{"id":"https://openalex.org/W2269596135","doi":"https://doi.org/10.5089/9781513532417.006","title":"Global Implications of Lower Oil Prices","display_name":"Global Implications of Lower Oil Prices","publication_year":2015,"publication_date":"2015-07-01","ids":{"openalex":"https://openalex.org/W2269596135","doi":"https://doi.org/10.5089/9781513532417.006","mag":"2269596135"},"language":"en","primary_location":{"id":"doi:10.5089/9781513532417.006","doi":"https://doi.org/10.5089/9781513532417.006","is_oa":false,"landing_page_url":"https://doi.org/10.5089/9781513532417.006","pdf_url":null,"source":{"id":"https://openalex.org/S4210231734","display_name":"IMF staff discussion note","issn_l":"2221-030X","issn":["2221-030X","2617-6750"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Staff Discussion Notes","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5073513321","display_name":"Aasim M. Husain","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Aasim Husain","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5036651435","display_name":"Rabah Arezki","orcid":"https://orcid.org/0000-0003-4214-1306","observed_orcids":["https://orcid.org/0000-0003-4214-1306"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Rabah Arezki","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":null,"display_name":"Peter Breuer","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Peter Breuer","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5009407626","display_name":"Vikram Haksar","orcid":"https://orcid.org/0000-0003-1283-2106","observed_orcids":["https://orcid.org/0000-0003-1283-2106"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"V. Haksar","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-1283-2106","affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5084303702","display_name":"Thomas Helbling","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Thomas Helbling","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5069442888","display_name":"Paulo A. Medas","orcid":"https://orcid.org/0000-0002-1378-1534","observed_orcids":["https://orcid.org/0000-0002-1378-1534"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Paulo Medas","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-1378-1534","affiliations":[]},{"author_position":"last","author":{"id":null,"display_name":"Martin Sommer","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Martin Sommer","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":51.3705,"has_fulltext":false,"cited_by_count":116,"citation_normalized_percentile":{"value":0.99831884,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":100},"biblio":{"volume":"2015","issue":"015","first_page":"1","last_page":"1"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/oil-price-decline","display_name":"oil price decline","score":0.8349999785423279},{"id":"https://openalex.org/keywords/oil-supply","display_name":"oil supply","score":0.5879999995231628},{"id":"https://openalex.org/keywords/oil-demand","display_name":"oil demand","score":0.9279999732971191},{"id":"https://openalex.org/keywords/global-economic-growth","display_name":"global economic growth","score":0.8230000138282776},{"id":"https://openalex.org/keywords/financial-stress","display_name":"financial stress","score":0.7860000133514404},{"id":"https://openalex.org/keywords/terms-of-trade","display_name":"terms of trade","score":0.9959999918937683},{"id":"https://openalex.org/keywords/fiscal-vulnerability","display_name":"fiscal vulnerability","score":0.871999979019165},{"id":"https://openalex.org/keywords/external-vulnerability","display_name":"external vulnerability","score":0.9729999899864197},{"id":"https://openalex.org/keywords/economic-policy-response","display_name":"economic policy response","score":0.5270000100135803}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6771275997161865},{"id":"https://openalex.org/C2984556133","wikidata":"https://www.wikidata.org/wiki/Q297279","display_name":"Oil price","level":2,"score":0.6702243089675903},{"id":"https://openalex.org/C2993360226","wikidata":"https://www.wikidata.org/wiki/Q912281","display_name":"Oil supply","level":2,"score":0.6457445025444031},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.581295907497406},{"id":"https://openalex.org/C198082294","wikidata":"https://www.wikidata.org/wiki/Q3399648","display_name":"Position (finance)","level":2,"score":0.5262376666069031},{"id":"https://openalex.org/C2781345722","wikidata":"https://www.wikidata.org/wiki/Q5308388","display_name":"Drop (telecommunication)","level":2,"score":0.5024027824401855},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.38167816400527954},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1187526285648346},{"id":"https://openalex.org/C78762247","wikidata":"https://www.wikidata.org/wiki/Q1273174","display_name":"Petroleum engineering","level":1,"score":0.0904054343700409},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.07638493180274963},{"id":"https://openalex.org/C76155785","wikidata":"https://www.wikidata.org/wiki/Q418","display_name":"Telecommunications","level":1,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.5089/9781513532417.006","doi":"https://doi.org/10.5089/9781513532417.006","is_oa":false,"landing_page_url":"https://doi.org/10.5089/9781513532417.006","pdf_url":null,"source":{"id":"https://openalex.org/S4210231734","display_name":"IMF staff discussion note","issn_l":"2221-030X","issn":["2221-030X","2617-6750"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Staff Discussion Notes","raw_type":"journal-article"},{"id":"mag:2954747502","doi":null,"is_oa":false,"landing_page_url":"https://www.imf.org/-/media/Websites/IMF/imported-full-text-pdf/external/pubs/ft/sdn/2015/_sdn1515.ashx","pdf_url":null,"source":{"id":"https://openalex.org/S4210231734","display_name":"IMF staff discussion note","issn_l":"2221-030X","issn":["2221-030X","2617-6750"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4310316166","host_organization_name":"International Monetary Fund","host_organization_lineage":["https://openalex.org/P4310316166","https://openalex.org/P4310321776"],"host_organization_lineage_names":["International Monetary Fund","United Nations"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"IMF Staff Discussion Notes","raw_type":null},{"id":"mag:3121797709","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/paper/imfimfsdn/15_2f15.htm","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:imf:imfsdn:2015/015","doi":null,"is_oa":false,"landing_page_url":"http://www.imf.org/external/pubs/cat/longres.aspx?sk=43052","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:aleph.bib-bvb.de:BVB01-033735053","doi":null,"is_oa":false,"landing_page_url":"http://www.elibrary.imf.org/view/IMF006/22649-9781513532417/22649-9781513532417/22649-9781513532417.xml","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},{"id":"mag:2269596135","doi":null,"is_oa":false,"landing_page_url":"https://www.elibrary.imf.org/doc/IMF006/22649-9781513532417/22649-9781513532417/Other_formats/Source_PDF/22649-9781513507132.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.48510000109672546,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"sustainable_development_goals_aurora":[{"score":0.49000000953674316,"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":5,"referenced_works":["https://openalex.org/W2145998903","https://openalex.org/W2177580226","https://openalex.org/W2955985366","https://openalex.org/W3184178316","https://openalex.org/W4250465716"],"related_works":["https://openalex.org/W294869483","https://openalex.org/W2145498482","https://openalex.org/W2787508461","https://openalex.org/W6991733909","https://openalex.org/W2799785661","https://openalex.org/W3028695305","https://openalex.org/W3045740975","https://openalex.org/W2748320310","https://openalex.org/W2539172546","https://openalex.org/W2904119610"],"abstract_inverted_index":{"The":[0,19],"sharp":[1,72],"drop":[2,75],"in":[3,35],"oil":[4,38,64,73],"prices":[5,65],"is":[6,49,59],"one":[7],"of":[8,45],"the":[9,16,37,46,54,71,88],"most":[10],"important":[11],"global":[12,68],"economic":[13],"developments":[14],"over":[15],"past":[17],"year.":[18],"SDN":[20],"finds":[21],"that":[22],"(i)":[23],"supply":[24],"factors":[25,34],"have":[26],"played":[27],"a":[28,42],"somewhat":[29],"larger":[30],"role":[31],"than":[32],"demand":[33],"driving":[36],"price":[39,47,74],"drop,":[40],"(ii)":[41],"substantial":[43],"part":[44],"decline":[48],"expected":[50],"to":[51],"persist":[52],"into":[53],"medium":[55],"term,":[56],"although":[57],"there":[58],"large":[60],"uncertainty,":[61],"(iii)":[62],"lower":[63],"will":[66],"support":[67],"growth,":[69],"(iv)":[70],"could":[76],"still":[77],"trigger":[78],"financial":[79],"strains,":[80],"and":[81,92,95],"(v)":[82],"policy":[83],"responses":[84],"should":[85],"depend":[86],"on":[87],"terms-of-trade":[89],"impact,":[90],"fiscal":[91],"external":[93],"vulnerabilities,":[94],"domestic":[96],"cyclical":[97],"position.":[98]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":10},{"year":2020,"cited_by_count":12},{"year":2019,"cited_by_count":13},{"year":2018,"cited_by_count":23},{"year":2017,"cited_by_count":25},{"year":2016,"cited_by_count":13},{"year":2015,"cited_by_count":3}],"updated_date":"2026-10-31T12:09:11.096373","created_date":"2016-06-24T00:00:00"}