Alternative Fiscal Rules for Norway:
This paper considers long-term fiscal policy options in Norway, the world''s fifth largest oil exporter, in light of the substantial expected increase in pension outlays. It compares the current fiscal rule, which targets a (central government structural) non-oil deficit equal to 4 percent...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
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Schriftenreihe: | IMF Working Papers
Working Paper No. 07/241 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper considers long-term fiscal policy options in Norway, the world''s fifth largest oil exporter, in light of the substantial expected increase in pension outlays. It compares the current fiscal rule, which targets a (central government structural) non-oil deficit equal to 4 percent of Government Pension Fund assets, with three alternatives that save a larger share of oil revenue and accumulate more assets to pay for aging costs. It also analyzes the macroeconomic consequences of accumulating more assets, finding that the additional income generated from more assets allows lower tax rates, with positive effects on long-term output |
Beschreibung: | 1 Online-Ressource (30 p) |
ISBN: | 1451868049 9781451868043 |
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spelling | Leigh, Daniel Verfasser aut Alternative Fiscal Rules for Norway Leigh, Daniel Washington, D.C International Monetary Fund 2007 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/241 This paper considers long-term fiscal policy options in Norway, the world''s fifth largest oil exporter, in light of the substantial expected increase in pension outlays. It compares the current fiscal rule, which targets a (central government structural) non-oil deficit equal to 4 percent of Government Pension Fund assets, with three alternatives that save a larger share of oil revenue and accumulate more assets to pay for aging costs. It also analyzes the macroeconomic consequences of accumulating more assets, finding that the additional income generated from more assets allows lower tax rates, with positive effects on long-term output Online-Ausg Jafarov, Etibar Sonstige oth http://elibrary.imf.org/view/IMF001/08788-9781451868043/08788-9781451868043/08788-9781451868043.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Leigh, Daniel Alternative Fiscal Rules for Norway |
title | Alternative Fiscal Rules for Norway |
title_auth | Alternative Fiscal Rules for Norway |
title_exact_search | Alternative Fiscal Rules for Norway |
title_exact_search_txtP | Alternative Fiscal Rules for Norway |
title_full | Alternative Fiscal Rules for Norway Leigh, Daniel |
title_fullStr | Alternative Fiscal Rules for Norway Leigh, Daniel |
title_full_unstemmed | Alternative Fiscal Rules for Norway Leigh, Daniel |
title_short | Alternative Fiscal Rules for Norway |
title_sort | alternative fiscal rules for norway |
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