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

A Welfare-Based Assessment

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 relatively low oil reserves. Corrections for adjustment... READ MORE...

Publication date: June 2009
ISBN 9781451872736
$18.00

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