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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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2020
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| 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 |