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...

Полное описание

Библиографические подробности
Главный автор: Arezki, Rabah
Другие авторы: Ramey, Valerie, Sheng, Liugang
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2015.
Серии:IMF Working Papers; Working Paper ; No. 2015/209
Online-ссылка:Full text available on IMF