Fiscal Policy Rules for Oil-Producing Countries.

The paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are sensitive to the choice of the social welfare function, initial conditions, and non-oil growth prospects. The distribution of non-oil wealth is important for countries with relative...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Maliszewski, Wojciech
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Petroleum industry and trade > Economic aspects.
Fiscal policy.
Pétrole > Industrie et commerce > Aspect économique.
Politique fiscale.
Fiscal policy
Petroleum industry and trade > Economic aspects
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. Fiscal Rules for OPCs; A. Optimizing Rules; B. Ad hoc Rules; III. Numerical Comparisons; A. Setup and Assumptions; B. Results; Tables; 1. Initial Conditions; 2. Model Parameters; 3. Comparison of Policy Rules (Baseline); 4. Comparison of Policy Rules (Alternative Specification for the Oil Price Process); Figures; 1. PIM and POIM Rules for the Mature Oil Producer; 2. PIM and POIM Rules for the Large Oil Producer; 3. PIM and POIM Rules for the Medium Oil Producer; 4. POIM and MPOIM Rules for the Mature Oil Producer.
  • 5. POIM and MPOIM Rules for the Large Oil Producer6. POIM and MPOIM Rules for the Medium Oil Producer; 7. MPOIM and ad hoc Rules for the Mature Oil Producer; 8. MPOIM and ad hoc Rules for the Large Oil Producer; 9. MPOIM and ad hoc Rules for the Medium Oil Producer; IV. Conclusions; References.

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