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Author

Akeem Rahaman

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Sep 2026

A non-energy fiscal reaction function and the reserve cushion illusion

This study aims to examine whether fiscal policy in energy-dependent economies responds systematically to rising public debt once energy-related effects are isolated. It introduces a non-energy fiscal reaction function framework and tests for the presence of a reserve cushion illusion, whereby accumulated foreign e...

Akeem Rahaman · 0 citations

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