Managing Resource Revenues in Developing Economies
نویسندگان
چکیده
منابع مشابه
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...
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ژورنال
عنوان ژورنال: IMF Staff Papers
سال: 2009
ISSN: 1020-7635,1564-5150
DOI: 10.1057/imfsp.2009.16