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Fiscal, monetary, and exchange rate policies

In: The Political Economy of Iraq

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Abstract

Investment expenditures are the shock absorber of Iraq's budget. With a fixed exchange rate, Iraq doesn't have a monetary policy. The collapse of oil prices has resulted in the worst fiscal crisis since 2003. The government must make unprecedented expenditure reductions.

Suggested Citation

  • ., 2021. "Fiscal, monetary, and exchange rate policies," Chapters, in: The Political Economy of Iraq, chapter 14, pages 273-296, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19214_14
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    Cited by:

    1. Cobus Vermeulen, 2023. "The inherent uncertainties in output gap estimation a South African perspective," Working Papers 11051, South African Reserve Bank.
    2. Căpraru, Bogdan & Georgescu, George & Sprincean, Nicu, 2022. "Do independent fiscal institutions cause better fiscal outcomes in the European Union?," Economic Systems, Elsevier, vol. 46(2).

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