A Possible Approach to Fiscal Rules in Small Islands - Incorporating Natural Disasters and Climate Change »
Series: IMF Working Papers
Author(s): Ryota Nakatani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 06 September 2019
Keywords: Economic stabilization, Public financial management, Fiscal policy, Economic growth, Business cycles, Fiscal Rule, Expenditure Rule, Recurrent Expenditure, Natural Disaster, Climate Change
A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertai...