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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:
Investments: Energy
Expenditures, Public
Empirical Studies Of Trade
International Economics
Trade Balance
Public Finance
Studies Of Particular Policy Episodes
Foreign Exchange
Trade: General
Comparative Or Joint Analysis Of Fiscal And Monetary Policy
Stabilization
Public Finance & Taxation
Commodity Booms
Real Exchange Rates
Expenditure
National Government Expenditures And Related Policies: General
Exports
Fiscal Policy
Balance Of Trade
Commodity Markets
International Trade
Investment & Securities
Treasury Policy
Currency
Commercial Products
Exports And Imports
Commodities
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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