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9. The Importance of the GCC for the Wider Region

9. The Importance of the GCC for the Wider Region »

Source: The Macroeconomics of the Arab States of the Gulf

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

9.1 Economic Openness and Spillovers The book thus far has analyzed the GCC macroeconomic stabilization and longer-term structural challenges. The importance of researching the GCC c...

4. Government Spending, Subsidies, and Economic Efficiency

4. Government Spending, Subsidies, and Economic Efficiency »

Source: The Macroeconomics of the Arab States of the Gulf

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

4.1 Introduction The activities of the government have a heightened importance in the Gulf countries because oil revenues accrue to the government and the way they are spent or saved...