Optimal Fiscal Strategy for Oil Exporting Countries

Optimal Fiscal Strategy for Oil Exporting Countries
This paper develops simple guidelines for fiscal policy in oil producing countries, focusing on three issues: intergenerational oil distribution, precautionary saving, and adjustment costs. The paper presents a framework to analyze how the revenue generated by an exhaustible source of wealth that belongs to the government should be distributed... READ MORE...

Publication date: June 2000
ISBN 9781451854077
$15.00

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