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This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...
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effects of oil exports are taken into account, the estimates support output growth convergence between Iran and the rest of …, which could be partly due to the relatively underdeveloped nature of Iran's financial markets. -- growth models ; long run …
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effects of oil exports are taken into account, the estimates support output growth convergence between Iran and the rest of …, which could be partly due to the relatively underdeveloped nature of Iran's financial markets. -- Growth models ; long run …
Persistent link: https://www.econbiz.de/10003909263
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