A Macroeconomics Model And Stabilisation Policies For The Opec Countries

First published in 1999, this book focuses on the macroeconomics issues which directly affect OPEC countries, aiming to set them in the context of the overall development effort. The most extant theoretical and empirical aspects in macroeconomics are integrated smoothly with institutional issues and policy questions. The analysis is illustrated through examples to show how the theories relate to the real world, especially to ongoing debates on developing economies as well as debates that encompass both developing and OPEC and developed countries.

First published in 1999, this book focuses on the macroeconomics issues which directly affect OPEC countries, aiming to set them in the context of the overall development effort. The most extant theoretical and empirical aspects in macroeconomics are integrated smoothly with institutional issues and policy questions. The analysis is illustrated through examples to show how the theories relate to the real world, especially to ongoing debates on developing economies as well as debates that encompass both developing and OPEC and developed countries.

Well-considered answers to the many questions raised by the situation in Iraq, past and present, are rare. This first comprehensive, thematically organised, bibliography devoted to Iraq is based on the full Index Islamicus database and is drawn from a wide variety of European-language journals and books. Featuring an extensive introduction to the subject and its literature by Peter Sluglett, this bibliography will help readers to find their way through the massive secondary literature now available. Following the pattern established by the Index Islamicus, both journal articles and book publications are included, as well as important internet resources. The editors have taken care to add much new material to bring its coverage up to date, and supplement the previously published volumes, while the most important and/or influential publications are conveniently highlighted in the introduction. An indispensable gateway for all those with a more than superficial interest in what is, and what has been, happening in this nation so much the focus of attention today.

This updated edition develops the themes contained in the first edition, taking into account the changes that have occurred in the global economy since the turn of the millennium.

This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.