One Rule Fits All? Heterogeneous Fiscal Rules for Commodity Exporters When Price Shocks Can Be Persistent : Theory and Evidence

One Rule Fits All? Heterogeneous Fiscal Rules for Commodity Exporters When Price Shocks Can Be Persistent : Theory and Evidence

Commodity-exporting developing economies are often characterized as having needlessly procyclical fiscal policy: spending when commodity prices are high and cutting back when prices fall. The standard policy advice is instead to save during price w...

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Bibliographic Details
Main Authors: Mendes, Arthur, Pennings, Steven
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
FISCAL POLICY
COMMODITY PRICES
COMMODITY EXPORTERS
PRICE VOLATILITY
CYCLICALITY
PRICE SHOCK
Online Access:http://documents.worldbank.org/curated/en/364551600195983043/One-Rule-Fits-All-Heterogeneous-Fiscal-Rules-for-Commodity-Exporters-When-Price-Shocks-Can-Be-Persistent-Theory-and-Evidence
http://hdl.handle.net/10986/34486

Internet

http://documents.worldbank.org/curated/en/364551600195983043/One-Rule-Fits-All-Heterogeneous-Fiscal-Rules-for-Commodity-Exporters-When-Price-Shocks-Can-Be-Persistent-Theory-and-Evidence
http://hdl.handle.net/10986/34486

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