When the Cycle Becomes the Trend : The Emerging Market Experience with Fiscal Policy during the Last Commodity Super Cycle

When the Cycle Becomes the Trend : The Emerging Market Experience with Fiscal Policy during the Last Commodity Super Cycle

Fiscal buffers have shrunk across the world. This paper argues that limited fiscal room in emerging market economies today is partly due to the commodity super cycle of 2000-15. The super cycle created the mirage that economic performance had struc...

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Bibliographic Details
Main Authors: Amra, Rashaad, Hanusch, Marek, Jooste, Charl
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
BUSINESS CYCLE
EMERGING MARKET ECONOMIES
FISCAL POLICY
COMMODITY PRICES
FISCAL TRENDS
PUBLIC EXPENDITURE
Online Access:http://documents.worldbank.org/curated/en/355881547823983112/When-the-Cycle-Becomes-the-Trend-The-Emerging-Market-Experience-with-Fiscal-Policy-during-the-Last-Commodity-Super-Cycle
http://hdl.handle.net/10986/31180

Internet

http://documents.worldbank.org/curated/en/355881547823983112/When-the-Cycle-Becomes-the-Trend-The-Emerging-Market-Experience-with-Fiscal-Policy-during-the-Last-Commodity-Super-Cycle
http://hdl.handle.net/10986/31180

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