Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease /
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 in government spending to revenue shock. This model leads to a decoupling between real...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2010.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2010/094 |
| On-line přístup: | Full text available on IMF |