Global Imbalances and Petrodollars

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 effect on current account of oil exporters than on... READ MORE...

Publication date: April 2009
ISBN 9781451872361
$18.00

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