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Fiscal Policy Sustainability in Oil-Producing Countries

Fiscal Policy Sustainability in Oil-Producing Countries »

Source: Fiscal Policy Sustainability in Oil-Producing Countries

Volume/Issue: 1994/137

Series: IMF Working Papers

Author(s): Sheila Bassett , Claire Liuksila , and Alejandro García

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1994

ISBN: 9781451855852

Keywords: oil reserves, fiscal stance, oil revenues, government revenue

Assessing the sustainability of a given fiscal policy is especially important for countries that depend on income from exhaustible resources. Political and growth pressures may push governments to raise expenditure...

Forestry Taxation in Africa

Forestry Taxation in Africa »

Source: Forestry Taxation in Africa : The Case of Liberia

Volume/Issue: 2005/156

Series: IMF Working Papers

Author(s): Saji Thomas , and Arnim Schwidrowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2005

ISBN: 9781451861754

Keywords: forest, forestry sector, forests, forest management, Taxation, Subsidies, and Revenue: General, Economywide Country Studies: Africa, Renewable Resources and Conservation: Forestry,

Countries generally tax the forestry sector to achieve the twin objectives of revenue maximization and sustainability of logging levels. In an ideal world of perfect markets and information, auctions would be the b...

How Much Is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria

How Much Is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria »

Source: How Much Is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria

Volume/Issue: 2006/142

Series: IMF Working Papers

Author(s): Ulrich Bartsch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

ISBN: 9781451864021

Keywords: Oil stabilization fund, Monte Carlo simulation, fiscal policy, fiscal spending, government spending, government revenue, Macroeconomics: Consumption, Saving, Production, Employment

In oil-dependent countries, a major issue is how to stabilize fiscal spending when government revenue fluctuates along with the international price of oil. A stabilization fund would allow the government to pull th...

Management of Oil Wealth Under the Permanent Income Hypothesis
			: The Case of São Tomé and Príncipe

Management of Oil Wealth Under the Permanent Income Hypothesis : The Case of São Tomé and Príncipe »

Volume/Issue: 2006/183

Series: IMF Working Papers

Author(s): Alonso Segura Vasi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2006

DOI: http://dx.doi.org/10.5089/9781451864434.001

ISBN: 9781451864434

Keywords: S&;amp;#x00E3;o Tom&;amp;#x00E9; and Pr&;amp;#x00ED;ncipe, permanent income hypothesis, oil production, oil prices, Sao Tome and Principe,

This paper documents the protracted process of shaping the rules governing oil operations in São Tomé and Príncipe. It analyzes the institutional framework for oil sector development, which applies Milton Friedman'...

A New Strategy for Korea's Fiscal Policy in a Low Growth Environment

A New Strategy for Korea's Fiscal Policy in a Low Growth Environment »

Volume/Issue: 2018/91

Series: IMF Working Papers

Author(s): Edda Zoli , Hou Wang , and Douglas Laxton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2018

DOI: http://dx.doi.org/10.5089/9781484352724.001

ISBN: 9781484352724

Keywords: Asia and Pacific, Korea, Republic of, aging; long-term fiscal sustainability; structural reforms; potential output, aging, long-term fiscal sustainability, structural reforms, potential output, Forecasting and Simulation

Adverse demographics and other structural weaknesses impinge on Korea's long-term fiscal outlook and potential growth. Moreover, inadequate social protection is creating poverty and dampening consumption. The paper...

A Primeron Mineral Taxation

A Primeron Mineral Taxation »

Volume/Issue: 2001/139

Series: IMF Working Papers

Author(s): Thomas Baunsgaard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2001

DOI: http://dx.doi.org/10.5089/9781451856040.001

ISBN: 9781451856040

Keywords: mineral tax, mining and petroleum, mineral extraction, rate of return, tax system, fiscal stability, tax rate,

The paper discusses options available to tax mineral extraction projects particularly in developing countries. A desirable government share of the economic rent generated from mineral extraction can be achieved thr...

A Status Update on Fiscal Exit Strategies

A Status Update on Fiscal Exit Strategies »

Volume/Issue: 2010/272

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2010

DOI: http://dx.doi.org/10.5089/9781455210794.001

ISBN: 9781455210794

Keywords: pension, retirement, health care, retirement age, Structure and Scope of Government: Other, Taxation, Subsidies, and Revenue: General, National Government Expenditures and Related Policies: General, National Deficit Surplus

With a modest recovery in the global economy underway, and amid rising concerns about the sharp increase in government debt in several countries, debate has increasingly focused on the need to identify and implemen...

Canada's Carbon Price Floor

Canada's Carbon Price Floor »

Volume/Issue: 2018/42

Series: IMF Working Papers

Author(s): Ian Parry , and Victor Mylonas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2018

DOI: http://dx.doi.org/10.5089/9781484345191.001

ISBN: 9781484345191

Keywords: Western Hemisphere, Canada, carbon price, price floor, welfare impacts, incidence, effective carbon price, competitiveness impacts, Environmental Economics: Government Policy

The pan-Canadian approach to carbon pricing, announced in October 2016, ensures that carbon pricing applies throughout Canada in 2018, with increasing stringency over time to reduce emissions. Canadian provinces an...

Carbon Taxation for International Maritime Fuels: Assessing the Options

Carbon Taxation for International Maritime Fuels: Assessing the Options »

Volume/Issue: 2018/203

Series: IMF Working Papers

Author(s): Ian Parry , Dirk Heine , Kelley Kizzier , and Tristan Smith

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 September 2018

DOI: http://dx.doi.org/10.5089/9781484374559.001

ISBN: 9781484374559

Keywords: Maritime emissions, climate mitigation, carbon tax, revenue-neutral feebate, design issues, spreadsheet model, International Marime Organization, Environmental Economics: Government Policy

The International Maritime Organization (IMO) announced in April 2018 a target of cutting greenhouse gas (GHG) emissions from the sector by 50 percent below 2008 levels by 2050 and subsequent meetings of the IMO wi...

Climate Mitigation in China
			: Which Policies Are Most Effective?

Climate Mitigation in China : Which Policies Are Most Effective? »

Volume/Issue: 2016/148

Series: IMF Working Papers

Author(s): Ian Parry , Baoping Shang , Philippe Wingender , Nate Vernon , and Tarun Narasimhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2016

DOI: http://dx.doi.org/10.5089/9781475574524.001

ISBN: 9781475574524

Keywords: Paris Agreement, carbon tax, China, air pollution, coal tax, emissions trading, incidence, welfare effects

For the 2015 Paris Agreement on climate change, China pledged to reduce the carbon dioxide (CO2) intensity of GDP by 60-65 percent below 2005 levels by 2030. This paper develops a practical spreadsheet tool for eva...