News Shocks in Open Economies : Evidence from Giant Oil Discoveries ePub (Adobe DRM) download by Rabah Arezki

News Shocks in Open Economies : Evidence from Giant Oil Discoveries

INTERNATIONAL MONETARY FUND
Publication date: September 2015
ISBN: 9781513590769
Digital Book format: ePub (Adobe DRM)

Buy ePub

List price:
$9.00
Our price:
$6.99

You save: $2.01 (22%)
This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output ? the delay between a discovery and production is on average 4 to 6 years. We first present a two-sector small open economy model in order to predict the responses of macroeconomic aggregates to news of an oil discovery. We then estimate the effects of giant oil discoveries on a large panel of countries. Our empirical estimates are consistent with the predictions of the model. After an oil discovery, the current account and saving rate decline for the first 5 years and then rise sharply during the ensuing years. Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years. Employment rates fall slightly for a sustained period of time.
Please sign in to review this product.
Devices:
News Shocks in Open Economies: Evidence from Giant Oil Discoveries ePub (Adobe DRM) can be read on any device that can open ePub (Adobe DRM) files.

File Size:
3292 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.
News Shocks in Open Economies : Evidence from Giant Oil Discoveries ePub (Adobe DRM) download by Rabah Arezki
INTERNATIONAL MONETARY FUND, September 2015
ISBN: 9781513590769
EAN:  9781513590769
ePub (Adobe DRM)
List Price: $9.00 eBook price: $6.99
News Shocks in Open Economies : Evidence from Giant Oil Discoveries PDF (Adobe DRM) download by Rabah Arezki
INTERNATIONAL MONETARY FUND, September 2015
ISBN: 9781513570310
EAN:  9781513570310
PDF (Adobe DRM)
List Price: $18.00 eBook price: $13.99
Other books by Rabah Arezki
Testing the Prebisch-Singer Hypothesis since 1650: Evidence from Panel Techniques that Allow for Multiple Breaks ePub (Adobe DRM) download by Rabah Arezki
Testing the Prebisch-Singer Hypothesis Since 1650: Evidence from Panel Techniques That Allow for Multiple Breaks
Rabah Arezki & Kaddour Hadri
INTERNATIONAL MONETARY FUND, August 2013
ISBN: 9781484341155
Format: ePub
List Price: $9.00 Our price: $6.99
Commodity Price Volatility and Inclusive Growth in Low-Income Countries ePub (Adobe DRM) download by Rabah Arezki
Commodity Price Volatility and Inclusive Growth in Low-Income Countries
Rabah Arezki & Rabah MR Arezki & Catherine A. Pattillo
INTERNATIONAL MONETARY FUND, October 2012
ISBN: 9781616353797
Format: ePub
List Price: $17.50 Our price: $13.99
Beyond the Curse: Policies to Harness the Power of Natural Resources ePub (Adobe DRM) download by Rabah Arezki
Beyond the Curse: Policies to Harness the Power of Natural Resources
Rabah Arezki
INTERNATIONAL MONETARY FUND, October 2011
ISBN: 9781616351458
Format: ePub
List Price: $35.00 Our price: $30.99
Global Imbalances and Petrodollars PDF (Adobe DRM) download by Rabah Arezki
Global Imbalances and Petrodollars
Rabah Arezki & Fuad Hasanov
INTERNATIONAL MONETARY FUND, July 2005
ISBN: 9781451872361
Format: PDF
List Price: $18.00 Our price: $13.99