Kakanov, Evgeny; Blöchliger, Hansjörg; Demmou, Lilas - 2018
resource courses: oil dependence and oil price volatility, and it investigates whether the resource curse depends on a country … evidence that higher quality institutions could mitigate the curse. Oil price shocks appear to have an asymmetric impact in the … they fall. There is also indirect evidence that the impact of an oil price shock is partly offset by fiscal policies …