When the Cycle Becomes the Trend : The Emerging Market Experience with Fiscal Policy during the Last Commodity Super Cycle (anglais)

Fiscal buffers have shrunk across the world. This paper argues that limited fiscal room in emerging market economies today is partly due to the commodity super cycle of 2000-15. The super cycle created the mirage that economic performance had structurally improved, mistaking a long, commodity-fueled uptick in the business cycle for higher trend growth. This thinking supported fiscal expansions. When the commodity boom ended, it became apparent that...

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INFORMATION

Auteur

Amra,Rashaad;

Hanusch,Marek;

Jooste,Charl;
Date du document
2019/01/18
Type de document
Document de travail de recherche sur les politiques
Numéro du rapport
WPS8712
Volume
1
Total Volume(s)
1
Pays
Monde,
Région
Autres,
Date de publication
2019/01/18
Disclosure Status
Disclosed
Titre du rapport
When the Cycle Becomes the Trend : The Emerging Market Experience with Fiscal Policy during the Last Commodity Super Cycle
Mots clé
fiscal policy

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When the Cycle Becomes the Trend : The Emerging Market Experience with Fiscal Policy during the Last Commodity Super Cycle (anglais)

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