Cristo, María Lorena Marí del; Gómez-Puig, Marta - Facultat d'Economia i Empresa, Universitat de Barcelona - 2013
This paper investigates the fiscal sustainability of an emerging, dollarized, oil-exporting country: Ecuador. A … cointegrated VAR approach is adopted in testing, first, if the intertemporal budget constraint is satisfied in Ecuador and, second … activity and oil revenues implemented in the government budget. We argue that Ecuador needs to recover control of its monetary …