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...
更多显示
详细
-
2023/05/01
-
政策研究报告
-
WPS10428
-
1
-
2023/05/01
-
Disclosed
-
Fiscal Procyclicality in Commodity Exporting Countries : How Much Does It Pour and Why ?