How to order
IMF Publications

Working Papers in full text
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 All


Other research-related activities and publications of the IMF can be found at IMF Research

Free Email Notification

Receive emails when we post new items of interest to you.

Subscribe or Modify your profile



Energy, the Exchange Rate, and the Economy: Macroeconomic Benefits of Canada's Oil Sands Production

Author/Editor: Bayoumi, Tamim | Mühleisen, Martin
Authorized for Distribution: March 1, 2006
Electronic Access: Free Full Text (PDF file size is 552KB)
Use the free Adobe Acrobat Reader to view this PDF file.
 
Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: 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.
 
Series: Working Paper No. 06/70
Subject(s): Balance of payments | Canada | Trade | Exports | Commodity prices | Exchange rates | Oil production
Author's keyword(s): Balance of payments | energy trade | exchange rate models | macroeconomic modeling | Canada
 
English  
    Published:   March 1, 2006        
    ISBN/ISSN:   0 / 1934-7073   Format:   Paper
    Stock No:   WPIEA2006070   Pages:   23
    Price:   US$15.00
       
     
Please address any questions about this title to publications@imf.org.