Operational Aspects of Fiscal Policy in Oil-Producing Countries:
Oil-producing countries face challenges arising from the fact that oil revenue is exhaustible, volatile, and uncertain, and largely originates from abroad. Reflecting these challenges, the paper proposes some important general principles for the formulation and assessment of fiscal policy in these c...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 02/177 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | Oil-producing countries face challenges arising from the fact that oil revenue is exhaustible, volatile, and uncertain, and largely originates from abroad. Reflecting these challenges, the paper proposes some important general principles for the formulation and assessment of fiscal policy in these countries. The main findings can be summarized in some key guidelines: the non-oil balance should feature prominently in the formulation of fiscal policy; it should generally be adjusted gradually; the government should strive to accumulate substantial financial assets over the period of oil production; and, where necessary, strategies should aim at breaking procyclical fiscal responses to volatile oil prices |
| Beschreibung: | 1 Online-Ressource (35 p) |
| ISBN: | 1451858884 9781451858884 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:25Z |
| indexdate | 2024-07-10T09:35:34Z |
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| spelling | Barnett, Steven Verfasser aut Operational Aspects of Fiscal Policy in Oil-Producing Countries Barnett, Steven Washington, D.C International Monetary Fund 2002 1 Online-Ressource (35 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/177 Oil-producing countries face challenges arising from the fact that oil revenue is exhaustible, volatile, and uncertain, and largely originates from abroad. Reflecting these challenges, the paper proposes some important general principles for the formulation and assessment of fiscal policy in these countries. The main findings can be summarized in some key guidelines: the non-oil balance should feature prominently in the formulation of fiscal policy; it should generally be adjusted gradually; the government should strive to accumulate substantial financial assets over the period of oil production; and, where necessary, strategies should aim at breaking procyclical fiscal responses to volatile oil prices Online-Ausg Ossowski, Rolando Sonstige oth http://elibrary.imf.org/view/IMF001/05049-9781451858884/05049-9781451858884/05049-9781451858884.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Barnett, Steven Operational Aspects of Fiscal Policy in Oil-Producing Countries |
| title | Operational Aspects of Fiscal Policy in Oil-Producing Countries |
| title_auth | Operational Aspects of Fiscal Policy in Oil-Producing Countries |
| title_exact_search | Operational Aspects of Fiscal Policy in Oil-Producing Countries |
| title_exact_search_txtP | Operational Aspects of Fiscal Policy in Oil-Producing Countries |
| title_full | Operational Aspects of Fiscal Policy in Oil-Producing Countries Barnett, Steven |
| title_fullStr | Operational Aspects of Fiscal Policy in Oil-Producing Countries Barnett, Steven |
| title_full_unstemmed | Operational Aspects of Fiscal Policy in Oil-Producing Countries Barnett, Steven |
| title_short | Operational Aspects of Fiscal Policy in Oil-Producing Countries |
| title_sort | operational aspects of fiscal policy in oil producing countries |
| url | http://elibrary.imf.org/view/IMF001/05049-9781451858884/05049-9781451858884/05049-9781451858884.xml |
| work_keys_str_mv | AT barnettsteven operationalaspectsoffiscalpolicyinoilproducingcountries AT ossowskirolando operationalaspectsoffiscalpolicyinoilproducingcountries |