Measures of Fiscal Risk in Hydrocarbon-Exporting Countries »
Journal Issue
Volume/Issue: 2012/260
Series: IMF Working Papers
Author(s): Carlos Caceres , and Leandro Medina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 October 2012
DOI: http://dx.doi.org/10.5089/9781475530162.001
ISBN: 9781475530162
Keywords: stochastic simulations, volatility, break-even prices, exporting countries, commodity prices, break-even prices., Forecasting and Other Model Applications, Financial Forecasting and Simulation, General, Government Policy,
The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, mediu...