Series: IMF Working Papers
Author(s): Jan Gunning , and Paul Collier
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 1996
Keywords: taxation, central bank, inflation, public expenditure
On the basis of a comparative study of 23 episodes involving commodity price shocks we find that both the public and private sectors typically save around half of a windfall gain resulting from a price rise. We arg...