Database of publications / Oil Shocks and External Balances

This paper studies the effects of demand and supply shocks in the global crude oil market on several measures of countries' external balance, including the oil and non-oil trade balances, the current account, and changes in net foreign assets (NFA) during 1975-2004. Author: L. Kilian et al.

http://www.imf.org/extern…bs/ft/wp/2007/wp07110.pdf