LEADER 04443oam  22011294  450 
001 9910788223703321
005 20230721045707.0
010   $a1-4623-6685-6
010   $a9786612844461
010   $a1-4518-7395-6
010   $a1-282-84446-6
010   $a1-4527-3189-6
035   $a(CKB)3170000000055383
035   $a(SSID)ssj0000939949
035   $a(PQKBManifestationID)11518973
035   $a(PQKBTitleCode)TC0000939949
035   $a(PQKBWorkID)10946813
035   $a(PQKB)11118811
035   $a(OCoLC)694140999
035   $a(MiAaPQ)EBC1605964
035   $a(IMF)WPIEE2009248
035   $a(EXLCZ)993170000000055383
100   $a20020129d2009      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aToday versus Tomorrow - The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income /$fAlun Thomas, Tamim Bayoumi
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a17 p. $cill
225 1 $aIMF Working Papers
300   $a"November 2009."
311   $a1-4519-1810-0 
330 3 $aThis paper applies the Permanent Income Model to the non-oil current accounts of the major oil exporters to assess the extent to which national consumption decisions in these countries are made on the basis of permanent versus current income. A test of whether the return on oil wealth and oil balance coefficients sum to unity is accepted for all specifications that adjust the return on wealth for future population changes. For oil-exporting countries outside Africa, around half of the fluctuations in the private sector non-oil balance are driven by considerations of changes in permanent income (the return on oil wealth) rather than current income. By contrast, for the public sector and African countries permanent income has little or no effect.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/248
606   $aPetroleum industry and trade$xEconometric models
606   $aBalance of payments$xEconometric models
606   $aConsumption (Economics)$xMathematical models
606   $aRevenue$xEconometric models
606   $aInvestments: Energy$2imf
606   $aExports and Imports$2imf
606   $aMacroeconomics$2imf
606   $aEnergy: General$2imf
606   $aFiscal Policy$2imf
606   $aMacroeconomics: Consumption$2imf
606   $aSaving$2imf
606   $aWealth$2imf
606   $aAggregate Factor Income Distribution$2imf
606   $aCurrent Account Adjustment$2imf
606   $aShort-term Capital Movements$2imf
606   $aInvestment & securities$2imf
606   $aInternational economics$2imf
606   $aOil$2imf
606   $aFiscal stance$2imf
606   $aConsumption$2imf
606   $aIncome$2imf
606   $aCurrent account$2imf
606   $aPetroleum industry and trade$2imf
606   $aFiscal policy$2imf
606   $aEconomics$2imf
606   $aBalance of payments$2imf
607   $aQatar$2imf
615  0$aPetroleum industry and trade$xEconometric models.
615  0$aBalance of payments$xEconometric models.
615  0$aConsumption (Economics)$xMathematical models.
615  0$aRevenue$xEconometric models.
615  7$aInvestments: Energy
615  7$aExports and Imports
615  7$aMacroeconomics
615  7$aEnergy: General
615  7$aFiscal Policy
615  7$aMacroeconomics: Consumption
615  7$aSaving
615  7$aWealth
615  7$aAggregate Factor Income Distribution
615  7$aCurrent Account Adjustment
615  7$aShort-term Capital Movements
615  7$aInvestment & securities
615  7$aInternational economics
615  7$aOil
615  7$aFiscal stance
615  7$aConsumption
615  7$aIncome
615  7$aCurrent account
615  7$aPetroleum industry and trade
615  7$aFiscal policy
615  7$aEconomics
615  7$aBalance of payments
700   $aThomas$b Alun$01098448
701   $aBayoumi$b Tamim$0122763
712 02$aInternational Monetary Fund.$bStrategy, Policy, and Review Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788223703321
996   $aToday versus Tomorrow - The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income$93741541
997   $aUNINA