With the benefit of hindsight, this paper provides a fresh and comprehensive look at the causes of the 2014-16 collapse in oil prices and its impact on the global economy. It disentangles the contribution of supply and demand factors, assesses the impact on activity in oil exporters and oil importers, and reviews policy responses in these countries. The main conclusions are: (i) the decline in oil prices was predominantly triggered by supply factors...
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INFORMATION
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2018/04/30
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Document de travail de recherche sur les politiques
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WPS8419
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1
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1
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2018/04/27
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Disclosed
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The 2014-16 oil price collapse in retrospect : sources and implications
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oil price
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