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Winners and Losers: The Macroeconomic Effects of Falling Energy Prices

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  • Yves Jégourel

Abstract

The fall in oil prices since mid-2014 is due to the combination of excess supply and a lack of demand in a sluggish global economy. However, the price level cannot be the only variable to consider in a prospective analysis of the macroeconomic effects of this drop: futures structure and price volatility are fundamental explanatory elements.

Suggested Citation

  • Yves Jégourel, 2015. "Winners and Losers: The Macroeconomic Effects of Falling Energy Prices," Policy briefs on Commodities & Energy 1501, Policy Center for the New South.
    • Handle: RePEc:ocp:pbcoen:pb-1501
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    1. Frankel, Jeffrey A., 2010. "The Natural Resource Curse: A Survey," Scholarly Articles 4454156, Harvard Kennedy School of Government.
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