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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Husain, Aasim M. (Autor), Tazhibayeva, Kamilya (Autor), Ter-Martirosyan, Anna (Autor)
Autor Corporativo: International Monetary Fund. Middle East and Central Asia Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, ©2008.
Colección:IMF working paper ; WP/08/253.
Temas:
Fiscal policy > Econometric models.
Business cycles > Econometric models.
Petroleum industry and trade > Econometric models.
Politique fiscale > Modèles économétriques.
Cycles économiques > Modèles économétriques.
Pétrole > Industrie et commerce > Modèles économétriques.
Business cycles > Econometric models
Fiscal policy > Econometric models
Petroleum industry and trade > Econometric models
Konjunktur.
Finanzpolitik.
Mineralölpreisschock.
Theorie.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. Data and Cyclical Properties; III. Oil Prices, Output Cycles, and Fiscal Policy; IV. Panel VAR Framework; V. Sensitivity Checks and Extensions; VI. Conclusions; References; Appendixes; A. Data Sources and Descriptions; B. Unit Root Tests

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