Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle

Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle
This paper presents a detailed analysis of the average fiscal policy responses of oil producing countries (OPCs) to the recent oil price cycle. We find that OPCs worsened their non-oil primary balances substantially during 2003-2008 driven by an increase in primary spending. However, this trend was partially reversed when oil prices went down in... READ MORE...

Publication date: February 2010
ISBN 9781451962536
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