Fiscal Policy Formulation and Implementation in Oil-Producing Countries
Back Matter

Back Matter

Author(s):
Jeffrey Davis, Annalisa Fedelino, and Rolando Ossowski
Published Date:
August 2003
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Contributors

Ehtisham Ahmad, Division Chief, Fiscal Affairs Department, IMF

Steven Burnett, Resident Representative in Thailand, Asia and Pacific Department, IMF

Thomas Baunsgaard, Economist, Fiscal Affairs Department, IMF

Benedict Bingham, Deputy Division Chief, Asia and Pacific Department, IMF

Giorgio Brosio, Professor of Public Finance and Local Government, Department of Economics, University of Turin, Italy

Benedict Clements, Deputy Division Chief, Fiscal Affairs Department, IMF

James A. Daniel, Deputy Division Chief, Fiscal Affairs Department, IMF

Jeffrey Davis, Senior Advisor, Fiscal Affairs Department, IMF

Benn Eifert, Department of Economics, Stanford University

Ramón Espinasa, Consultant, Integration and Regional Programs Department, Inter-American Development Bank

Annalisa Fedelino, Senior Economist, Fiscal Affairs Department, IMF

Giulio Federico, Formerly Summer Intern, Fiscal Affairs Department, IMF

Kevin Fletcher, Economist, Fiscal Affairs Department, IMF

Alan Gelb, Chief Economist, Africa Regional Office, World Bank

Sanjeev Gupta, Assistant Director, Fiscal Affairs Department, IMF

Ricardo Hausmann, Professor, Kennedy School of Government, Harvard University

Gabriela Inchauste, Economist, Fiscal Affairs Department, IMF

Paul Mathieu, Senior Economist, European II Department, IMF

Charles E. McLure, Jr., Senior Fellow, Hoover Institution, Stanford University

Charles McPherson, Senior Advisor, Oil, Gas, Chemicals, and Mining Department, World Bank

Eric Mottu, Economist, Middle Eastern Department, IMF

Rolando Ossowski, Division Chief, Fiscal Affairs Department, IMF

Martin Petri, Economist, Fiscal Affairs Department, IMF

Roberto Rigobon, Professor, Sloan School of Management, Massachusetts Institute of Technology

Dominque Simard, Economist, Fiscal Affairs Department, IMF

Martin Skancke, Director General, Office of the Prime Minister, Norway

Emit M. Sunley, Assistant Director, Fiscal Affairs Department, IMF

Nils Borje Tallroth, Senior Economist, Africa Regional Office, World Bank

Giinther Taube, Senior Economist, Fiscal Affairs Department, IMF

Aleh Tsyvinski, Formerly Summer Intern, Fiscal Affairs Department, IMF

Bert van Selm, Economist, European II Department, IMF

Alvaro Vivanco, Formerly Research Assistant, Fiscal Affairs Department, IMF

John Wakeman-Linn, Deputy Division Chief, European II Department, IMF

Countries with large oil resources can benefit substantially from them. However, experience has also highlighted the challenges that oil revenue can pose to economic management. Despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerability to oil and other external shocks—even to the extent of prompting some observers to ask whether oil is a blessing or a curse.

Fiscal policy can play a central role in determining the extent to which a country benefits from its oil wealth. This book brings together studies that provide analysis and findings on fiscal policy issues in oil-producing countries from a diverse international perspective. A key focus for the authors has been on how to manage oil resources in a way that contributes to a stable macroeconomic environment, sustainable growth, and poverty reduction.

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