How Long to Read Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease

How Long Does it Take to Read Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease?

It takes the average reader and 35 minutes to read Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease by Mr.Rabah Arezki

Assuming a reading speed of 250 words per minute. Learn more

Description

We examine the behavior of expenditure policy during boom-bust in commodity price cycles, and its implication for real exchange rate movements. To do so, we introduce a Dutch disease model with downward rigidities in government spending to revenue shock. This model leads to a decoupling between real exchange rate and commodity price movement during busts. We test our model's theoretical predictions and underlying assumptions using panel data for 32 oil-producing countries over the period 1992 to 2009. Results are threefold. First, we find that change in current spending have a stronger impact on the change in real exchange rate compared to capital spending. Second, we find that current spending is downwardly sticky, but increases in boom time, and conversely for capital spending. Third, we find limited evidence that fiscal rules have helped reduce the degree of responsiveness of current spending during booms. In contrast, we find evidence that fiscal rules are associated with a significant reduction in capital expenditure during busts while responsiveness to boosts is more muted. This raises concerns about potential adverse consequences of this asymmetry on economic performance in oil-producing countries.

How long is Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease?

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease by Mr.Rabah Arezki is 35 pages long, and a total of 8,925 words.

This makes it 12% the length of the average book. It also has 11% more words than the average book.

How Long Does it Take to Read Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 48 minutes to read Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease aloud.

What Reading Level is Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease?

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease?

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease by Mr.Rabah Arezki is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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