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Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease »

Source: Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease

Volume/Issue: 2010/94

Series: IMF Working Papers

Author(s): Kareem Ismail , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

ISBN: 9781451982718

Keywords: Fiscal Asymmetry, export value, reer, fiscal rules, oil export, Methodology for Collecting, Estimating, and Organizing Macroeconomic Data, Open Economy Macroeconomics, Macroeconomic Analyses of Economic Development

We examine the behavior of expenditure policy during boom-bust in commodity price cycles, and its implication for real exchange rate movements. To do so, we introduce a Dutch disease model with downward rigidities...

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease »

Volume/Issue: 2010/94

Series: IMF Working Papers

Author(s): Kareem Ismail , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

DOI: http://dx.doi.org/10.5089/9781451982718.001

ISBN: 9781451982718

Keywords: Fiscal Asymmetry, export value, reer, fiscal rules, oil export, Methodology for Collecting, Estimating, and Organizing Macroeconomic Data, Open Economy Macroeconomics, Macroeconomic Analyses of Economic Development

We examine the behavior of expenditure policy during boom-bust in commodity price cycles, and its implication for real exchange rate movements. To do so, we introduce a Dutch disease model with downward rigidities...