Sentences with phrase «large oil price shocks»

August 30, 2016 — The effects of large oil price shocks on the Canadian economy are complex, as is the best response of monetary policy, but getting it wrong can be very costly, according to a new...

Not exact matches

«So paradoxically these peak demand fears might bring the largest supply shock ever,» he wrote, adding, «If oil prices do not rise fast enough, $ 300 oil in a few years is not impossible».

Probably the most famous example of a large, negative terms of trade shock is the United States after the oil price spike in 1973:

In a separate note, TD Securities» chief Canada macro strategist David Tulk said forecasters have underestimated the impact of the oil price decline on the Canadian economy, calling the shock «longer - lived and larger» than expected.

Only in the event of a large supply shock (such as the oil price shocks of the 1970s) might any difference in response across the different frameworks become apparent.

Angola is Africa's second - largest oil producer behind Nigeria, and like its West African counterpart, where the slump in oil prices forced a reconsideration of its dependence on oil, Angola now faces the challenge of having to restructure its economy to reduce its vulnerability to oil shocks.

In early 2015, for example, ToTEM was showing how the oil price shock would play out and the downside risk to projected inflation became unacceptably large.