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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 macroeco...

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Bibliographic Details
Main Author: Gupta, Sanjeev
Other Authors: Miranda, Kenneth M.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1991
Series:IMF Working Papers
Subjects:
Treasury Policy
Comparative Or Joint Analysis Of Fiscal And Monetary Policy
Commodity Booms
Balance Of Trade
Stabilization
Public Finance & Taxation
Currency; Foreign Exchange
Investments: Energy
Fiscal Policy
Trade Balance
Trade: General
Exports And Imports
International Economics
National Government Expenditures And Related Policies: General
Expenditure
Commodities
Foreign Exchange
International Trade
Exports
Expenditures, Public
Studies Of Particular Policy Episodes
Real Exchange Rates
Investment & Securities
Empirical Studies Of Trade
Commercial Products
Public Finance
Commodity Markets
Sri Lanka
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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 post-boom period. Country case studies of Sri Lanka, Malaysia, and Kenya support the model’s predictions and the protracted nature of adjustment following the waning of the boom
Physical Description:44 pages
ISBN:9781451846362

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