Cargando…
Global imbalances and petrodollars /
Oil exporters have run large current account surpluses. We explore oil exporters' role in our understanding and the resolution of global imbalances. Current account dynamics are estimated for oil-exporting countries and the rest of the world. We find that fiscal policy has a much stronger effec...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Autores Corporativos: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, DC] :
International Monetary Fund,
©2009.
|
| Colección: | IMF working paper ;
WP/09/89. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Oil exporters have run large current account surpluses. We explore oil exporters' role in our understanding and the resolution of global imbalances. Current account dynamics are estimated for oil-exporting countries and the rest of the world. We find that fiscal policy has a much stronger effect on current account of oil exporters than on current account of other countries. The current account adjustment of oil-exporting countries is also faster than that of other countries. We conclude that a change in fiscal policy of oil exporters can have significant and speedy impact on global imbalances. |
|---|---|
| Descripción Física: | 1 online resource (25 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (pages 18-19). |
| ISBN: | 1462378986 9781462378982 1452723834 9781452723839 9786612843099 6612843098 1451872364 9781451872361 1282843095 9781282843097 |