Togonidze, Sophio; Kočenda, Evžen - 2022
We investigate an impact of oil-price shocks on GDP and exchange rate dynamics in resource-heterogeneous economies. We …-exporting, and less-resource-intensive economies. On average, real GDP in oil-exporting economies exhibits substantial contraction …, while for metal exporters there is a significant real GDP expansion suggesting an offsetting effect of metal exports on oil …