A large literature has documented that fiscal policy is procyclical in emerging markets and developing economies and acyclical/countercyclical in advanced economies. This paper analyzes fiscal procyclicality in commodity-exporting countries. It first shows that the degree of fiscal procyclicality is twice as high in commodity exporters than in non-commodity exporters. Further, while fiscal procyclicality has been falling in commodity exporters over...
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2023/05/01
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Policy Research Working Paper
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WPS10428
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1
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2023/05/01
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Disclosed
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Fiscal Procyclicality in Commodity Exporting Countries : How Much Does It Pour and Why ?
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Citation
Arroyo Marioli,Francisco; Vegh,Carlos A..
Fiscal Procyclicality in Commodity Exporting Countries : How Much Does It Pour and Why ? (English). Policy Research working paper ; no. WPS 10428 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099735505012330646