Grigoli, Francesco; Herman, Alexander; Swiston, Andrew - 2017
The decline in oil prices in 2014-16 was one of the sharpest in history, and put to test the resilience of oil … shock. Oil exporters that weathered the shock better tended to have a stronger fiscal position, higher foreign currency …. Within this group of countries, the impact of the shock is not found to be related to the size of oil exports, or the share …