Arroyo Marioli, Francisco; Vegh, Carlos A. - 2023
acyclical/countercyclical in advanced economies. This paper analyzes fiscal procyclicality in commodity-exporting countries. It … first shows that the degree of fiscal procyclicality is twice as high in commodity exporters than in non-commodity exporters …. Further, while fiscal procyclicality has been falling in commodity exporters over the past 15 years, it is still pervasive and …