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A Public Financial Management Framework for Resources-Producing Countries

A Public Financial Management Framework for Resources-Producing Countries »

Volume/Issue: 2010/72

Series: IMF Working Papers

Author(s): Jean-Luc Hélis , and Teresa Daban Sanchez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

DOI: http://dx.doi.org/10.5089/9781451982152.001

ISBN: 9781451982152

Keywords: Resource revenue management, resource curse, accountability, resource-producing countries, budget law, budget process, budget documents, annual budget, fiscal policy, Macroeconomic Policy

This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-...

Macroeconomic Stability in Resource-Rich Countries

Macroeconomic Stability in Resource-Rich Countries »

Volume/Issue: 2016/36

Series: IMF Working Papers

Author(s): Elva Bova , Paulo Medas , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

DOI: http://dx.doi.org/10.5089/9781475596465.001

ISBN: 9781475596465

Keywords: resource-rich countries, procyclical fiscal policy, commodity, prices, price, fiscal policy, General, Models with Panel Data, All Countries,, Natural resources

Resource-rich countries face large and persistent shocks, especially coming from volatile commodity prices. Given the severity of the shocks, it would be expected that these countries adopt countercyclical fiscal p...

Oil, National Wealth, and Current and Future Consumption Possibilities

Oil, National Wealth, and Current and Future Consumption Possibilities »

Volume/Issue: 1991/60

Series: IMF Working Papers

Author(s): Gunnar Tersman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1991

DOI: http://dx.doi.org/10.5089/9781451965285.001

ISBN: 9781451965285

Keywords: future consumption, budget constraint, fiscal policy, permanent income, real interest rate

This paper offers a discussion about the macroeconomics of exhaustible resources. In a resource-based economy, long-term sustainability is an obvious issue. This paper outlines some ideas on how to treat issues rel...

Resource Windfalls, Macroeconomic Stability and Growth
			: The Role of Political Institutions

Resource Windfalls, Macroeconomic Stability and Growth : The Role of Political Institutions »

Volume/Issue: 2011/142

Series: IMF Working Papers

Author(s): Kazim Kazimov , Kirk Hamilton , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2011

DOI: http://dx.doi.org/10.5089/9781455266432.001

ISBN: 9781455266432

Keywords: Commodity, macroeconomic stability, government spending, standard deviation, economic performance, Fiscal Policies and Behavior of Economic Agents: General, Multiple or Simultaneous Equation Models: Models with Panel Data,

We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-...

Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries

Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries »

Volume/Issue: 2000/112

Series: IMF Working Papers

Author(s): Ugo Fasano-Filho

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

DOI: http://dx.doi.org/10.5089/9781451853599.001

ISBN: 9781451853599

Keywords: oil stabilization fund, oil savings fund, oil exporting countries, Chile&;amp;#x2019;s copper fund, fiscal indicators, oil prices, central government fiscal, oil revenues, fiscal policy

The main purposes of this paper are to review the operational modalities and experience of oil funds currently in place in Norway, Chile (copper), the State of Alaska, Venezuela, Kuwait, and Oman, and to draw some...

Macroeconomic Stability in Resource-Rich Countries

Macroeconomic Stability in Resource-Rich Countries »

Source: Macroeconomic Stability in Resource-Rich Countries

Volume/Issue: 2016/36

Series: IMF Working Papers

Author(s): Elva Bova , Paulo Medas , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

ISBN: 9781475596465

Keywords: resource-rich countries, procyclical fiscal policy, commodity, prices, price, fiscal policy, General, Models with Panel Data, All Countries,, Natural resources

Resource-rich countries face large and persistent shocks, especially coming from volatile commodity prices. Given the severity of the shocks, it would be expected that these countries adopt countercyclical fiscal p...

Oil, National Wealth, and Current and Future Consumption Possibilities

Oil, National Wealth, and Current and Future Consumption Possibilities »

Source: Oil, National Wealth, and Current and Future Consumption Possibilities

Volume/Issue: 1991/60

Series: IMF Working Papers

Author(s): Gunnar Tersman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1991

ISBN: 9781451965285

Keywords: future consumption, budget constraint, fiscal policy, permanent income, real interest rate

This paper offers a discussion about the macroeconomics of exhaustible resources. In a resource-based economy, long-term sustainability is an obvious issue. This paper outlines some ideas on how to treat issues rel...

A Public Financial Management Framework for Resources-Producing Countries

A Public Financial Management Framework for Resources-Producing Countries »

Source: A Public Financial Management Framework for Resources-Producing Countries

Volume/Issue: 2010/72

Series: IMF Working Papers

Author(s): Jean-Luc Hélis , and Teresa Daban Sanchez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

ISBN: 9781451982152

Keywords: Resource revenue management, resource curse, accountability, resource-producing countries, budget law, budget process, budget documents, annual budget, fiscal policy, Macroeconomic Policy

This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-...

Resource Windfalls, Macroeconomic Stability and Growth

Resource Windfalls, Macroeconomic Stability and Growth »

Source: Resource Windfalls, Macroeconomic Stability and Growth : The Role of Political Institutions

Volume/Issue: 2011/142

Series: IMF Working Papers

Author(s): Kazim Kazimov , Kirk Hamilton , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2011

ISBN: 9781455266432

Keywords: Commodity, macroeconomic stability, government spending, standard deviation, economic performance, Fiscal Policies and Behavior of Economic Agents: General, Multiple or Simultaneous Equation Models: Models with Panel Data,

We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-...

Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries12

Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries12 »

Source: Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries

Volume/Issue: 2000/112

Series: IMF Working Papers

Author(s): Ugo Fasano-Filho

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

ISBN: 9781451853599

Keywords: oil stabilization fund, oil savings fund, oil exporting countries, Chile&;amp;#x2019;s copper fund, fiscal indicators, oil prices, central government fiscal, oil revenues, fiscal policy

The main purposes of this paper are to review the operational modalities and experience of oil funds currently in place in Norway, Chile (copper), the State of Alaska, Venezuela, Kuwait, and Oman, and to draw some...