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Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy

Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy »

Source: Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy : Lessons from Gabon

Volume/Issue: 2006/193

Series: IMF Working Papers

Author(s): Jan-Peter Olters , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2006

ISBN: 9781451864533

Keywords: Sustainable fiscal policy, habit formation, permanent-income hypothesis, primary deficit, oil production, government spending, oil reserves, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy, And General Outlook

While models based on Friedman's (1957) permanent-income hypothesis can provide oilproducing countries with long-run fiscal targets, they usually abstract from short-run costs associated with consolidation. This pa...

Trinidad and tobago

Trinidad and tobago »

Source: Trinidad and tobago : The Energy Boom and Proposals for a Sustainable Fiscal Policy

Volume/Issue: 2005/197

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2005

ISBN: 9781451862164

Keywords: oil boom, permanent income hypothesis, oil and gas, natural gas, gas production, oil prices, Macroeconomic - Aspects of Public Finance, Macroeconomic Policy, and General Outlook, National Government Expenditures and Related Policies

Trinidad and Tobago is experiencing an energy boom stronger than the ones in 1970s and 1980s. The main fiscal policy challenge is to ensure that the increased revenues from the ultimately exhaustible resources are...

Catch-Up Growth, Habits, Oil Depletion, and Fiscal Policy

Catch-Up Growth, Habits, Oil Depletion, and Fiscal Policy »

Source: Catch-Up Growth, Habits, Oil Depletion, and Fiscal Policy : Lessons from the Republic of Congo

Volume/Issue: 2007/80

Series: IMF Working Papers

Author(s): Stéphane Carcillo , Mauricio Villafuerte , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2007

ISBN: 9781451866445

Keywords: Sustainable fiscal policy, habit formation, permanent-income hypothesis, catch-up growth, primary deficit, expenditure, government spending, public spending, Congo, Macroeconomic - Aspects Of Public Finance

In a number of oil producing countries, oil revenue accounts for the majority of government revenue, but is expected to be depleted in a relatively short time frame. Ensuring that fiscal policy is on a sustainable...

Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy
			: Lessons from Gabon

Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy : Lessons from Gabon »

Volume/Issue: 2006/193

Series: IMF Working Papers

Author(s): Jan-Peter Olters , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2006

DOI: http://dx.doi.org/10.5089/9781451864533.001

ISBN: 9781451864533

Keywords: Sustainable fiscal policy, habit formation, permanent-income hypothesis, primary deficit, oil production, government spending, oil reserves, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy, And General Outlook

While models based on Friedman's (1957) permanent-income hypothesis can provide oilproducing countries with long-run fiscal targets, they usually abstract from short-run costs associated with consolidation. This pa...

Trinidad and tobago
			: The Energy Boom and Proposals for a Sustainable Fiscal Policy

Trinidad and tobago : The Energy Boom and Proposals for a Sustainable Fiscal Policy »

Volume/Issue: 2005/197

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2005

DOI: http://dx.doi.org/10.5089/9781451862164.001

ISBN: 9781451862164

Keywords: oil boom, permanent income hypothesis, oil and gas, natural gas, gas production, oil prices, Macroeconomic - Aspects of Public Finance, Macroeconomic Policy, and General Outlook, National Government Expenditures and Related Policies

Trinidad and Tobago is experiencing an energy boom stronger than the ones in 1970s and 1980s. The main fiscal policy challenge is to ensure that the increased revenues from the ultimately exhaustible resources are...

Catch-Up Growth, Habits, Oil Depletion, and Fiscal Policy
			: Lessons from the Republic of Congo

Catch-Up Growth, Habits, Oil Depletion, and Fiscal Policy : Lessons from the Republic of Congo »

Volume/Issue: 2007/80

Series: IMF Working Papers

Author(s): Stéphane Carcillo , Mauricio Villafuerte , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2007

DOI: http://dx.doi.org/10.5089/9781451866445.001

ISBN: 9781451866445

Keywords: Sustainable fiscal policy, habit formation, permanent-income hypothesis, catch-up growth, primary deficit, expenditure, government spending, public spending, Congo, Macroeconomic - Aspects Of Public Finance

In a number of oil producing countries, oil revenue accounts for the majority of government revenue, but is expected to be depleted in a relatively short time frame. Ensuring that fiscal policy is on a sustainable...