How Strong are Fiscal Multipliers in the GCC? /

The effectiveness of fiscal policy in smoothing the impact of shocks depends critically on the size of fiscal multipliers. This is particularly relevant for the GCC countries given the need for fiscal policy to cushion the economy from large terms of trade shocks in the absence of an independent mon...

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Bibliographic Details
Main Author: Espinoza, Raphael
Other Authors: Senhadji, Abdelhak
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/061
Online Access:Full text available on IMF