The halving of oil prices, which happened in a short period between late 2014 and the first months of 2015, has generated major terms of trade losses for oil exporting countries. Even if the oil producing sector normally employs a small group of workers and oil export revenues tend to be concentrated in a few firms and in government accounts, these relative price changes have economy-wide effects and significant distributive impacts. This paper describes...
انظر المزيد
تفاصيل
-
2017/3/29
-
ورقة عمل خاصة ببحوث السياسات
-
WPS8016
-
1
-
1
-
2017/3/29
-
Disclosed
-
The distributive impact of terms of trade shocks
-
oil