Rethinking Fiscal Policy in Oil-Exporting Countries /
We examine the existing fiscal policy paradigm in commodity-exporting countries. First, we argue that its centerpiece-the permanent income hypothesis (PIH)-is not consistent with either intergenerational equity or long-term sustainability in the presence of uncertainty. Policies to achieve these goa...
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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
2019.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2019/108 |
| Dostęp online: | Full text available on IMF |