Söderling, Ludvig; Morsy, Hanan; Petri, Martin; … - International Monetary Fund (IMF) - 2007
uncomfortably high in many, particularly non-oil producing countries and middle income oil producers. Non-oil countries adjust … mainly by increasing revenues, whereas oil countries adjust expenditure. For non-oil producing countries, substantial fiscal …, though procyclical, fiscal policies. Middle-income (but not high-income) oil producing countries would need to adjust …