The purpose of this paper is to investigate the stability properties of a non-titonnement price and a monetary adjustment mechanism involving two countries: one oil-exporting and one oil-importing. Its distinguishing characteristic is that it brings together some elements of the theory of exhaustible resources and the modern balance-of-payments theory using a Bicksian, temporary equilibrium framework.
OIES's @thierry_bros quoted in French @RFI on Australia LNG issues: higher domestic gas prices, much lower taxes th… https://t.co/2Dh5GtUZP5
Oil price paths under different OPEC scenarios: A cautious approach in which OPEC increases production in July 2018… https://t.co/sNYN6JrYoM
New OIES paper on OPEC choices and policies: For OPEC future oil demand growth (especially in 2019) hinges on outco… https://t.co/d9hpMtr0YW