The Unassuming Economist

• The Peterson Institute released a study today that concludes that “while substantial, the forecasted long-term economic benefits [of the unconventional energy boom] are more modest than in many other analyses.” The boom is expected “to transform a handful of specific industries and regional economies, but there is unlikely to be an energy-caused broad-based economic renaissance. The US economy … is too large and diverse to be driven by the energy supply changes alone.” 

• At the recent American Economic Association meetings in Philadelphia, IHS/CERA presented their estimates of the economic impacts of the energy boom, which suggest much more substantial impacts. 

The IMF’s estimates suggest modest impacts. Here’s a cheat sheet to the IMF’s analysis and here’s the full-blown study.