Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 November 2013
Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices
3.1 Introduction The dominance of foreigners in the labor force of the GCC countries is a very peculiar characteristic of these economies and one that has many macroeconomic conseque...