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VII External Shocks, Policy Responses, and Domestic Adjustment

VII External Shocks, Policy Responses, and Domestic Adjustment »

Source: Oman Beyond the Oil Horizon : Policies Toward Sustainable Growth

Series: Occasional Papers

Author(s): Volker Treichel , and Ahsan Mansur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 1999

ISBN: 9781557758330

Keywords: fiscal policy, expenditure, capital expenditure, fiscal adjustment, fiscal impulse

External Shocks, Policy Responses, and Domestic Adjustment Oman’s economy is extremely vulnerable to terms-of-trade shocks because of its heavy reliance on oil export proceeds, which...