The heightened volatility of commodity prices in recent years, reflecting the effects of the pandemic and the war in Ukraine, begs the longstanding question of the optimal fiscal policy response to commodity price shocks. Fiscal performance in most commodity-exporting countries is typically...

The heightened volatility of commodity prices in recent years, reflecting the effects of the pandemic and the war in Ukraine, begs the longstanding question of the optimal fiscal policy response to commodity price shocks. Fiscal performance in most commodity-exporting countries is typically...

Mortality decline in the context of the demographic transition is often portrayed as the harbinger of a progressively 'ordered' world in which deaths become more pre- dictable. In this narrative, parents adjust their fertility because they are increasingly certain that their offspring will...