Working Papers in full text
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 |
|
|
|
|
| |
Published: |
|
March 1, 2006 |
|
|
|
|
| |
ISBN/ISSN: |
|
0 / 1934-7073 |
|
Format: |
|
Paper |
| |
Stock No: |
|
WPIEA2006070 |
|
Pages: |
|
23 |
| |
Price: |
|
US$15.00
|
|
|
|
|
|
|
