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Can an oil discovery lead to recession: A comment on Eastwood and Venables.

By:

Van Wijubergen, Sweder

Material type:

TextSeries: World Bank Reprint Series; No.338Publication details: Washington : World Bank, 1984.Subject(s):

Economic recession
Economic crisis -- Economic depression -- Economic policy/. -- Economic crisis -- Economic depression -- Economic policy/. -- Economic crisis -- Economic depression -- Economic policy

Summary: Presents an analysis of the macroeconomic consequence of an oil discovery in an open economy model which assumes perfect international capital mobility, rational exchange rate expectations and sluggish adjustment of domestic goods prices.

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Presents an analysis of the macroeconomic consequence of an oil discovery in an open economy model which assumes perfect international capital mobility, rational exchange rate expectations and sluggish adjustment of domestic goods prices.

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