Why Higher Fiscal Spending Persists when a Boom in Primary Commodities Ends
Bruno Boccara
Jan 1994 · World Bank Publications
Ebook
39
Pages
About this ebook
After the initial boom in fiscal spending that accompanies a commodity boom, why do commodity- exporting countries tend to maintain higher spending levels despite a drop in commodity prices? Probably because of liquidity constraints and the costs of policy reversal.
After the initial boom in fiscal spending that accompanies a commodity boom, why do commodity- exporting countries tend to maintain higher spending levels despite a drop in commodity prices? Probably because of liquidity constraints and the costs of policy reversal.
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