Global Imbalances and Petrodollars / / Fuad Hasanov, Rabah Arezki
(Visualizza in formato marc)
(Visualizza in BIBFRAME)
| Autore: |
Hasanov Fuad
|
| Titolo: |
Global Imbalances and Petrodollars / / Fuad Hasanov, Rabah Arezki
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (27 p.) |
| Disciplina: | 382.17 |
| Soggetto topico: | Financial crises |
| Regional economic disparities | |
| Investments: Energy | |
| Exports and Imports | |
| Macroeconomics | |
| Current Account Adjustment | |
| Short-term Capital Movements | |
| Energy: General | |
| Energy: Demand and Supply | |
| Prices | |
| Fiscal Policy | |
| Empirical Studies of Trade | |
| International economics | |
| Investment & securities | |
| Current account | |
| Oil | |
| Oil prices | |
| Fiscal stance | |
| Terms of trade | |
| Balance of payments | |
| Petroleum industry and trade | |
| Fiscal policy | |
| Economic policy | |
| nternational cooperation | |
| Soggetto geografico: | United States |
| Altri autori: |
ArezkiRabah
|
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | Contents; I. Introduction; Figures; 1. Evolution of Current Account; II. The Global Imbalances Debate; III. Empirical Investigation; A. Stylized Facts; 2. Evolution of Oil Exporters' Current Account and Fiscal Balance: Twin Surpluses; 3. Evolution of Fiscal Balance; 4. NFA, Current Account, and Spending in Oil-Exporting Countries; B. Empirical Specification, Data, and Estimators; 5. Fiscal Balance, Revenues, and Spending in Oil-Exporting Countries; C. Estimation Results; Tables; 1. Current Account Estimations (1980-2007, Annual); D. Robustness |
| 2. Current Account Estimations: Oil Exporters, GMM (1980-2007, Annual)3. Current Account Estimations (1980-2007, 4-year average); IV. Concluding Remarks; References; Appendices; I. Data Description and Sources; II. GMM Estimators; Appendix III Tables; A1. Current Account Estimations: Total Sample (With Outliers, 1980-2007, Annual); A2. Current Account Estimations: Oil Exporters, Pooled OLS (1980-2007, Annual); A3. Current Account Estimations: Oil Exporters, FE (1980-2007, Annual) | |
| Sommario/riassunto: | Oil exporters have run large current account surpluses. We explore oil exporters' role in our understanding and the resolution of global imbalances. Current account dynamics are estimated for oil-exporting countries and the rest of the world. We find that fiscal policy has a much stronger effect on current account of oil exporters than on current account of other countries. The current account adjustment of oil-exporting countries is also faster than that of other countries. We conclude that a change in fiscal policy of oil exporters can have significant and speedy impact on global imbalances. |
| Titolo autorizzato: | Global Imbalances and Petrodollars |
| ISBN: | 1-4623-7898-6 |
| 1-4527-2383-4 | |
| 9786612843099 | |
| 1-4518-7236-4 | |
| 1-282-84309-5 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910817630803321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2009/089