| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 966543 | Journal of Monetary Economics | 2012 | 19 Pages |
Abstract
⺠World oil prices affect fiscal revenue in oil-exporting small open economies (SOEs). ⺠In this context, I use a DSGE model to assess the value of fiscal discipline. ⺠Fiscal policy is a key propagation channel of oil price shocks in oil-exporting SOEs. ⺠Fiscal policy seems capable of regulating the size of pass-through. ⺠Insulating fiscal policies seem to be welfare improving over procyclical ones.
Related Topics
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Economics and Econometrics
Authors
AnamarÃa Pieschacón,