LEADER 04361oam 22011414 450 001 9910970185003321 005 20250426110745.0 010 $a9786612842047 010 $a9781462346707 010 $a1462346707 010 $a9781452798516 010 $a1452798516 010 $a9781282842045 010 $a1282842048 010 $a9781451871111 010 $a1451871112 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(IMF)WPIEE2008253 035 $a(MiAaPQ)EBC1608075 035 $a(IMF)WPIEA2008253 035 $aWPIEA2008253 035 $a(EXLCZ)993170000000055148 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFiscal Policy and Economic Cycles in Oil-Exporting Countries /$fKamilya Tazhibayeva, Aasim Husain, Anna Ter-Martirosyan 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (23 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/253 300 $aDescription based upon print version of record. 311 08$a9781451915648 311 08$a1451915640 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 3 $aThis paper empirically assesses the impact of oil price shocks on the underlying non-oil economic cycle in oil-exporting countries. Panel VAR analysis and the associated impulse responses indicate that in countries where the oil sector is large in relation to the economy, oil price changes affect the economic cycle only through their impact on fiscal policy. Once fiscal policy changes are removed, oil price shocks do not have a significant independent effect on the economic cycle. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/253 606 $aFiscal policy$xEconometric models 606 $aBusiness cycles$xEconometric models 606 $aPetroleum industry and trade$xEconometric models 606 $aEnergy: Demand and Supply$2imf 606 $aEnergy: General$2imf 606 $aExpenditure$2imf 606 $aExpenditures, Public$2imf 606 $aFiscal Policy$2imf 606 $aFiscal policy$2imf 606 $aFiscal stance$2imf 606 $aInvestment & securities$2imf 606 $aInvestments: Energy$2imf 606 $aMacroeconomics$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aOil prices$2imf 606 $aOil$2imf 606 $aPetroleum industry and trade$2imf 606 $aPrices$2imf 606 $aPublic finance & taxation$2imf 606 $aPublic Finance$2imf 607 $aSaudi Arabia$2imf 615 0$aFiscal policy$xEconometric models. 615 0$aBusiness cycles$xEconometric models. 615 0$aPetroleum industry and trade$xEconometric models. 615 7$aEnergy: Demand and Supply 615 7$aEnergy: General 615 7$aExpenditure 615 7$aExpenditures, Public 615 7$aFiscal Policy 615 7$aFiscal policy 615 7$aFiscal stance 615 7$aInvestment & securities 615 7$aInvestments: Energy 615 7$aMacroeconomics 615 7$aNational Government Expenditures and Related Policies: General 615 7$aOil prices 615 7$aOil 615 7$aPetroleum industry and trade 615 7$aPrices 615 7$aPublic finance & taxation 615 7$aPublic Finance 676 $a336.3015195 700 $aTazhibayeva$b Kamilya$01815610 701 $aHusain$b Aasim$01815611 701 $aTer-Martirosyan$b Anna$01815612 801 0$bDcWaIMF 906 $aBOOK 912 $a9910970185003321 996 $aFiscal Policy and Economic Cycles in Oil-Exporting Countries$94371073 997 $aUNINA