Series: IMF Working Papers
Author(s): Kareem Ismail , and Rabah Arezki
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2010
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...