Filho, Irineu E. Carvalho; Bems, Rudolfs - International Monetary Fund (IMF) - 2009
Are the current account fluctuations in oil-exporting countries "excessive"? How should their real exchange rate … features of oil-exporting countries that help address these questions. Price-based methodologies (based on the time series of … relatively limited explanatory power. On the other hand, an empirical model of the current account, which fits oil exporting …