LEADER 02878nam 2200661 450 001 9910464260503321 005 20170815101943.0 010 $a1-4623-4670-7 010 $a1-4527-9851-6 010 $a9786612842047 010 $a1-282-84204-8 010 $a1-4518-7111-2 035 $a(CKB)3170000000055148 035 $a(EBL)1608075 035 $a(SSID)ssj0000944032 035 $a(PQKBManifestationID)11505882 035 $a(PQKBTitleCode)TC0000944032 035 $a(PQKBWorkID)10982475 035 $a(PQKB)11433648 035 $a(OCoLC)762248827 035 $a(MiAaPQ)EBC1608075 035 $a(EXLCZ)993170000000055148 100 $a20140227h20082008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFiscal policy and economic cycles in oil-exporting countries /$fAasim M. Husain, Kamilya Tazhibayeva, and Anna Ter-Martirosyan 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008. 210 4$dİ2008 215 $a1 online resource (23 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/253 300 $aDescription based upon print version of record. 311 $a1-4519-1564-0 320 $aIncludes bibliographical references. 327 $aContents; 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 Tests 330 $aThis paper empirically assesses the impact of oil price shocks on the underlying non-oil economic cycle in oil-exporting countries. Panel VAR analysis and the associated impulse responses indicate that in countries where the oil sector is large in relation to the economy, oil price changes affect the economic cycle only through their impact on fiscal policy. Once fiscal policy changes are removed, oil price shocks do not have a significant independent effect on the economic cycle. 410 0$aIMF Working Papers 606 $aFiscal policy$xEconometric models 606 $aBusiness cycles$xEconometric models 606 $aPetroleum industry and trade$xEconometric models 608 $aElectronic books. 615 0$aFiscal policy$xEconometric models. 615 0$aBusiness cycles$xEconometric models. 615 0$aPetroleum industry and trade$xEconometric models. 676 $a336.3015195 700 $aHusain$b Aasim M$0864368 701 $aTazhibayeva$b Kamilya$0864369 701 $aTer-Martirosyan$b Anna$0864370 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464260503321 996 $aFiscal policy and economic cycles in oil-exporting countries$91929329 997 $aUNINA