Rethinking Fiscal Policy in Oil-Exporting Countries

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 goals need to be more prudent and better anchored... READ MORE...

Publication date: May 2019
ISBN 9781498314749
$18.00

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