Title of article
The valueoffiscaldisciplineforoil-exportingcountries
Author/Authors
Anamar?´a Pieschaco´n، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2012
Pages
19
From page
250
To page
268
Abstract
The valueoffiscaldisciplineisassessedbyanalyzingtheroleoffiscalpolicyasa
transmissionmechanismofoilpriceshocksinoil-exportingsmallopeneconomies.
Fiscalpolicyisanimportantpropagationchannel.Takingpolicyasgivenbythedata,
themodelcansuccessfullyexplaintheresponsesofkeymacroeconomicvariables,butit
is unabletoexplaintheseresponsesundercounterfactualfiscalframeworks.Interest-
ingly,fiscalpolicyalsoseemscapableofregulatingthesizeofpass-through.Further-
more,fiscalpoliciesthatinsulatetheeconomyfromoilpriceshocksseemtobewelfare
improvingoverprocyclicalones
Journal title
Journal of Monetary Economics
Serial Year
2012
Journal title
Journal of Monetary Economics
Record number
846520
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