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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Arezki, Rabah
Weitere Verfasser: Ramey, Valerie, Sheng, Liugang
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2015.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2015/209
Online Zugang:Full text available on IMF