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The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States, Benjamin Hunt, Dirk Muir, Martin Sommer

This paper uses two of the IMF's structural macroeconomic models to estimate the potential global impact of the boom in unconventional oil and natural gas in the United States. The results suggest that the impact on the level of U.S. real GDP over roughly the next decade could be significant, but modest, ranging between 1 and 1½ percent. Further, while the impact on the U.S. energy trade balance will be large, most results suggest that its impact on the overall U.S. current account will be negligible. The impact outside of the United States will be modestly positive on average, but most countries dependent on energy exports will be affected adversely
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; Figures; I. Introduction; Figure 1: Crude Oil and Natural Gas Production; Figure 2: U.S. Energy Production Forecasts by the EIA; III. Summary of the Macroeconomic Models; A. The Common Features of GEM and GIMF; B. The Key Differences between GEM and GIMF; C. Implications of the Models' Differences for Analysis of U.S. Unconventional Energy; IV. Simulation Analysis; A. Fully Anticipated Move to Self Sufficiency; Figure 3: United States Fully Anticipated Move to Energy Self Sufficiency; B. Unanticipated Move to Self Sufficiency
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (46 p.)
Specific Material Designation
Form Of Item

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