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The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru »

Source: The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru

Volume/Issue: 2017/208

Series: IMF Working Papers

Author(s): Francisco Roch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2017

ISBN: 9781484320648

Keywords: Western Hemisphere, Peru, Chile, Colombia, JEL Classification Numbers: E62, F14, H50, O13 Commodity Prices, Fiscal Policy, Flexible Exchange Rates

This paper presents a comparative analysis of the macroeconomic adjustment in Chile, Colombia, and Peru to commodity terms-of-trade shocks. The study is done in two steps: (i) an analysis of the impulse responses o...

4. After the Boom—Commodity Prices and Economic Growth in Latin America and the Caribbean

4. After the Boom—Commodity Prices and Economic Growth in Latin America and the Caribbean »

Source: Regional Economic Outlook, May 2014, Western Hemisphere

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

ISBN: 9781484360118

Keywords: bond yields, bond, fiscal policy, commodity prices, commodity exporters

This chapter takes another look at the commodity boom experienced by Latin America and the Caribbean (LAC) since the early 2000s and analyzes how the region will be affected by a more subdued ou...

Appendix

Appendix »

Source: Regional Economic Outlook, November 2006, Western Hemisphere

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2006

ISBN: 9781589065949

Keywords: fiscal impulse, commodity prices, public debt, fiscal policy, fiscal impulses

Methodology for Fiscal Impulse Calculations 1 The fiscal impulse calculations presented in the text follow an approach similar to Chand...

5. Has Fiscal Policy Become More Countercyclical in Latin America?

5. Has Fiscal Policy Become More Countercyclical in Latin America? »

Source: Regional Economic Outlook, May 2014, Western Hemisphere

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

ISBN: 9781484360118

Keywords: bond yields, bond, fiscal policy, commodity prices, commodity exporters

For many decades, fiscal policy in Latin America has been, on average, procyclical. However, country-specific estimates for the cyclicality of fiscal policy are mostly insignificant, with only a...

I. The Global Economy and Outlook for the United States and Canada

I. The Global Economy and Outlook for the United States and Canada »

Source: Regional Economic Outlook, November 2006, Western Hemisphere

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2006

ISBN: 9781589065949

Keywords: fiscal impulse, commodity prices, public debt, fiscal policy, fiscal impulses

A. The Global Context Global economic growth remains robust. First–quarter growth was especially strong in the United States, but has slowed since. The expansion has gathered momentu...

II. Latin America and the Caribbean (LAC)

II. Latin America and the Caribbean (LAC) »

Source: Regional Economic Outlook, November 2006, Western Hemisphere

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2006

ISBN: 9781589065949

Keywords: fiscal impulse, commodity prices, public debt, fiscal policy, fiscal impulses

A. Main Developments and Prospects The Latin America and Caribbean region continues to grow robustly—and above its historical average—in the context of a strong global economy. In 20...

Macroeconomic Stability in Resource-Rich Countries

Macroeconomic Stability in Resource-Rich Countries »

Volume/Issue: 2016/36

Series: IMF Working Papers

Author(s): Elva Bova , Paulo Medas , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

DOI: http://dx.doi.org/10.5089/9781475596465.001

ISBN: 9781475596465

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...

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru

The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru »

Volume/Issue: 2017/208

Series: IMF Working Papers

Author(s): Francisco Roch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2017

DOI: http://dx.doi.org/10.5089/9781484320648.001

ISBN: 9781484320648

Keywords: Western Hemisphere, Peru, Chile, Colombia, JEL Classification Numbers: E62, F14, H50, O13 Commodity Prices, Fiscal Policy, Flexible Exchange Rates

This paper presents a comparative analysis of the macroeconomic adjustment in Chile, Colombia, and Peru to commodity terms-of-trade shocks. The study is done in two steps: (i) an analysis of the impulse responses o...

Macroeconomic Stability in Resource-Rich Countries

Macroeconomic Stability in Resource-Rich Countries »

Source: Macroeconomic Stability in Resource-Rich Countries

Volume/Issue: 2016/36

Series: IMF Working Papers

Author(s): Elva Bova , Paulo Medas , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

ISBN: 9781475596465

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...

Main Economic Indicators

Main Economic Indicators »

Source: Regional Economic Outlook, November 2006, Western Hemisphere

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2006

ISBN: 9781589065949

Keywords: fiscal impulse, commodity prices, public debt, fiscal policy, fiscal impulses

Output Growth (annual rate in percent) Inflation (period average) Ext. Cu...