Series: IMF Working Papers
Author(s): Elva Bova , Paulo Medas , and Tigran Poghosyan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 February 2016
Keywords: resource-rich countries, procyclical fiscal policy, commodity, prices, price, fiscal policy, General, Models with Panel Data, All Countries,, Natural resources
Resource-rich countries face large and persistent shocks, especially coming from volatile commodity prices. Given the severity of the shocks, it would be expected that these countries adopt countercyclical fiscal p...