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CHAPTER 10 How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical?

CHAPTER 10 How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical? »

Source: Beyond the Curse : Policies to Harness the Power of Natural Resources

Series: Books

Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616351458

Keywords: natural resource, copper, inflation, commodity prices

THE PROBLEM OF PROCYCLICALITY Countries dependent on exports of oil, minerals, and other primary commodities tend to have pronounced economic cycles. Although this cyclical variabili...

CHAPTER 13 The Political Economy of Reform in Resource-Rich Countries

CHAPTER 13 The Political Economy of Reform in Resource-Rich Countries »

Source: Beyond the Curse : Policies to Harness the Power of Natural Resources

Series: Books

Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616351458

Keywords: natural resource, copper, inflation, commodity prices

INTRODUCTION Since the 1950s and until recently, economists have argued that countries with a comparative advantage in production based on their natural resources would suffer from d...

Chapter 4. Increasing Productivity Growth in Small Middle-Income Countries

Chapter 4. Increasing Productivity Growth in Small Middle-Income Countries »

Source: Africa on the Move : Unlocking the Potential of Small Middle-Income States

Series: Books

Author(s): Lamin Leigh , and Ali Mansoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

ISBN: 9781513588605

Keywords: Economic growth, Infrastructure, Macroprudential policies and financial stability, Economic development, Poverty eradication, environment, employment, bank, unemployment, labor

As indicated in Chapter 1, prudent macroeconomic management and improved institutional settings in many of the small middle-income countries (SMICs) in sub-Saharan Africa resulted in impressive economic perf...