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Consumption smoothing and shock persistence : optimal simple fiscal rules for commodity exporters (English)

Abstract

A common criticism of balanced budget fiscal rules is that they increase the consumption volatility of financially constrained households who are unable to smooth consumption. This paper evaluates the welfare consequences of simple fiscal rules in a model...  See More +

Details

  • Galego Mendes, Arthur; Pennings, Steven Michael;
  • 2017/04/25 08:52:05
  • Policy Research Working Paper;
  • WPS8035
  • 1
  • 1
  • World
  • The World Region
  • 2017/04/25 08:48:54
  • Disclosed
  • Consumption smoothing and shock persistence : optimal simple fiscal rules for commodity exporters
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