Fiscal Rules : Coping with Revenue Volatility in Lesotho and Swaziland /

Over the past decade, Lesotho and Swaziland have faced significant volatility in their fiscal revenues, owing to highly unstable Southern African Customs Union (SACU) receipts. Based on model analysis, this paper explores the advantages of implementing fiscal rules to deal with such volatility. It f...

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Bibliographic Details
Main Author: Honda, Jiro
Other Authors: Nose, Manabu, Sosa Padilla, Cesar, Torres, Jose L.
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017.
Series:Departmental Papers; Departmental Paper ; No. 2017/005
Online Access:Full text available on IMF