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oil prices and fiscal consolidation will contribute to the recovery of private sector investment. Fiscal consolidation …
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After the decline in oil prices, many oil exporters face the need to improve their externalbalances. Special characteristics of oil exporters make the exchange rate an ineffectiveinstrument for this purpose and give fiscal policy a sizeable role. These conclusions aresupported by regression...
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direct measures of product variety calculated from 6-digit OECD export and import data. Although the issue is still far from …
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