Series: IMF Working Papers
Author(s): Stéphane Carcillo , Mauricio Villafuerte , and Daniel Leigh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2007
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...