scholarly journals Can the COVID-19 pandemic and oil prices drive the US Partisan Conflict Index?

2020 ◽  
Author(s):  
Emmanuel Apergis ◽  
Nicholas Apergis
Keyword(s):  
Oil Prices ◽  
The Us ◽  
Partisan Conflict

The 1970s Fiscal Squeeze

2017 ◽  
Author(s):  
Christopher Hood ◽  
Rozana Himaz
Keyword(s):  
Trade Union ◽  
Sharp Increase ◽  
Currency Crisis ◽  
Public Spending ◽  
Oil Prices ◽  
Labour Government ◽  
The Us ◽  
Us Government ◽  
Double Digit ◽  
New System

This chapter describes fiscal squeeze in an era of high political volatility and major economic challenges, including mass unemployment, a sharp increase in oil prices, double-digit inflation (i.e. a period of ‘stagflation’), and high levels of trade union militancy. The most dramatic period during the episode occurred in 1976, involving a split Labour Government under two different leaders, with a leadership election following a sudden prime ministerial resignation. That government pursued fiscal squeeze against the background of a deep currency crisis and bailout deals with outside lenders (the US Government and the IMF). The squeeze episode also led to some important institutional developments, producing the first major privatization since the 1950s and a new system of controlling public spending through ‘cash limits’.

US partisan conflict uncertainty and oil prices

Energy Policy ◽  
2021 ◽  
Vol 150 ◽  
pp. 112118
Author(s):  
Nicholas Apergis ◽  
Tasawar Hayat ◽  
Tareq Saeed
Keyword(s):  
Oil Prices ◽  
Partisan Conflict

Energy outlook for the Arctic: 2020 and beyond

Polar Record ◽  
2015 ◽  
Vol 52 (2) ◽  
pp. 170-175 ◽  
Author(s):  
Graça Ermida
Keyword(s):  
Oil And Gas ◽  
Oil Prices ◽  
The Arctic ◽  
Hydrocarbon Production ◽  
Arctic Circle ◽  
The Us ◽  
Energy Issues

ABSTRACTAt least four littoral countries have Arctic strategies that address energy issues. However, US, Canada, Russia and Norway strategies up to 2020 and beyond, reveal different interests in exploring Arctic resources. While Arctic oil and gas are of strategic importance to Russia and to Norway, Canada and the US seem content with continuing their current extraction predominantly south of the Arctic Circle. Despite the different approaches, the outcomes seem strangely similar. Indeed, despite the hype concerning the Arctic in the last decade, and for very diverse reasons, it is unlikely that any of these four countries will increase hydrocarbon production in the Arctic during the period under analysis. This was true even before the recent drop in oil prices. For all its potential, it is unclear what lies ahead for the region.

Chapter II. The World Economy

1986 ◽  
Vol 117 ◽  
pp. 20-29
Keyword(s):  
Interest Rates ◽  
World Economy ◽  
Oil Prices ◽  
Final Demand ◽  
Total Output ◽  
Cold Winter ◽  
The Us ◽  
The World ◽  
Initial Effect ◽  
Small Rise

Fuller data confirm the impression which we formed in May that OECD countries' total output did not change much in the first quarter. It probably increased by about ¼ per cent, with even this small rise attributable wholly to stock movements in the US. Final demand in the US fell and there were declines in total output in a number of countries, including Japan, Germany, Australia, the Netherlands, Switzerland and possibly Italy (for which there are conflicting estimates), white France achieved only marginal growth. The fall was notably severe in Germany, where construction suffered badly in the cold winter. This probably had a wider impact also, and, in North America at least, the initial effect of the slump in oil prices seems to have been depressive, with drilling activity sharply reduced, especially in the US. There may also have been a tendency for expenditure, perhaps on investment in particular, to be deferred in the expectation of falling prices and interest rates.

Exploring the inflationary effect of oil price in the US

2019 ◽  
Vol 13 (1) ◽  
pp. 60-76 ◽  
Author(s):  
Amine Lahiani
Keyword(s):  
Growth Rate ◽  
Structural Breaks ◽  
Oil Prices ◽  
Oil Price ◽  
Inflation Expectations ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Content Type ◽  
The Us ◽  
The Relationship

PurposeThe purpose of this paper is to explore the effect of oil price shocks on the US Consumer Price Index over the monthly period from 1876:01 to 2014:04.Design/methodology/approachThe author uses the Bai and Perron (2003) structural break test to split the data sample into sub-periods delimited by the computed break dates. Afterwards, the author uses the quantile treatment effects over the full sample and then, by including sub-periods dummies to accommodate the selected structural breaks that drive the relationship between inflation and oil price growth.FindingsThe findings include a decreased transmission effect of oil price changes on inflation in recent years; a varied elasticity of inflation to the growth rate of oil prices across the distribution; and, finally, evidence of asymmetry in the relationship between the growth rate of oil prices and inflation, with a higher transmission mechanism for decreasing rather than increasing oil prices.Practical implicationsPolicymakers should remain alert to monitoring potential inflation increases and should take precautionary measures to anchor inflation expectations, because inflation reacts differently to positive and negative oil price shocks. Moreover, authorities should consider the asymmetric reaction of inflation to oil price shocks to adopt an appropriate monetary policy strategy to achieve the price stability target.Originality/valueThe paper used a quantile regression model with structural breaks, which has not yet been used in the literature.

Links between Domestic and Regional Security

2018 ◽  
pp. 23-42
Author(s):  
Kristian Coates Ulrichsen
Keyword(s):  
Identity Politics ◽  
Persian Gulf ◽  
Oil Prices ◽  
Regional Security ◽  
Fiscal Stress ◽  
Policy Responses ◽  
The Us ◽  
Other World ◽  
The Persian Gulf ◽  
The Arab Spring

This chapter examines the myriad linkages between domestic and regional security and how these are evolving across the Persian Gulf. The Persian Gulf noticeably did not share in the evolution of security structures that took place in other world regions such as Eastern Europe or Latin America during the 1980s and 1990s. Instead, the fallout from the US-led invasion and occupation of Iraq in 2003 and policy responses to the Arab Spring in 2011 led to the growth of what Kristian Coates Ulrichsen labels a “geopolitical straitjacket” that contributed to the rise of sectarian identity politics and the emergence of the dangerous new threat from ISIS. Coates Ulrichsen details the policy dilemmas that ISIS presents to policymakers in GCC states who face the additional pressure of having to take sensitive decisions against the backdrop of a potentially prolonged period of low oil prices and fiscal stress.

Oil prices and the US macroeconomy

2016 ◽  
Vol 6 (4) ◽  
pp. 272
Author(s):  
Oluwagbemiga A. Ojumu ◽  
Emmanuel U. Opara
Keyword(s):  
Oil Prices ◽  
The Us

The relative attractiveness of US LNG exports—is the threat to Australian projects real?

2015 ◽  
Vol 55 (2) ◽  
pp. 420
Author(s):  
Vivek Chandra
Keyword(s):  
Gulf Coast ◽  
Capital Expenditure ◽  
Low Cost ◽  
Market Price ◽  
Oil Prices ◽  
Unit Costs ◽  
Sales Contracts ◽  
The Us ◽  
Relative Attractiveness ◽  
High Feed

The competitiveness of Australian LNG projects against US projects has been a subject of much debate; however, as oil prices have fallen since mid-2014, the debate has shifted from the relative commercial terms of the LNG sales contracts to the relative cost of supply. Falling oil prices have decreased the price of LNG in the traditionally oil-linked price markets of Asia. A lower cost of LNG will increase the demand for gas, especially in the power generation sector. New gas supplies would be required to meet increased demand, but the new supply must be at a competitive cost. The market price will be set by the marginal cost of incremental supply. Legacy projects in Southeast Asia, the Middle East and Australia are unable to increase their volumes. The only other source of incremental supply that can profitably sell at these lower prices are new projects in the US Gulf Coast. Australian greenfield projects will not be able to sell at these prices as they suffer from high capital expenditure (capex), high feed gas prices and high operating costs. In contrast, US Gulf Coast LNG projects are being constructed at significantly lower unit costs, have access to massive low-cost shale gas volumes and will operate at low costs using standard technology. These projects are ideally placed to operate in the lower priced environment, irrespective of the LNG sales contracts’ commercial terms.

Sign in / Sign up

Export Citation Format

Share Document