Series: IMF Working Papers
Author(s): Ulrich Bartsch
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2006
Keywords: Oil stabilization fund, Monte Carlo simulation, fiscal policy, fiscal spending, government spending, government revenue, Macroeconomics: Consumption, Saving, Production, Employment
In oil-dependent countries, a major issue is how to stabilize fiscal spending when government revenue fluctuates along with the international price of oil. A stabilization fund would allow the government to pull th...