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
2.1 Introduction The member countries of the GCC have changed considerably over the last thirty years. The fast development of the region has spurred the creation of new cities, the...