Optimal Fiscal Strategy for Oil Exporting Countries /

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 be...

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Bibliographic Details
Main Author: Valdes, Rodrigo
Other Authors: Engel, Eduardo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000.
Series:IMF Working Papers; Working Paper ; No. 2000/118
Online Access:Full text available on IMF