Series: IMF Working Papers
Author(s): Raphael Espinoza , and Abdelhak Senhadji
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2011
Keywords: Gulf Cooperation Council, expenditure, capital expenditure, government expenditure, fiscal multipliers, Fiscal Policies and Behavior of Economic Agents: General,
The effectiveness of fiscal policy in smoothing the impact of shocks depends critically on the size of fiscal multipliers. This is particularly relevant for the GCC countries given the need for fiscal policy to cus...