Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies /
In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium model for a commodity-exporting economy where macro pol...
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| Format: | Žurnal |
| Jezik: | English |
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Washington, D.C. :
International Monetary Fund,
2014.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2014/033 |
| Online pristup: | Full text available on IMF |