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