Commodity Booms and Government Expenditure Responses

Commodity Booms and Government Expenditure Responses
This paper develops a model incorporating asymmetric government expenditure behavior in response to a windfall revenue gain occasioned by a transitory commodity boom. The model is used to illustrate the transitional dynamics of a stylized economy during the boom period and the nature of the macroeconomic disequilibria which emerge in the... READ MORE...

Publication date: May 1991
ISBN 9781451846362
$15.00

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