Gonzalez Gomez, Andres; Jafarov, Etibar; Rodriguez … - 2022
exchange rate peg as a policy anchor. However, with the end of the commodity boom in 2014, fiscal deficits have grown and … reserves have fallen. One route to restoring long-run sustainability would be to combine fiscal consolidation with a switch to … fixed-rate regime, while not optimal, is feasible, if supported by a larger fiscal effort …