Publications /
Policy Brief

Back
Download PDF
Policy Response to the Plunge in Oil Prices
Authors
Uri Dadush
March 20, 2015
Related topics: 

The plunge in oil prices will only stimulate global and national aggregate demand if it is passed through to consumers. However, pass-through may be limited this time because of fiscal constraints, environmental concerns, and the need to rein in wasteful and regressive energy subsidies. Oligopolies may also appropriate a disproportionate share of the rents. The best course is to maintain high oil product prices at home by reducing energy subsidies or increasing taxes while temporarily raising income transfers to households.

RELATED CONTENT

  • Dialogues Stratégiques Volume XIV: Le retour des conflits de haute intensité - La nouvelle donne sécuritaire au Sahel
    Authors
    Abdelhak Bassou
    Pascal Chaigneau
    Nihal Aïcha El Mquirmi
    Jacques Gravereau
    Sonia Le Gouriellec
    Mohammed Loulichki
    Jamal Machrouh
    Philippe Migaux
    Agnès Mikita
    Sara Hasnaa Mokaddem
    Alain Oudot de Dainville
    Olivier Tramond
    Sâ Benjamin Traoré
    October 26, 2023
    Les Dialogues Stratégiques, une collaboration entre HEC Center for Geopolitics et Policy Center fort he New South, représentent une plateforme d'analyse et d'échange biannuelle réunissant des experts, des praticiens, des décideurs politiques, ainsi que el monde universitaire et les médias au service d'une réflexion critique et approfondie sur les tendances politiques mondiales et sur une problématique d'intérêt régional, d'importance commune à al fois pour l'Europe et l'Afrique. Ce ...
  • Download PDF
    The Brazilian Economy’s Double Disease*
    Authors
    Otaviano Canuto
    October 26, 2023
    The Brazilian economy is stuck in a so-called middle-income trap—growth that stalled long before Brazil caught up with the living standards of the highly industrialized countries. After exhibiting a stellar performance in the decades before the 1980s, the economy has since been unable to sustain growth for long periods. The predicament can be summarized using a medical analogy: Brazil has been suffering from both productivity anemia and public sector bloat. On the one hand, it hasn ...
  • Maroc et Afrique : Une Symphonie Culturelle en Mouvement - Mohamed Rachdi
    October 26, 2023
    Dans cette interview, nous avons l'honneur de discuter avec M. Mohamed Rachdi, un critique d'art et commissaire d'exposition renommé, qui est également enseignant-chercheur en Art et Sciences de l'Art. Nous aborderons plusieurs questions cruciales liées à l'influence africaine dans les ...
  • EU-Africa Relations: Energy and the Green Transition in an Era of Crises A New Model of Cooperation
    Authors
    Len Ishmael
    October 25, 2023
    This report was originally published on hss.de   This report presents an analysis and recommendations regarding EU-Africa relations with a focus on the green transition and energy, the first priority area of the EU’s Comprehensive Strategy with Africa. It aims at identifying the areas in climate and energy policy in which jointly owned cooperation is possible, and how the partnership, ultimately, can unlock mutual benefits. Specifically, the report examines global challenges prese ...
  • حديث الثلاثاء : الجنوب ومستقبل الدراسات الاستشرافية في زمن الذكاء الاصطناعي
    October 24, 2023
    لقد ظلت سيناريوهات المستقبل والدراسات المستقبلية لفترة طويلة جدًا، بعيدة عن قائمة القضايا المتعلقة بأفريقيا، والآن أصبح من الواضح أكثر فأكثر أن مستقبل كوكبنا يتم صناعته في أفريقيا  بشكل متزايد، سواء كان المرء يتعامل مع إشكاليات الأزمات البيئية وتغير المناخ واللاجئين والطاقة المتجددة وما...
  • Download PDF
    The New South in a Multipolar World Multi-Alignment or Fence Sitting?
    Authors
    Len Ishmael
    October 23, 2023
    Like many countries of the Global South, South Africa espouses an independent, non-aligned approach to foreign policy. This approach has been criticized during the ongoing Russia-Ukraine war as a superficial excuse to be ‘soft’ on Russia. Deeper reflection and analysis however, points to a finely calibrated multi-alignment strategy, which allows South Africa to secure its national interests while carefully balancing relations with the United States (U.S.), European Union (EU) and ot ...
  • Despair at the Door: Europe's Difficult Response to the Enduring Migration Crisis
    Authors
    Helmut Sorge
    October 19, 2023
    The headline itself was not surprising: ”Egyptians face peril at sea in dangerous new Exodus to  Europe”. The path, from hidden Egyptian ports to a neighboring Libyan landing spot and then to the Italian coast, has been tempting thousand Egyptians years ago, but recently, and apparently ever since, reported Ruth Michaelson in the British “Guardian” (December 18, 2022), the escape route has been “resurrected”, more than 20,000 Egyptians arrived last year in Italy via Libya, about thr ...