Fiscal policy and economic cycles in oil-exporting countries

Fiscal policy and economic cycles in oil-exporting countries / prepared by Aasim M. Husain, Kamilya Tazhibayeva, and Anna Ter-Martirosyan.

This paper empirically assesses the impact of oil price shocks on the underlying non-oil economic cycle in oil-exporting countries. Panel VAR analysis and the associated impulse responses indicate that in countries where the oil sector is large in relation to the economy, oil price changes affect th...

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Bibliographic Details
Main Authors: Husain, Aasim M. (Author), Tazhibayeva, Kamilya (Author), Ter-Martirosyan, Anna (Author)
Corporate Author: International Monetary Fund. Middle East and Central Asia Department
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, ©2008.
Series:IMF working paper ; WP/08/253.
Subjects:
Fiscal policy > Econometric models.
Business cycles > Econometric models.
Petroleum industry and trade > Econometric models.
Business cycles > Econometric models
Fiscal policy > Econometric models
Petroleum industry and trade > Econometric models
Konjunktur.
Finanzpolitik.
Mineralölpreisschock.
Theorie.
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