Optimal Fiscal Strategy for Oil Exporting Countries:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Valdés, Rodrigo O. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2000
Schriftenreihe:IMF Working Papers Working Paper No. 00/118
Links:http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
http://elibrary.imf.org/view/IMF001/05055-9781451854077/05055-9781451854077/05055-9781451854077.xml
Abstract:This paper develops simple guidelines for fiscal policy in oil producing countries, focusing on three issues: intergenerational oil distribution, precautionary saving, and adjustment costs. The paper presents a framework to analyze how the revenue generated by an exhaustible source of wealth that belongs to the government should be distributed between current and future generations. This framework is used to show the strengths and limitations of existing answers, which motivates a new approach for dealing with this question. The paper derives simple, closed form approximations to the optimal level of government expenditure when an important part of government revenue is generated by an uncertain and exhaustible natural resource such as oil. Price uncertainty, budget uncertainty, and the (possibly asymmetric) costs of adjusting expenditure levels are considered
Umfang:1 Online-Ressource (71 p)
ISBN:1451854072
9781451854077