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Fiscal Policy Rules for Oil-Producing Countries

Fiscal Policy Rules for Oil-Producing Countries »

Source: Fiscal Policy Rules for Oil-Producing Countries : A Welfare-Based Assessment

Volume/Issue: 2009/126

Series: IMF Working Papers

Author(s): Wojciech Maliszewski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2009

ISBN: 9781451872736

Keywords: nonrenewable resource, oil producers, oil, permanent income, social welfare, welfare function, social welfare function, welfare functions, social welfare functions,

The paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are sensitive to the choice of the social welfare function, initial conditions, and non-oil growth...

Fiscal Policy Rules for Oil-Producing Countries
			: A Welfare-Based Assessment

Fiscal Policy Rules for Oil-Producing Countries : A Welfare-Based Assessment »

Volume/Issue: 2009/126

Series: IMF Working Papers

Author(s): Wojciech Maliszewski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2009

DOI: http://dx.doi.org/10.5089/9781451872736.001

ISBN: 9781451872736

Keywords: nonrenewable resource, oil producers, oil, permanent income, social welfare, welfare function, social welfare function, welfare functions, social welfare functions,

The paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are sensitive to the choice of the social welfare function, initial conditions, and non-oil growth...