Publication: Oil Price Risks
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2008-06
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2012-08-13
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Oil prices more than tripled between January 2004 and March 2008. The effects can be hard on countries with large net oil imports relative to income. This note sets out a measure of vulnerability to oil price shocks and breaks it down into its components. That allows cross-country benchmarking and helps to show how changes in such factors as energy efficiency and the real exchange rate can make countries more vulnerable or less so.
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“Bacon, Robert; Kojima, Masami. 2008. Oil Price Risks. Viewpoint: Public Policy for the Private Sector; Note No. 320. © World Bank. http://hdl.handle.net/10986/11151 License: CC BY 3.0 IGO.”
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