Energy, the exchange rate, and the economy : macroeconomic benefits of Canada's oil sands production /

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 influ...

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Online Access: Full text (MCPHS users only)
Main Authors: Bayoumi, Tamim A. (Author), Mühleisen, Martin (Author)
Corporate Author: International Monetary Fund
Format: Electronic eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006
Series:IMF working paper ; WP/06/70.
Subjects:
Local Note:ProQuest Ebook Central

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100 1 |a Bayoumi, Tamim A.,  |e author. 
245 1 0 |a Energy, the exchange rate, and the economy :  |b macroeconomic benefits of Canada's oil sands production /  |c Tamim Bayoumi and Martin Mühleisen. 
260 |a Washington, D.C. :  |b International Monetary Fund,  |c 2006  |e (Saint-Lazare, Quebec :  |f Gibson Library Connections,  |g 2008) 
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500 |a "March 2006." 
504 |a Includes bibliographical references (pages 20-21). 
505 0 |a 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 
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520 |a 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. 
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650 0 |a Oil sands industry  |x Economic aspects  |z Canada. 
650 0 |a Monetary policy  |z Canada. 
650 0 |a Balance of payments  |z Canada  |x Econometric models. 
700 1 |a Mühleisen, Martin,  |e author. 
710 2 |a International Monetary Fund. 
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