr.

UNINA9910967319303321

Autore

Bayoumi Tamim

Titolo

Energy, the Exchange Rate, and the Economy : : Macroeconomic Benefits of Canada’s Oil Sands Production / / Tamim Bayoumi, Martin Mühleisen

Pubbl/distr/stampa

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

ISBN

9786613829290

9781462323579

146232357X

9781452737034

1452737037

9781283516846

1283516845

9781451908664

1451908660

Edizione

[1st ed.]

Descrizione fisica

1 online resource (23 p.)

Collana

IMF Working Papers

Altri autori (Persone)

MühleisenMartin

Disciplina

338.2/72830971

Soggetti

Oil sands industry - Economic aspects - Canada

Monetary policy - Canada

Alberta energy

Barrel (unit)

Dutch disease

Economics

Economy

Exchange rate

Gross domestic product

Natural gas

Oil sands

Petroleum

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.