We study the potential impact of the commodity price boom of 2003 to 2013 on public social
spending in Latin America. We estimate structural vector autoregressions and local …

Can central bank independence (CBI) help to reduce fiscal balances? In this paper, we
answer this question using novel measures of CBI based on the turnover rate of central bank …

This paper studies the volatility of fiscal policy in a large sample of countries with a focus on
emerging markets and developing economies and commodity exporters over 1990–2021 …

Why write a book on macroeconomic policies and their links to agriculture and food security
in developing countries? The food price spikes of the years just prior to 2010 and the …

Abstract Sub-Saharan Africa's exports remain dominated by primary commodities, and the
need to diversify their production and export base appears as a matter of urgency. This …

The objective of this study is to explore the impact of commodity price volatility on the
governments' fiscal balance. Using a dynamic panel data model for 108 countries from 1993 …

This study examines the impact of commodity price shocks on the banking sector stability of
18 African commodity-exporting economies using an unbalanced panel dataset spanning a …

This paper empirically investigates the macroeconomic responses to commodity price
shocks with a focus on fiscal variables in a sample of thirty-three African commodity …

This paper analyzes the effects of commodity price shocks on fiscal revenues and
expenditures in Latin American countries quarterly from 1995 to 2013. The results indicate …

Commodity prices are an important driver of fiscal policy and the business cycle in many
developing and emerging market economies. We analyze a dynamic stochastic small-open …