Commonwealth Secretariat Discussion Paper

The Discussion Paper series raises awareness of topics that are of importance to Commonwealth work programmes. Discussion Papers explore an issue relating to research or programme activities and provoke debate on it. The intended readership is researchers and policy advisers.


Policy Options and Low International Oil Prices

An Assessment for Commonwealth Countries

This paper briefly discusses the macroeconomic effects of low international oil prices and places particular emphasis on the policy implications for Commonwealth countries. It draws on recent studies by the International Monetary Fund (IMF) and World Bank that discuss available policy options, and uses this to assess the efficacy of Commonwealth oil price-policy responses.


Keywords: Commonwealth, oil price, macroeconomic
JEL: Q43: Agricultural and Natural Resource Economics; Environmental and Ecological Economics / Energy / Energy and the Macroeconomy; E60: Macroeconomics and Monetary Economics / Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook / Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
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