Browse

You are looking at 1 - 10 of 16 items :

  • Middle East x
  • IMF Working Papers x
  • Keywords: fiscal policy x
Clear All
8. Financial Markets in the GCC Countries

8. Financial Markets in the GCC Countries »

Source: The Macroeconomics of the Arab States of the Gulf

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

8.1 Introduction As the global economic crisis took hold, the GCC countries’ financial systems found themselves affected through contagion despite the relatively low direct exposure...

5. Fiscal Policy for Macroeconomic Stability

5. Fiscal Policy for Macroeconomic Stability »

Source: The Macroeconomics of the Arab States of the Gulf

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

5.1 Introduction Macroeconomic stability is important for long-term growth and the literature has discussed several channels through which volatility can reduce growth....

4. Government Spending, Subsidies, and Economic Efficiency

4. Government Spending, Subsidies, and Economic Efficiency »

Source: The Macroeconomics of the Arab States of the Gulf

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

4.1 Introduction The activities of the government have a heightened importance in the Gulf countries because oil revenues accrue to the government and the way they are spent or saved...

Macroprudential Policy in the GCC Countries

Macroprudential Policy in the GCC Countries »

Volume/Issue: 2014/1

Series: Staff Discussion Notes

Author(s): Zsofia Arvai , Ananthakrishnan Prasad , and Kentaro Katayama

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2014

DOI: http://dx.doi.org/10.5089/9781484334430.006

ISBN: 9781484334430

Keywords: Bahrain, Cooperation Council for the Arab States of the Gulf, Financial risk, Financial sector, Fiscal policy, Macroprudential Policy, Kuwait, Oman, Risk management, Saudi Arabia

As undiversified commodity exporters, GCC economies are prone to pro-cyclical systemic risk in the financial system. During periods of high hydrocarbon prices, favorable economic prospects make the financial sector...

Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?

Is Fiscal Policy Procyclical in Developing Oil-Producing Countries? »

Volume/Issue: 2011/171

Series: IMF Working Papers

Author(s): Nese Erbil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

DOI: http://dx.doi.org/10.5089/9781462314324.001

ISBN: 9781462314324

Keywords: institutions, govenment expenditure, expenditure, capital expenditure, fiscal policies, government expenditure, Fiscal Policies and Behavior of Economic Agents: General,

This paper examines the cyclicality of fiscal behavior in 28 developing oil-producing countries (OPCs) during 1990-2009. After testing five fiscal measures - government expenditure, consumption, investment, non-oil...

1. Introductory Chapter

1. Introductory Chapter »

Source: The Macroeconomics of the Arab States of the Gulf

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

1.1 Introduction The countries of the Gulf Cooperation Council (GCC) have gone through considerable changes in the last decade, spurred by high oil prices and ambitious diversificati...

Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?

Is Fiscal Policy Procyclical in Developing Oil-Producing Countries? »

Source: Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?

Volume/Issue: 2011/171

Series: IMF Working Papers

Author(s): Nese Erbil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

ISBN: 9781462314324

Keywords: institutions, govenment expenditure, expenditure, capital expenditure, fiscal policies, government expenditure, Fiscal Policies and Behavior of Economic Agents: General,

This paper examines the cyclicality of fiscal behavior in 28 developing oil-producing countries (OPCs) during 1990-2009. After testing five fiscal measures - government expenditure, consumption, investment, non-oil...

The Macroeconomics of the Arab States of the Gulf

The Macroeconomics of the Arab States of the Gulf »

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

DOI: http://dx.doi.org/10.5089/9780199683796.071

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

The economies of the Arab states of the Gulf have gone through considerable changes in the last decade, spurred by high oil prices and ambitious diversification plans. Large-scale immigration provided the labor for...

Macroprudential Policy in the GCC Countries

Macroprudential Policy in the GCC Countries »

Source: Macroprudential Policy in the GCC Countries

Volume/Issue: 2014/1

Series: Staff Discussion Notes

Author(s): Zsofia Arvai , Ananthakrishnan Prasad , and Kentaro Katayama

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2014

ISBN: 9781484334430

Keywords: Bahrain, Cooperation Council for the Arab States of the Gulf, Financial risk, Financial sector, Fiscal policy, Macroprudential Policy, Kuwait, Oman, Risk management, Saudi Arabia

As undiversified commodity exporters, GCC economies are prone to pro-cyclical systemic risk in the financial system. During periods of high hydrocarbon prices, favorable economic prospects make the financial sector...

6. Monetary Policy with a Fixed Exchange Rate Regime

6. Monetary Policy with a Fixed Exchange Rate Regime »

Source: The Macroeconomics of the Arab States of the Gulf

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

6.1 Introduction The dollar peg has been the nominal anchor for monetary policy for many years in the GCC. 1 The pegged exchange rate regime provide...