Fiscal Policy Formulation and Implementation in Oil-Producing Countries
Back Matter

Back Matter

Author(s):
Jeffrey Davis, Annalisa Fedelino, and Rolando Ossowski
Published Date:
August 2003
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    Contributors

    Ehtisham Ahmad, Division Chief, Fiscal Affairs Department, IMF

    Steven Burnett, Resident Representative in Thailand, Asia and Pacific Department, IMF

    Thomas Baunsgaard, Economist, Fiscal Affairs Department, IMF

    Benedict Bingham, Deputy Division Chief, Asia and Pacific Department, IMF

    Giorgio Brosio, Professor of Public Finance and Local Government, Department of Economics, University of Turin, Italy

    Benedict Clements, Deputy Division Chief, Fiscal Affairs Department, IMF

    James A. Daniel, Deputy Division Chief, Fiscal Affairs Department, IMF

    Jeffrey Davis, Senior Advisor, Fiscal Affairs Department, IMF

    Benn Eifert, Department of Economics, Stanford University

    Ramón Espinasa, Consultant, Integration and Regional Programs Department, Inter-American Development Bank

    Annalisa Fedelino, Senior Economist, Fiscal Affairs Department, IMF

    Giulio Federico, Formerly Summer Intern, Fiscal Affairs Department, IMF

    Kevin Fletcher, Economist, Fiscal Affairs Department, IMF

    Alan Gelb, Chief Economist, Africa Regional Office, World Bank

    Sanjeev Gupta, Assistant Director, Fiscal Affairs Department, IMF

    Ricardo Hausmann, Professor, Kennedy School of Government, Harvard University

    Gabriela Inchauste, Economist, Fiscal Affairs Department, IMF

    Paul Mathieu, Senior Economist, European II Department, IMF

    Charles E. McLure, Jr., Senior Fellow, Hoover Institution, Stanford University

    Charles McPherson, Senior Advisor, Oil, Gas, Chemicals, and Mining Department, World Bank

    Eric Mottu, Economist, Middle Eastern Department, IMF

    Rolando Ossowski, Division Chief, Fiscal Affairs Department, IMF

    Martin Petri, Economist, Fiscal Affairs Department, IMF

    Roberto Rigobon, Professor, Sloan School of Management, Massachusetts Institute of Technology

    Dominque Simard, Economist, Fiscal Affairs Department, IMF

    Martin Skancke, Director General, Office of the Prime Minister, Norway

    Emit M. Sunley, Assistant Director, Fiscal Affairs Department, IMF

    Nils Borje Tallroth, Senior Economist, Africa Regional Office, World Bank

    Giinther Taube, Senior Economist, Fiscal Affairs Department, IMF

    Aleh Tsyvinski, Formerly Summer Intern, Fiscal Affairs Department, IMF

    Bert van Selm, Economist, European II Department, IMF

    Alvaro Vivanco, Formerly Research Assistant, Fiscal Affairs Department, IMF

    John Wakeman-Linn, Deputy Division Chief, European II Department, IMF

    Countries with large oil resources can benefit substantially from them. However, experience has also highlighted the challenges that oil revenue can pose to economic management. Despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerability to oil and other external shocks—even to the extent of prompting some observers to ask whether oil is a blessing or a curse.

    Fiscal policy can play a central role in determining the extent to which a country benefits from its oil wealth. This book brings together studies that provide analysis and findings on fiscal policy issues in oil-producing countries from a diverse international perspective. A key focus for the authors has been on how to manage oil resources in a way that contributes to a stable macroeconomic environment, sustainable growth, and poverty reduction.

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