Varlik, Serdar; Berument, Hakan - In: Central Bank review / Central Bank of the Republic of Turkey 20 (2020) 1, pp. 1-8
It is a well-established regularity that permanent oil price shocks do not have a permanent effect on the current account deficit. This requires that sub-components of the current account or trade balance will make the necessary adjustments to accommodate the higher energy bill of a country...
