The impact of Hurricane Ida continued to be a drag on industrial production in September, accounting for a significant drop not only in mining but also in manufacturing output. Overall industrial production fell by 1.3% in September compared to August, with 0.6 percentage points of the drop resulting ... READ MORE >
supply shock
Oil prices show unprecedented volatility in 2020, and a path to recovery remains uncertain
The unprecedented imbalance the oil market has experienced for much of 2020 has garnered extraordinary responses from both oil producers and policymakers. Oil and gas companies have been forced to reposition themselves during the downturn in order to prepare for a comeback. Oil prices in the first half ... READ MORE >
Dealing with disruptions: Policy options for addressing exogenous shocks
The economic disruption caused by the outbreak of the coronavirus will be sharp and likely to linger for some time. The price war that has broken out between the Saudis and Russians in oil markets brings a new, more difficult policy twist to the crisis. It all adds up to a series of supply, demand and ... READ MORE >