Global shocks and fiscal stimulus: a tale of an oil-dependent-exporting country

Financial Innovation

Table 1 Scenarios simulation designs

Shocks	Crude	Cons	HH Sav	Prod	Lab-Sav	Import	Palliatives
BAU	X	X	X	X	X	X	X
CRD	✓	X	X	X	X	X	X
CRD-COV(C,S,M)	✓	✓	✓	X	X	✓	X
CRD-COV(S,M,P)	✓	X	✓	✓	X	✓	X
CRD-COV(S,M,P,E)	✓	X	✓	✓	✓	✓	X
CRD-COV(S,M,P,C)	✓	✓	✓	✓	X	✓	X
CRD-COV(C,S,P,E)	✓	✓	✓	✓	✓	X	X
CRD-COV(C,S,P,E,M)	✓	✓	✓	✓	✓	✓	X
CRD-COV(C,S,P,E,M)-F	✓	✓	✓	✓	✓	✓	✓

BAU = Business As Usual, CRD = Crude Oil shock, CRD-COV(C,S,M) = Crude & COVID (Consumption, Savings, Import) shocks, CRD-COV(S,M,P) = Crude & COVID (Savings, Import, Production) shocks, CRD-COV(S,M,P,E) = Crude & COVID (Savings, Import, Production, Employment) shocks, CRD-COV(S,M,P,C) = Crude & COVID (Savings, Import, Production, Consumption) shocks, CRD-COV(C,S,P,E) Crude & COVID (Consumption, Savings, Production, Employment) shocks, CRD-COV(C,S,P,E,M) = Crude & COVID (Consumption, Savings, Production, Employment, Import) shocks, CRD-COV(C,S,P,E,M)-F = Crude, COVID (Consumption, Savings, Production, Employment, Import) shocks, & Fiscal stimulus