Azimzhan Khitakhunov

Oil Revenue Absorption and Macroeconomic Vulnerability: Evidence from a DSGE Model of a Small Open Oil-Exporting Economy

Oil-exporting economies are notoriously sensitive to external shocks, but the importance of current oil revenue absorption for macroeconomic shock transmission has not been explored thoroughly. This paper constructs a stylized DSGE model to analyze how macroeconomic shock propaga...