04142oam 22010454 450 991078834240332120230721045627.01-4623-4670-71-4527-9851-697866128420471-282-84204-81-4518-7111-2(CKB)3170000000055148(EBL)1608075(SSID)ssj0000944032(PQKBManifestationID)11505882(PQKBTitleCode)TC0000944032(PQKBWorkID)10982475(PQKB)11433648(OCoLC)762248827(MiAaPQ)EBC1608075(IMF)WPIEE2008253(EXLCZ)99317000000005514820020129d2008 uf 0engur|n|---|||||txtccrFiscal Policy and Economic Cycles in Oil-Exporting Countries /Kamilya Tazhibayeva, Aasim Husain, Anna Ter-MartirosyanWashington, D.C. :International Monetary Fund,2008.1 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 Papers; Working Paper ;No. 2008/253Fiscal policyEconometric modelsBusiness cyclesEconometric modelsPetroleum industry and tradeEconometric modelsInvestments: EnergyimfMacroeconomicsimfPublic FinanceimfEnergy: Demand and SupplyimfPricesimfFiscal PolicyimfNational Government Expenditures and Related Policies: GeneralimfEnergy: GeneralimfPublic finance & taxationimfInvestment & securitiesimfOil pricesimfFiscal policyimfFiscal stanceimfExpenditureimfOilimfExpenditures, PublicimfPetroleum industry and tradeimfSaudi ArabiaimfFiscal policyEconometric models.Business cyclesEconometric models.Petroleum industry and tradeEconometric models.Investments: EnergyMacroeconomicsPublic FinanceEnergy: Demand and SupplyPricesFiscal PolicyNational Government Expenditures and Related Policies: GeneralEnergy: GeneralPublic finance & taxationInvestment & securitiesOil pricesFiscal policyFiscal stanceExpenditureOilExpenditures, PublicPetroleum industry and trade336.3015195Tazhibayeva Kamilya1493476Husain Aasim1493477Ter-Martirosyan Anna1493478DcWaIMFBOOK9910788342403321Fiscal Policy and Economic Cycles in Oil-Exporting Countries3716475UNINA