Series: IMF Working Papers
Author(s): Naotaka Sugawara
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 March 2014
Keywords: stabilization fund, fiscal volatility, government expenditure, institution, stabilization, expenditure, public spending, Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy, General, Government Policy,
This paper examines the effect of stabilization funds on the volatility of government expenditure in resource-rich countries. Using a panel data set of 68 resource-rich countries over 1988-2012, the results find th...