Steven Pennings - Economic Research Forum (ERF)

Steven Pennings is an Economist in the World Bank’s Development Research Group, Macroeconomics and Growth Team. His research interests include fiscal policy (especially fiscal transfers), economic growth, exchange rate pass-through, and monetary policy. He has worked at the Federal Reserve Board, the IMF, the Asian Development Bank, the Reserve Bank of Australia, as well as for Save the Children in Vietnam. He studied at New York University and received his PhD in Economics on January, 2015.

Working Papers

Consumption Smoothing and Shock Persistence: Optimal Simple Fiscal Rules for Commodity Exporters

A common criticism of balanced budget fiscal rules is that they increase the consumption volatility ... read more


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