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Current account and precautionary savings for exporters of exhaustible resources /
Exporters of exhaustible resources have historically exhibited higher income volatility than other economies, suggesting a heightened role for precautionary savings. This paper uses a parameterized small open economy model to quantify the role of precautionary savings in economies with exhaustible r...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington D.C.] :
International Monetary Fund,
2009.
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| Colección: | IMF working paper ;
WP/09/33. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- B. ResultsVI. Conclusions; References; Appendix A: Solution Method (case of n=0); Tables; 1. Country-Specific Model Parameters and Initial Values; 2. Optimal 2006 Current Accounts in the Baseline Model; 3. Summary of Sensitivity Analysis for Current Account Components; 4. Optimal Current Account with Constant Extraction Quantities; Figures; 1. Output Volatility and Oil Balance; 2. Projected Production of Liquids (oil and gas); 3. Optimal Model Solution for Norway, t0=2006; 4. 'Output at Risk': Expected Share of Exhaustible Resource Revenues in GDP
- 5. Actual and Model-Based 2006 Current Account Balances (in percent of GDP)6. Price of Exhaustible Resources, in 2006 Dollars; 7. Proven Reserves of Oil and Gas for Norway; 8. Time-Series of Optimal Outcomes for Norway, t0={1975, 1976,; 9. Comparison of Norway's CA and NFA in the Model and Data