Nonrenewable Resources : A Case for Persistent Fiscal Surpluses /
This paper examines whether there is a case for temporary but persistent fiscal surpluses in economies heavily endowed with nonrenewable resources. It finds that there generally is a case. Fiscal surpluses permit replacing nonfinancial wealth with financial assets, the return on which increases publ...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Серія: | IMF Working Papers; Working Paper ;
No. 1999/044 |
| Онлайн доступ: | Full text available on IMF |