Oil price shocks and the composition of current account balance
It is a well-established regularity that permanent oil price shocks do not have a permanent effect on the current account deficit. This requires that sub-components of the current account or trade balance will make the necessary adjustments to accommodate the higher energy bill of a country triggere...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2020-03-01
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| Series: | Central Bank Review |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1303070120300020 |