Series: IMF Working Papers
Author(s): Reda Cherif , and Fuad Hasanov
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2012
Keywords: volatility, precautionary, saving, buffer-stock, investment, oil exporters, fiscal policy, exporters, exporting countries, domestic investment
Policymakers in oil-exporting countries confront the question of how to allocate oil revenues among consumption, saving, and investment in the face of high income volatility. We study this allocation problem in a p...