Measurement and analysis of the impact of oil shocks on fiscal policy

• Esraa Said Saleh, Ali Mahdi Abbas Albairmani, Isam Abdul Khudhur Saud

Palabras clave: Fiscal policy, GDP, Oil markets, Oil shocks.

Resumen

Oil shocks directly affect fiscal policy in Iraq as a result of public budget dependence on oil revenues. Thus, Fiscal policy responds through its spending and revenue instruments in a way that is in line with or against the direction of oil shock. This research is about measurement and analyzing the response of fiscal policy towards oil shocks in Iraqi economy for period 2003-2017.