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The Resource Recoveries in the Middle East, North Africa, and Pakistan : have macroeconomic policies been effective?, prepared by Dalia S. Hakura and Francesco Grigoli

Recoveries in the Middle East, North Africa, and Pakistan : have macroeconomic policies been effective?, prepared by Dalia S. Hakura and Francesco Grigoli

Creator
Author
Contributor
Summary
This paper identifies and documents the properties of output gap recessions and recoveries in the Middle East, North Africa, and Pakistan (MENAP) during the 1980 to 2008 period. It goes on to investigate the key determinants of the recoveries. The duration of MENAP countries' recessions and recoveries has increased from the 1990s to the 2000s. MENAP hydrocarbon exporting countries' recessions were on average more pronounced in the 2000s, and hydrocarbon importing countries' recessions milder. Fiscal policy is found to have played a key role during the recoveries to potential output, although with weaker effects for MENAP countries that are more open to trade. Monetary policy is found to have been less effective. This is likely to be related to the fact that many of the MENAP countries have fixed exchange rate regimes and hence have limited room for active monetary policy
Language
eng
Work
Publication
Extent
1 online resource (31 pages)
Note
  • "May 2010."
  • At head of title: IMF Institute
  • Title from PDF title page (IMF Web site, viewed June 28, 2010)
Contents
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Determinants Of The Strength Of Recoveries; III. Empirical Analysis; A. Identifying Turning Points in Economic Activity; 1. Real Non-oil GDP Growth rates and HP-based Output Gaps; 2. Recessions and Recoveries; B. Empirical Strategy and Data; C. Data and Descriptive Statistics; 1. Properties of Non-Oil Output Growth Rates; 2. Descriptive Statistics on Filtered Non-Oil Output; 3. Recovery Years; D. Basic Facts on Episodes of Recessions and Recoveries in the MENAP Region
  • 4. Average Duration, Amplitude, and Steepness of the Phases for Non-Oil Real GDP by Decade and Group of CountriesE. Estimation Results; 5. Summary Statistics of all the Variable; 6. Regressions of Non-Oil Output Growth in the First Year of Recovery, 1980-2008; IV. Conclusions; Appendix: Variable Definitions and Data Sources; References; Footnotes
Isbn
9781455200818
Instance
Label
Recoveries in the Middle East, North Africa, and Pakistan : have macroeconomic policies been effective?
Title
Recoveries in the Middle East, North Africa, and Pakistan
Title remainder
have macroeconomic policies been effective?
Statement of responsibility
prepared by Dalia S. Hakura and Francesco Grigoli
Creator
Contributor
Author
Issuing body
Subject
Genre
Language
eng
Summary
This paper identifies and documents the properties of output gap recessions and recoveries in the Middle East, North Africa, and Pakistan (MENAP) during the 1980 to 2008 period. It goes on to investigate the key determinants of the recoveries. The duration of MENAP countries' recessions and recoveries has increased from the 1990s to the 2000s. MENAP hydrocarbon exporting countries' recessions were on average more pronounced in the 2000s, and hydrocarbon importing countries' recessions milder. Fiscal policy is found to have played a key role during the recoveries to potential output, although with weaker effects for MENAP countries that are more open to trade. Monetary policy is found to have been less effective. This is likely to be related to the fact that many of the MENAP countries have fixed exchange rate regimes and hence have limited room for active monetary policy
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Hakura, Dalia S
Government publication
international or intergovernmental publication
Index
no index present
LC call number
HG3810 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Grigoli, Francesco
  • IMF Institute
Series statement
IMF Working Paper
Series volume
WP/10/122
http://library.link/vocab/subjectName
  • Business cycles
  • Fiscal policy
  • Fiscal policy
  • Fiscal policy
  • Monetary policy
  • Monetary policy
  • Monetary policy
  • Recessions
  • Recessions
  • Business cycles
  • Recessions
  • Business cycles
  • Fiscal policy
  • Monetary policy
  • Recessions
  • Middle East
  • North Africa
  • Pakistan
Label
Recoveries in the Middle East, North Africa, and Pakistan : have macroeconomic policies been effective?, prepared by Dalia S. Hakura and Francesco Grigoli
Instantiates
Publication
Copyright
Note
  • "May 2010."
  • At head of title: IMF Institute
  • Title from PDF title page (IMF Web site, viewed June 28, 2010)
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Determinants Of The Strength Of Recoveries; III. Empirical Analysis; A. Identifying Turning Points in Economic Activity; 1. Real Non-oil GDP Growth rates and HP-based Output Gaps; 2. Recessions and Recoveries; B. Empirical Strategy and Data; C. Data and Descriptive Statistics; 1. Properties of Non-Oil Output Growth Rates; 2. Descriptive Statistics on Filtered Non-Oil Output; 3. Recovery Years; D. Basic Facts on Episodes of Recessions and Recoveries in the MENAP Region
  • 4. Average Duration, Amplitude, and Steepness of the Phases for Non-Oil Real GDP by Decade and Group of CountriesE. Estimation Results; 5. Summary Statistics of all the Variable; 6. Regressions of Non-Oil Output Growth in the First Year of Recovery, 1980-2008; IV. Conclusions; Appendix: Variable Definitions and Data Sources; References; Footnotes
Control code
644274647
Dimensions
unknown
Extent
1 online resource (31 pages)
Form of item
online
Isbn
9781455200818
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
  • imfWPIEA2010122
  • (IMF)WPIEA2010122
  • (OCoLC)644274647
Label
Recoveries in the Middle East, North Africa, and Pakistan : have macroeconomic policies been effective?, prepared by Dalia S. Hakura and Francesco Grigoli
Publication
Copyright
Note
  • "May 2010."
  • At head of title: IMF Institute
  • Title from PDF title page (IMF Web site, viewed June 28, 2010)
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Determinants Of The Strength Of Recoveries; III. Empirical Analysis; A. Identifying Turning Points in Economic Activity; 1. Real Non-oil GDP Growth rates and HP-based Output Gaps; 2. Recessions and Recoveries; B. Empirical Strategy and Data; C. Data and Descriptive Statistics; 1. Properties of Non-Oil Output Growth Rates; 2. Descriptive Statistics on Filtered Non-Oil Output; 3. Recovery Years; D. Basic Facts on Episodes of Recessions and Recoveries in the MENAP Region
  • 4. Average Duration, Amplitude, and Steepness of the Phases for Non-Oil Real GDP by Decade and Group of CountriesE. Estimation Results; 5. Summary Statistics of all the Variable; 6. Regressions of Non-Oil Output Growth in the First Year of Recovery, 1980-2008; IV. Conclusions; Appendix: Variable Definitions and Data Sources; References; Footnotes
Control code
644274647
Dimensions
unknown
Extent
1 online resource (31 pages)
Form of item
online
Isbn
9781455200818
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Specific material designation
remote
System control number
  • imfWPIEA2010122
  • (IMF)WPIEA2010122
  • (OCoLC)644274647

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