01745cas a2200265 a 4500 AALejournalIMF018517 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484361573 1018-5941 BD-DhAAL BD-DhAAL Fouejieu, Armand. Fiscal Adjustment in the Gulf Countries : Less Costly than Previously Thought / Armand Fouejieu, Sergio Rodriguez, Sohaib Shahid. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper estimates fiscal multipliers for the Gulf Cooperation Council (GCC) countries. Using OLS panel fixed effects on a sample of six countries from 1990-2016, results indicate that GCC fiscal multipliers have declined in recent years which would make the on-going fiscal consolidation less costly than previously thought. Though both capital and current multipliers have declined in recent years, capital multipliers are larger than current multipliers, which implies that reducing (less productive) current spending will help limit the adverse impact of such measures on growth. Mode of access: Internet Rodriguez, Sergio. Shahid, Sohaib. IMF Working Papers; Working Paper ; No. 2018/133 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/133/001.2018.issue-133-en.xml IMF e-Library