Series: IMF Working Papers
Author(s): Kamilya Tazhibayeva , Aasim Husain , and Anna Ter-Martirosyan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2008
Keywords: public spending, fiscal impulse, fiscal stance
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...