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Global Economy (Obstfeld et al.)

Oil prices and the global economy: It’s complicated by Maurice Obstfeld, Gian Maria Milesi-Ferretti and Rabah Arezki published by IMF (3/2016). “…We argue that, paradoxically, global benefits from low prices will likely appear only after prices have recovered somewhat, and advanced economies have made more progress surmounting the current low interest rate environment.”

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