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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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Arezki, Rabah (Autor), Hasanov, Fuad, 1978- (Autor)
Autores Corporativos: International Monetary Fund, International Monetary Fund. Middle East and Central Asia Department
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

MARC

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100 1 |a Arezki, Rabah,  |e author. 
245 1 0 |a Global imbalances and petrodollars /  |c prepared by Rabah Arezki and Fuad Hasanov. 
260 |a [Washington, DC] :  |b International Monetary Fund,  |c ©2009. 
300 |a 1 online resource (25 pages) :  |b color illustrations 
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490 1 |a IMF working paper ;  |v WP/09/89 
504 |a Includes bibliographical references (pages 18-19). 
588 0 |a Print version record. 
520 |a 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. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2011.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2011  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
505 0 |a I. Introduction; Figures; 1. Evolution of Current Account; II. The Global Imbalances Debate; III. Empirical Investigation; A. Stylized Facts; 2. Evolution of Oil Exporters' Current Account and Fiscal Balance: Twin Surpluses; 3. Evolution of Fiscal Balance; 4. NFA, Current Account, and Spending in Oil-Exporting Countries; B. Empirical Specification, Data, and Estimators; 5. Fiscal Balance, Revenues, and Spending in Oil-Exporting Countries; C. Estimation Results; Tables; 1. Current Account Estimations (1980-2007, Annual); D. Robustness 
505 8 |a 2. Current Account Estimations: Oil Exporters, GMM (1980-2007, Annual)3. Current Account Estimations (1980-2007, 4-year average); IV. Concluding Remarks; References; Appendices; I. Data Description and Sources; II. GMM Estimators; Appendix III Tables; A1. Current Account Estimations: Total Sample (With Outliers, 1980-2007, Annual); A2. Current Account Estimations: Oil Exporters, Pooled OLS (1980-2007, Annual); A3. Current Account Estimations: Oil Exporters, FE (1980-2007, Annual) 
546 |a English. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Petroleum products  |x Prices. 
650 0 |a Balance of trade. 
650 6 |a Produits pétroliers  |x Prix. 
650 6 |a Balance commerciale. 
650 7 |a Balance of trade  |2 fast 
650 7 |a Petroleum products  |x Prices  |2 fast 
650 7 |a Leistungsbilanz.  |2 stw 
650 7 |a Zahlungsbilanzungleichgewicht.  |2 stw 
650 7 |a Finanzpolitik.  |2 stw 
650 7 |a Erdöl.  |2 stw 
650 7 |a Export.  |2 stw 
650 7 |a Welt.  |2 stw 
700 1 |a Hasanov, Fuad,  |d 1978-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjF3TMt67TCBkTCHpYFqcP 
710 2 |a International Monetary Fund. 
710 2 |a International Monetary Fund.  |b Middle East and Central Asia Department. 
776 0 8 |i Print version:  |a Arezki, Rabah.  |t Global imbalances and petrodollars.  |d [Washington, DC] : International Monetary Fund, ©2009  |w (OCoLC)528844777 
830 0 |a IMF working paper ;  |v WP/09/89. 
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