Bems, Rudolfs; de Carvalho Filho, Irineu - In: Journal of International Economics 84 (2011) 1, pp. 48-64
Exporters of exhaustible resources have historically exhibited higher income volatility than other economies, suggesting a heightened role for precautionary savings. This paper uses a parameterized small open-economy model to quantify the role of precautionary savings for exporters of...