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

Online Access:	Full Text (via ProQuest)
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.