| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15780 |
| 来源ID | Working Paper 15780 |
| Terms of Trade Shocks and Fiscal Cycles | |
| Graciela L. Kaminsky | |
| 发表日期 | 2010-02-25 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | The latest boom in commodity prices fueled concerns about fiscal policies in commodity-exporting countries, with many claiming that it triggered loose fiscal policy and left no funds for a rainy day. This paper examines the links between fiscal policy and terms-of-trade fluctuations using a sample of 74 countries, both developed and developing. It finds evidence that booms in the terms of trade do not necessarily lead to larger government surpluses in developing countries, particularly in emerging markets and especially during capital flow bonanzas. This is not the case in OECD countries, where fiscal policy is of an acyclical nature. |
| 主题 | Macroeconomics ; Business Cycles ; Fiscal Policy ; International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w15780 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573453 |
| 推荐引用方式 GB/T 7714 | Graciela L. Kaminsky. Terms of Trade Shocks and Fiscal Cycles. 2010. |
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| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15780.pdf（299KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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