Understanding the plunge in oil prices: sources and implications published by World Bank, indicated by Bert Hofman (01/2015). “This essay presents a brief assessment of the magnitude, drivers, and implications of the recent oil proce drop. Specifically, it addresses four major questions: How does the recent declive in oil prices compare with previous episodes?; What are the causes of the sharp drop?; What are the macroeconomic and financial implications of a sustained decline in oil prices?; What are the main policy implications?”
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