Frontmatter -- Preface -- Contents -- 1 Introduction -- 2 Fiscal Policy and Sustainability -- 3 Studies on Fiscal Sustainability -- 4 Data Description and Modelling -- 5 Empirical Analysis -- 6 Policy Recommendation -- References -- List of Figures -- List of Tables -- Appendix A Implementation...

We study the welfare and macroeconomic implications of simple and implementable fiscal policy rules in commodity-dependent economies, where a large share of output, exports, and government revenues depend on exogenous and volatile commodity prices. Using a multi-sector New Keynesian model...