News Shocks in Open Economies : Evidence from Giant Oil Discoveries /

This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output ? the delay between a discovery and production is on average 4 to 6 years. We first present...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Arezki, Rabah
Awduron Eraill: Ramey, Valerie, Sheng, Liugang
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2015.
Cyfres:IMF Working Papers; Working Paper ; No. 2015/209
Mynediad Ar-lein:Full text available on IMF