Today versus Tomorrow : The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income /

This paper applies the Permanent Income Model to the non-oil current accounts of the major oil exporters to assess the extent to which national consumption decisions in these countries are made on the basis of permanent versus current income. A test of whether the return on oil wealth and oil balanc...

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Bibliografski detalji
Glavni autor: Thomas, Alun
Daljnji autori: Bayoumi, Tamim
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2009.
Serija:IMF Working Papers; Working Paper ; No. 2009/248
Online pristup:Full text available on IMF