Current account and precautionary savings for exporters of exhaustible resources / prepared by Rudolfs Bems and Irineu de Carvalho Filho.

Exporters of exhaustible resources have historically exhibited higher income volatility than other economies, suggesting a heightened role for precautionary savings. This paper uses a parameterized small open economy model to quantify the role of precautionary savings in economies with exhaustible r...

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Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Authors:	Bems, Rudolfs (Author), Carvalho Filho, Irineu de (Author)
Format:	eBook
Language:	English
Published:	[Washington D.C.] : International Monetary Fund, 2009.
Series:	IMF working paper ; WP/09/33.
Subjects:	Saving and investment > Mathematical models. Nonrenewable natural resources > Econometric models.