Series: IMF Working Papers
Author(s): Ryota Nakatani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2017
Keywords: Foreign exchange, Asia and Pacific, Papua New Guinea, Balance of payments, Agricultural exports, Commodity Exporters, Elasticities, Foreign Reserve, Invervention, Cointegration
How should resource-rich economies handle the balance of payments adjustment required after commodity price declines? This paper addresses the question theoretically by developing a simple two-period multi-sector m...