Series: IMF Working Papers
Author(s): Suman Basu , Jan Gottschalk , Werner Schule , Nikhil Vellodi , and Susan Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 31 May 2013
Keywords: natural resource, resource-rich developing countries, DSGE models, monetary policy, central bank, inflation, foreign exchange, money supply, Exhaustible Resources and Economic Development, Economic Growth of Open Economies
To investigate the effects on Papua New Guinea’s economy of substantial liquified natural gas revenues arriving in 2015, we employ a model to examine the macroeconomic effects of a scalingup of natural resou...