Harnessing Windfall Revenues: Optimal Policies for Resource‐Rich Developing Economies

Harnessing windfall revenues: optimal policies for resource-rich developing economies

A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription of an ever-lasting increase in consumption financed by borrowing ahead of the windfall and then accu...

Optimal Sterilization Policies in Interdependent Economies

Regulation policies concerning natural monopolies in developing and transition economies

Network industries are often organized as vertically integrated public monopolies. Recent trends indicate the participation of the private sector. Developing and transition economies need to establish adequate regulatory policies and institutions to provide incentives for private sector participation and to protect public interests. New regulatory policies entail the creation of market competit...

Essays on Optimal Aid and Fiscal Policy in Developing Economies

TITLE OF DISSERTATION: ESSAYS ON OPTIMAL AID AND FISCAL POLICY IN DEVELOPING ECONOMIES Ryan Niladri Banerjee, Doctor of Philosophy, 2010 Dissertation directed by: Professor Enrique G. Mendoza Department of Economics Essay I: Which countries receive aid as insurance and why? A theory of optimal aid policy Empirical evidence shows that developing countries with opaque institutions receive procycl...

Blum Center for Developing Economies

2012 WE CARE Solar Berkeley Green Home CARES: Renewable Energy and Sustainability Squash and Vine Coal Power and Reversing Climate Sunlight to Electricity Mobile Energy Savings System Zaakta Monte Verde Solar INSTAR DC Microgrids Bottle Recycling Project Gram Power Green Cement Urban Eco Blocks Biofueled Future for Central America Since it was established in 2006, the Blum Center has supported ...