How to Adjust to a Large Fall in Commodity Prices »
Journal Issue
Volume: 16
Series: Fiscal Affairs Department How-To Notes
Author(s): Paulo Medas , Veronique Salins , and Jeff Danforth
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 September 2016
DOI: http://dx.doi.org/10.5089/9781475536065.061
ISBN: 9781475536065
Keywords: Asia and Pacific, Canada, Chile, Commodity prices, Malaysia, Natural resources, Nigeria, Sub-Saharan Africa, Western Hemisphere, Commodity boom
Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity pric...