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Today versus Tomorrow - The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income

Today versus Tomorrow - The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income »

Source: Today versus Tomorrow - The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income

Volume/Issue: 2009/248

Series: IMF Working Papers

Author(s): Alun Thomas , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2009

ISBN: 9781451873955

Keywords: Permanent Income Model, non-oil current account, oil wealth, rate of return, current account, permanent income, current income, consumption decisions,

This paper applies the Permanent Income Model to the non-oil current accounts of the major oil exporters to assess the extent to which national consumption decisions in these countries are made on the basis of perm...

Today versus Tomorrow - The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income

Today versus Tomorrow - The Sensitivity of the Non-Oil Current Account Balance to Permanent and Current Income »

Volume/Issue: 2009/248

Series: IMF Working Papers

Author(s): Alun Thomas , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2009

DOI: http://dx.doi.org/10.5089/9781451873955.001

ISBN: 9781451873955

Keywords: Permanent Income Model, non-oil current account, oil wealth, rate of return, current account, permanent income, current income, consumption decisions,

This paper applies the Permanent Income Model to the non-oil current accounts of the major oil exporters to assess the extent to which national consumption decisions in these countries are made on the basis of perm...