The Day After Tomorrow : Designing an Optimal Fiscal Strategy for Libya /

Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, procyclical fiscal policies threaten macroeconomic stability as well as fiscal sustainabil...

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Bibliografske podrobnosti
Glavni avtor: Caceres, Carlos
Drugi avtorji: Cevik, Serhan, Committeri, Marco, Gracia, Borja
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2013.
Serija:IMF Working Papers; Working Paper ; No. 2013/079
Online dostop:Full text available on IMF
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100 1 |a Caceres, Carlos. 
245 1 4 |a The Day After Tomorrow :   |b Designing an Optimal Fiscal Strategy for Libya /  |c Carlos Caceres, Serhan Cevik, Marco Committeri, Borja Gracia. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, procyclical fiscal policies threaten macroeconomic stability as well as fiscal sustainability and intergenerational equity. In three parts, this paper provides an assessment of the cyclically adjusted fiscal stance, analyzes fiscal sustainability according the permanent income framework, and simulates various fiscal policy rules with the objective of developing a rule-based fiscal strategy that would delink the economy from oil price fluctuations, improve the management of resource wealth, and safeguard macroeconomic stability. 
538 |a Mode of access: Internet 
700 1 |a Cevik, Serhan. 
700 1 |a Committeri, Marco. 
700 1 |a Gracia, Borja. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/079 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/079/001.2013.issue-079-en.xml  |z IMF e-Library