02878nam 2200661 450 991046426050332120170815101943.01-4623-4670-71-4527-9851-697866128420471-282-84204-81-4518-7111-2(CKB)3170000000055148(EBL)1608075(SSID)ssj0000944032(PQKBManifestationID)11505882(PQKBTitleCode)TC0000944032(PQKBWorkID)10982475(PQKB)11433648(OCoLC)762248827(MiAaPQ)EBC1608075(EXLCZ)99317000000005514820140227h20082008 uy 0engur|n|---|||||txtccrFiscal policy and economic cycles in oil-exporting countries /Aasim M. Husain, Kamilya Tazhibayeva, and Anna Ter-Martirosyan[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (23 p.)IMF Working PapersIMF working paper ;WP/08/253Description based upon print version of record.1-4519-1564-0 Includes bibliographical references.Contents; I. Introduction; II. Data and Cyclical Properties; III. Oil Prices, Output Cycles, and Fiscal Policy; IV. Panel VAR Framework; V. Sensitivity Checks and Extensions; VI. Conclusions; References; Appendixes; A. Data Sources and Descriptions; B. Unit Root TestsThis 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.IMF Working PapersFiscal policyEconometric modelsBusiness cyclesEconometric modelsPetroleum industry and tradeEconometric modelsElectronic books.Fiscal policyEconometric models.Business cyclesEconometric models.Petroleum industry and tradeEconometric models.336.3015195Husain Aasim M864368Tazhibayeva Kamilya864369Ter-Martirosyan Anna864370MiAaPQMiAaPQMiAaPQBOOK9910464260503321Fiscal policy and economic cycles in oil-exporting countries1929329UNINA