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Rethinking the macroeconomics of resource-rich countries

Abstract : After years of high commodity prices, a new era of lower ones, especially for oil, seems likely to persist. This will be challenging for resource-rich countries, which must cope with the decline in income that accompanies the lower prices and the potential widening of internal and external imbalances. This column presents a new VOXEU eBook in which leading economists from academia and the public and private sector examine the shifting landscape in commodity markets and look at the exchange rate, monetary, and fiscal options policymakers have, as well as the role of finance, including sovereign wealth funds, and diversification.
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https://hal-amu.archives-ouvertes.fr/hal-01825465
Contributor : Elisabeth Lhuillier <>
Submitted on : Thursday, June 28, 2018 - 12:26:11 PM
Last modification on : Wednesday, August 5, 2020 - 3:15:17 AM

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  • HAL Id : hal-01825465, version 1

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Rabah Arezki, Raouf Boucekkine, Jeffrey Frankel, Mohammed Laksaci, Rick van der Ploeg. Rethinking the macroeconomics of resource-rich countries. France. 2018. ⟨hal-01825465⟩

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