External Adjustment in Oil Exporters : The Role of Fiscal Policy and the Exchange Rate /
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 analy...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2016.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2016/107 |
| Acesso em linha: | Full text available on IMF |