Abstract:

Fiscal policy, Oil exporting countries, Oil prices, Business cycles, External shocks, Demand, Monetary policy, Economic models, Fiscal policy rules, automatic stabilizers, countercyclical fiscal policy, macroeconomic policy, oil price., fiscal rule, fiscal authority, tax revenues, fiscal balance, fiscal rules, tax bases, fiscal response, fiscal instruments, fiscal model, tax rates, fiscal surplus, discretionary fiscal policy, fiscal frameworks, aggregate demand, account deficits, taxation, fiscal balances, taxes on labor, government budget, fiscal adjustment, increase in consumption, fiscal policy formulation, public expenditures, public finances, fiscal measures, fiscal institutions, fiscal