Valencia, Oscar M.; Gamboa-Arbelaez, Juliana; Sánchez, … - 2025
adjustment even during downturns, providing a stabilizing effect. Net oil exporters are more affected by oil shocks than … institutions play a critical role in mitigating the volatility induced by oil shocks, with fiscal rules targeting primary or …This research employs a quadratic exponential model to examine the dynamics of fiscal adjustments in the context of oil …