Commodity Price Shocks and Fiscal Outcomes

Working Paper No. 12/112

Nopic
The experience of developing countries over 1990-2010 indicates that commodity prices have a significant impact on fiscal outcomes. Both revenue and expenditure rise in response to commodity (import or export) price increases; the response of the fiscal deficit is ambiguous. A floating exchange rate regime only partially offsets the impact;... READ MORE...

Publication date: May 2012
ISBN 9781475503333
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Publication date: May 2012

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Publication date: May 2012

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