Optimal fiscal management of commodity price shocks
نویسندگان
چکیده
منابع مشابه
Commodity price shocks and imperfectly credible macroeconomic policies
In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium model for a commodity exporting economy where macro policies are conducted through rules. We show that the responses of output, aggregate demand, and in...
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ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 2016
ISSN: 0304-3878
DOI: 10.1016/j.jdeveco.2016.05.005