External adjustment in oil exporters : the role of fiscal policy and the exchange rate /

External adjustment in oil exporters : the role of fiscal policy and the exchange rate /

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Bibliographic Details
Author / Creator:	Behar, Alberto, 1979- author, (IMF staff)
Imprint:	[Washington, D.C.] : International Monetary Fund, [2016] ©2016
Description:	1 online resource (45 pages) : colored illustrations.
Language:	English
Series:	IMF working paper ; WP/16/107 IMF working paper ; WP/16/107.
Subject:	Petroleum products -- Prices. Foreign exchange rates. Exports. Fiscal policy. Exports. Fiscal policy. Foreign exchange rates. Petroleum products -- Prices.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12506660

Hidden Bibliographic Details
Other authors / contributors:	Fouejieu A., Armand, author, (IMF staff) International Monetary Fund. Middle East and Central Asia Department, publisher.
ISBN:	9781484379929 1484379926
Notes:	"June 2016." At head of title: "Middle East and Central Asia Department." Includes bibliographical references (pages 42-45). Description based on online resource; title from pdf title page (IMF.org Web site, viewed July 13, 2016).
Summary:	After the decline in oil prices, many oil exporters face the need to improve their external balances. Special characteristics of oil exporters make the exchange rate an ineffective instrument for this purpose and give fiscal policy a sizeable role. These conclusions are supported by regression analysis of the determinants of the current account balance and of the trade balance. The results show little or no relationship with the exchange rate and, especially for the less diversified oil exporters (including the Gulf Cooperation Council), a strong relationship with the fiscal balance or government spending.
Other form:	Print Version: Behar, Alberto External Adjustment in Oil Exporters: The Role of Fiscal Policy and the Exchange Rate Washington, D.C. : International Monetary Fund,2016 9781484379929
Standard no.:	10.5089/9781484379929.001

Description
Summary:	After the decline in oil prices, many oil exporters face the need to improve their external balances. Special characteristics of oil exporters make the exchange rate an ineffective instrument for this purpose and give fiscal policy a sizeable role. These conclusions are supported by regression analysis of the determinants of the current account balance and of the trade balance. The results show little or no relationship with the exchange rate and, especially for the less diversified oil exporters (including the Gulf Cooperation Council), a strong relationship with the fiscal balance or government spending.
Item Description:	"June 2016." At head of title: "Middle East and Central Asia Department."
Physical Description:	1 online resource (45 pages) : colored illustrations.
Bibliography:	Includes bibliographical references (pages 42-45).
ISBN:	9781484379929 1484379926