The purpose of this paper is to investigate the stability properties of a non-titonnement price and a monetary adjustment mechanism involving two countries: one oil-exporting and one oil-importing. Its distinguishing characteristic is that it brings together some elements of the theory of exhaustible resources and the modern balance-of-payments theory using a Bicksian, temporary equilibrium framework.
The Economist cites an OIES study: until oil-exporting countries shift economies away from oil, they need to cover… https://t.co/qylvo2LwFw
OIES's @thierry_bros interviewed by Radio Vatican on East Med gas. https://t.co/pRhtO5AtfN
After the Gazprom-Naftogaz arbitration: commerce still entangled in politics https://t.co/Pljui3Ao56