Search Results

You are looking at 1 - 10 of 10 items :

  • Keyword: fiscal x
  • Venezuela, República Bolivariana de x
  • International - Economics x
  • Books and Analytical Papers x
Clear All Modify Search
Fiscal Sustainability with Non-Renewable Resources1

Fiscal Sustainability with Non-Renewable Resources1 »

Source: Fiscal Sustainability with Non-Renewable Resources

Volume/Issue: 1998/26

Series: IMF Working Papers

Author(s): Nigel Chalk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

ISBN: 9781451844351

Keywords: Fiscal sustainability, non-renewable resource, oil producers, terms of trade, fiscal position, oil prices, fiscal policies

This paper assesses sustainable fiscal behavior in an economy where wealth is derived predominantly from a non-renewable resource. It explores the issue in a simple dynamic framework that highlights the structural...

Inflation and the Black Market Exchange Rate in a Repressed Market

Inflation and the Black Market Exchange Rate in a Repressed Market »

Source: Inflation and the Black Market Exchange Rate in a Repressed Market : A Model of Venezuela

Volume/Issue: 2016/159

Series: IMF Working Papers

Author(s): Valerie Cerra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2016

ISBN: 9781475523201

Keywords: inflation; black market; exchange rate; Venezuela; foreign exchange rationing; scarcity; cash in advance constraint; oil revenue; fiscal dominance

This paper presents a stylized general equilibrium model of the Venezuelan economy. The model explains how the recent sharp fall in oil revenue combines with foreign exchange rationing to produce a steep rise in in...

The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America

The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America »

Source: The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America

Volume/Issue: 2010/192

Series: IMF Working Papers

Author(s): Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

ISBN: 9781455202263

Keywords: procyclicality, fiscal positions, exporting countries, price fluctuations, National Government Expenditures and Related Policies: General,

The recent boom and bust in commodity prices has raised concerns about the impact of volatile commodity prices on Latin American countries' fiscal positions. Using a novel quarterly data set-which includes unique c...

Volatility and Growth in Latin America

Volatility and Growth in Latin America »

Source: Volatility and Growth in Latin America : An Episodic Approach

Volume/Issue: 2006/287

Series: IMF Working Papers

Author(s): Ratna Sahay , and Rishi Goyal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

ISBN: 9781451865479

Keywords: Growth, Volatility, Structural Reforms, Episodic Approach, fiscal policy, terms of trade, exchange rate regime, fiscal balance, trade liberalization, Econometric and Statistical Methods: Special Topics: General,

This paper compares the pattern of macroeconomic volatility in 17 Latin American countries during episodes of high and low growth since 1970, examining in particular the role of policy volatility. Macroeconomic out...

Oil Exporters' Dilemma

Oil Exporters' Dilemma »

Source: Oil Exporters' Dilemma : How Much to Save and How Much to Invest

Volume/Issue: 2012/4

Series: IMF Working Papers

Author(s): Reda Cherif , and Fuad Hasanov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781475502459

Keywords: volatility, precautionary, saving, buffer-stock, investment, oil exporters, fiscal policy, exporters, exporting countries, domestic investment

Policymakers in oil-exporting countries confront the question of how to allocate oil revenues among consumption, saving, and investment in the face of high income volatility. We study this allocation problem in a p...

Fiscal Sustainability with Non-Renewable Resources

Fiscal Sustainability with Non-Renewable Resources »

Volume/Issue: 1998/26

Series: IMF Working Papers

Author(s): Nigel Chalk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

DOI: http://dx.doi.org/10.5089/9781451844351.001

ISBN: 9781451844351

Keywords: Fiscal sustainability, non-renewable resource, oil producers, terms of trade, fiscal position, oil prices, fiscal policies

This paper assesses sustainable fiscal behavior in an economy where wealth is derived predominantly from a non-renewable resource. It explores the issue in a simple dynamic framework that highlights the structural...

Inflation and the Black Market Exchange Rate in a Repressed Market
			: A Model of Venezuela

Inflation and the Black Market Exchange Rate in a Repressed Market : A Model of Venezuela »

Volume/Issue: 2016/159

Series: IMF Working Papers

Author(s): Valerie Cerra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2016

DOI: http://dx.doi.org/10.5089/9781475523201.001

ISBN: 9781475523201

Keywords: inflation; black market; exchange rate; Venezuela; foreign exchange rationing; scarcity; cash in advance constraint; oil revenue; fiscal dominance

This paper presents a stylized general equilibrium model of the Venezuelan economy. The model explains how the recent sharp fall in oil revenue combines with foreign exchange rationing to produce a steep rise in in...

The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America

The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America »

Volume/Issue: 2010/192

Series: IMF Working Papers

Author(s): Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

DOI: http://dx.doi.org/10.5089/9781455202263.001

ISBN: 9781455202263

Keywords: procyclicality, fiscal positions, exporting countries, price fluctuations, National Government Expenditures and Related Policies: General,

The recent boom and bust in commodity prices has raised concerns about the impact of volatile commodity prices on Latin American countries' fiscal positions. Using a novel quarterly data set-which includes unique c...

Volatility and Growth in Latin America
			: An Episodic Approach

Volatility and Growth in Latin America : An Episodic Approach »

Volume/Issue: 2006/287

Series: IMF Working Papers

Author(s): Ratna Sahay , and Rishi Goyal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

DOI: http://dx.doi.org/10.5089/9781451865479.001

ISBN: 9781451865479

Keywords: Growth, Volatility, Structural Reforms, Episodic Approach, fiscal policy, terms of trade, exchange rate regime, fiscal balance, trade liberalization, Econometric and Statistical Methods: Special Topics: General,

This paper compares the pattern of macroeconomic volatility in 17 Latin American countries during episodes of high and low growth since 1970, examining in particular the role of policy volatility. Macroeconomic out...

Oil Exporters' Dilemma
			: How Much to Save and How Much to Invest

Oil Exporters' Dilemma : How Much to Save and How Much to Invest »

Volume/Issue: 2012/4

Series: IMF Working Papers

Author(s): Reda Cherif , and Fuad Hasanov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

DOI: http://dx.doi.org/10.5089/9781475502459.001

ISBN: 9781475502459

Keywords: volatility, precautionary, saving, buffer-stock, investment, oil exporters, fiscal policy, exporters, exporting countries, domestic investment

Policymakers in oil-exporting countries confront the question of how to allocate oil revenues among consumption, saving, and investment in the face of high income volatility. We study this allocation problem in a p...