Series: Occasional Papers
Author(s): Mauricio Villafuerte , Rolando Ossowski , Theo Thomas , and Paulo Medas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2008
Keywords: Financial institutions, Oil revenues, oil-producing countries, fiscal policy, oil prices, fiscal rules
The experience with the recent oil boom highlights the importance of ensuring the quality of spending and the sustainability of fiscal policies. For countries with appropriately strong fiscal positions and b...