News shocks in open economies: evidence from giant oil discoveries
This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output ? the delay between a discovery and production is on average 4 to 6 years. We first present...
| Autores principales: | , , |
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| Formato: | Working paper |
| Publicado: |
University of Oxford
2015
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