Cyclical Fiscal Rules for Oil-Exporting Countries

WP/13/229

Cyclical Fiscal Rules for Oil-Exporting Countries
Structural budget-balance rules with countercyclical elements appear well suited to stabilize the macroeconomic volatility of oil-exporting countries and have been used successfully by other commodity exporters. Using a global DSGE model, the efficient design of such rules is found to depend on the source of oil price fluctuations and the oil... READ MORE...

Publication date: November 2013
ISBN 9781475514018
$18.00

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Publication date: November 2013

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Publication date: November 2013

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