Current Account and Precautionary Savings for Exporters of Exhaustible Resources

Current Account and Precautionary Savings for Exporters of Exhaustible Resources
Exporters of exhaustible resources have historically exhibited higher income volatility than other economies, suggesting a heightened role for precautionary savings. This paper uses a parameterized small open economy model to quantify the role of precautionary savings in economies with exhaustible resources, when the only source of uncertainty... READ MORE...

Publication date: February 2009
ISBN 9781451871807
$18.00

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