Fiscal Policy and Economic Cycles in Oil-Exporting Countries /

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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Автор: Tazhibayeva, Kamilya
Інші автори: Husain, Aasim, Ter-Martirosyan, Anna
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2008.
Серія:IMF Working Papers; Working Paper ; No. 2008/253
Онлайн доступ:Full text available on IMF