Natural-Resource Boom

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  • Natural-Resource Booms, Fiscal Rules and Welfare in a Small Open Economy

    Publicación |

    This document analyzes the macroeconomic effects of a boom in a small-open economy’s natural-resource sector. We study the effects of this shock on the most important macroeconomic variables, the resource reallocation across sectors and on welfare under alternative fiscal rules. We employ a DSGE…