How to Adjust to a Large Fall in Commodity Prices /

Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity prices, some of these countries will need to adjust their budgets to the new reality. In m...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Medas, Paulo
Tác giả khác: Danforth, Jeff, Salins, Veronique
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2016.
Loạt:IMF How To Notes; How-To Note ; No. 2016/001
Truy cập trực tuyến:Full text available on IMF
LEADER 01791cas a2200265 a 4500
001 AALejournalIMF017077
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781475536065 
022 |a 2522-7912 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Medas, Paulo. 
245 1 0 |a How to Adjust to a Large Fall in Commodity Prices /  |c Paulo Medas, Veronique Salins, Jeff Danforth. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2016. 
300 |a 1 online resource (18 pages) 
490 1 |a IMF How To Notes 
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 Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity prices, some of these countries will need to adjust their budgets to the new reality. In many cases, overall surpluses turn into large fiscal deficits and borrowing costs tend to rise with the fall in commodity prices. This note discusses how to undertake large fiscal adjustments, which often tend to be protracted and with long-lasting impacts on growth. Consequently, the note also highlights how to better prepare for future booms and busts in commodity prices. 
538 |a Mode of access: Internet 
700 1 |a Danforth, Jeff. 
700 1 |a Salins, Veronique. 
830 0 |a IMF How To Notes; How-To Note ;  |v No. 2016/001 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/061/2016/001/061.2016.issue-001-en.xml  |z IMF e-Library