| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w0759
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| 来源ID | Working Paper 0759
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| Anticipated and Unanticipated Oil Price Increases and the Current Account |
| Nancy Peregrim Marion
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| 发表日期 | 1981-09-01
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| 出版年 | 1981
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| 语种 | 英语
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| 摘要 | This paper examines the current-account response to anticipated future increases in real oil prices as well as to unexpected increases which may be temporary or permanent in nature. The analysis is conducted using an intertemporal two-period model of a small open economy which produces both traded and nontraded goods and imports its oil. The paper identifies the channels through which various types of oil price increases affect the current account. The inclusion of nontraded investment and consumer goods permits oil price increases to generate intertemporal and static substitution effects in production and consumption which alter net international saving. Moreover, the relative oil-value-added ratio in the traded and nontraded sectors plays a crucial role in shaping these substitution effects and hence the current-account response. |
| 主题 | International Economics
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| URL | https://www.nber.org/papers/w0759
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/557967
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推荐引用方式
GB/T 7714 |
Nancy Peregrim Marion. Anticipated and Unanticipated Oil Price Increases and the Current Account. 1981.
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文件名：
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w0759.pdf
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格式：
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Adobe PDF
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