Holdings: Fiscal Policy and Economic Cycles in Oil-Exporting Countries

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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Main Author:	Tazhibayeva, Kamilya (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 2008
Series:	IMF Working Papers Working Paper No. 08/253
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	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 the economic cycle only through their impact on fiscal policy. Once fiscal policy changes are removed, oil price shocks do not have a significant independent effect on the economic cycle
Physical Description:	1 Online-Ressource (21 p)
ISBN:	1451871112 9781451871111

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spelling	Tazhibayeva, Kamilya Verfasser aut Fiscal Policy and Economic Cycles in Oil-Exporting Countries Tazhibayeva, Kamilya Washington, D.C International Monetary Fund 2008 1 Online-Ressource (21 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/253 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 the economic cycle only through their impact on fiscal policy. Once fiscal policy changes are removed, oil price shocks do not have a significant independent effect on the economic cycle Online-Ausg Husain, Aasim M. Sonstige oth Ter-Martirosyan, Anna Sonstige oth http://elibrary.imf.org/view/IMF001/09698-9781451871111/09698-9781451871111/09698-9781451871111.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Tazhibayeva, Kamilya Fiscal Policy and Economic Cycles in Oil-Exporting Countries
title	Fiscal Policy and Economic Cycles in Oil-Exporting Countries
title_auth	Fiscal Policy and Economic Cycles in Oil-Exporting Countries
title_exact_search	Fiscal Policy and Economic Cycles in Oil-Exporting Countries
title_exact_search_txtP	Fiscal Policy and Economic Cycles in Oil-Exporting Countries
title_full	Fiscal Policy and Economic Cycles in Oil-Exporting Countries Tazhibayeva, Kamilya
title_fullStr	Fiscal Policy and Economic Cycles in Oil-Exporting Countries Tazhibayeva, Kamilya
title_full_unstemmed	Fiscal Policy and Economic Cycles in Oil-Exporting Countries Tazhibayeva, Kamilya
title_short	Fiscal Policy and Economic Cycles in Oil-Exporting Countries
title_sort	fiscal policy and economic cycles in oil exporting countries
url	http://elibrary.imf.org/view/IMF001/09698-9781451871111/09698-9781451871111/09698-9781451871111.xml
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