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2 An Alternative Interpretation of the “Resource Curse”: Theory and Policy Implications

2 An Alternative Interpretation of the “Resource Curse”: Theory and Policy Implications »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction It is often said that most people when reading about a theory wonder if it works in practice. Economists, when seeing things working in practice, wond...

Appendix

Appendix »

Source: Regional Economic Outlook, November 2006, Western Hemisphere

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2006

ISBN: 9781589065949

Keywords: fiscal impulse, commodity prices, public debt, fiscal policy, fiscal impulses

Methodology for Fiscal Impulse Calculations 1 The fiscal impulse calculations presented in the text follow an approach similar to Chand...

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease »

Source: Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease

Volume/Issue: 2010/94

Series: IMF Working Papers

Author(s): Kareem Ismail , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

ISBN: 9781451982718

Keywords: Fiscal Asymmetry, export value, reer, fiscal rules, oil export, Methodology for Collecting, Estimating, and Organizing Macroeconomic Data, Open Economy Macroeconomics, Macroeconomic Analyses of Economic Development

We examine the behavior of expenditure policy during boom-bust in commodity price cycles, and its implication for real exchange rate movements. To do so, we introduce a Dutch disease model with downward rigidities...

Distribución directa de los ingresos provenientes de recursos naturales

Distribución directa de los ingresos provenientes de recursos naturales »

Source: Distribución directa de los ingresos provenientes de recursos naturales : ¿vale la pena considerarla?

Volume/Issue: 2014/5

Series: Staff Discussion Notes

Author(s): Sanjeev Gupta , Alex Segura-Ubiergo , and Enrique Flores

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2015

Language: Spanish

ISBN: 9781513592626

Keywords: Recursos naturales, Ingreso, Distribución del ingreso, Política fiscal

Algunos académicos han sostenido que la distribución directa a la población de ingresos públicos provenientes de recursos naturales ayudaría a los países ricos en recursos naturales a escapar de la 'maldición de l...

17 Domestic Petroleum Price Smoothing in Developing and Transition Countries

17 Domestic Petroleum Price Smoothing in Developing and Transition Countries »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction This paper examines the case for smoothing retail petroleum prices in the face of volatile international oil prices in developing countries where petroleum prices are...

The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America

The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America »

Source: The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America

Volume/Issue: 2010/192

Series: IMF Working Papers

Author(s): Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

ISBN: 9781455202263

Keywords: procyclicality, fiscal positions, exporting countries, price fluctuations, National Government Expenditures and Related Policies: General,

The recent boom and bust in commodity prices has raised concerns about the impact of volatile commodity prices on Latin American countries' fiscal positions. Using a novel quarterly data set-which includes unique c...

18 Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union

18 Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Adecade into the transition, many of the successor states of the former Soviet Union (FSU) still struggle with adapting their energy sectors to the ma...

1 Fiscal Challenges in Oil-Producing Countries: An Overview

1 Fiscal Challenges in Oil-Producing Countries: An Overview »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

This volume brings together papers that deal with a wide range of macroeconomic and fiscal issues in oil-producing countries, and aims at providing policy recommenda...

Fiscal Policy and Business Cycles in an Oil-Producing Economy

Fiscal Policy and Business Cycles in an Oil-Producing Economy »

Source: Fiscal Policy and Business Cycles in an Oil-Producing Economy : The Case of Venezuela

Volume/Issue: 2005/237

Series: IMF Working Papers

Author(s): Alfredo Baldini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451862560

Keywords: Macroeconomic Volatility, fiscal outcomes, fiscal stance, expenditures, expenditure, Fiscal Policies and Behavior of Economic Agents: General, Nonrenewable Resources and Conservation: Government Policy, Venezuela, Republica Bolivariana De,

This paper analyzes the fiscal policy in Venezuela during 1991-2003, by using a number of statistical approaches to analyze trends and cycles of economic output and fiscal outcomes. The business cycle features a st...

12 Fiscal Policy and Petroleum Fund Management in Norway

12 Fiscal Policy and Petroleum Fund Management in Norway »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction One of the challenges of policymaking is to illustrate complex ideas in a way that is easy to understand. Mundane as this may seem, it really goes to the core of poli...