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:
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

MARC

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520 3 |a 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. 
588 |a Description based on online resource; title from pdf title page (IMF.org Web site, viewed July 13, 2016). 
650 0 |a Petroleum products  |x Prices.  |0 http://id.loc.gov/authorities/subjects/sh85100451 
650 0 |a Foreign exchange rates.  |0 http://id.loc.gov/authorities/subjects/sh91004893 
650 0 |a Exports.  |0 http://id.loc.gov/authorities/subjects/sh87004892 
650 0 |a Fiscal policy.  |0 http://id.loc.gov/authorities/subjects/sh85048601 
650 6 |a Produits pétroliers  |x Prix. 
650 6 |a Taux de change. 
650 6 |a Exportations. 
650 6 |a Politique fiscale. 
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650 7 |a Fiscal policy.  |2 fast  |0 (OCoLC)fst00925806 
650 7 |a Foreign exchange rates.  |2 fast  |0 (OCoLC)fst00931816 
650 7 |a Petroleum products  |x Prices.  |2 fast  |0 (OCoLC)fst01059747 
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