Fiscal Policy Rules for Oil-Producing Countries : A Welfare-Based Assessment /

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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Автор: Maliszewski, Wojciech
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2009.
Серія:IMF Working Papers; Working Paper ; No. 2009/126
Онлайн доступ:Full text available on IMF