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I Introduction »
Source: Managing the Oil Revenue Boom : The Role of Fiscal Institutions
Series: Occasional Papers
Author(s): Mauricio Villafuerte , Rolando Ossowski , Theo Thomas , and Paulo Medas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2008
ISBN: 9781589067189
Keywords: Financial institutions, Oil revenues, oil-producing countries, fiscal policy, oil prices, fiscal rules
Oil-producing countries have benefited from rising oil prices in recent years, with important implications for their external and fiscal balances. The average price of oil tripled from US$18 a barrel in 1999...
II The Recent Oil Boom »
Source: Managing the Oil Revenue Boom : The Role of Fiscal Institutions
Series: Occasional Papers
Author(s): Mauricio Villafuerte , Rolando Ossowski , Theo Thomas , and Paulo Medas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2008
ISBN: 9781589067189
Keywords: Financial institutions, Oil revenues, oil-producing countries, fiscal policy, oil prices, fiscal rules
This section provides an overview of the fiscal policy responses of oil-producing countries to the oil boom through 2005. 1 Although the analysis focuses on broad trends, the sign...
III Special Fiscal Institutions and the Management of Oil Revenue— Recent International Experience »
Source: Managing the Oil Revenue Boom : The Role of Fiscal Institutions
Series: Occasional Papers
Author(s): Mauricio Villafuerte , Rolando Ossowski , Theo Thomas , and Paulo Medas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2008
ISBN: 9781589067189
Keywords: Financial institutions, Oil revenues, oil-producing countries, fiscal policy, oil prices, fiscal rules
Many oil-producing countries have had difficulties in addressing the challenges posed by dependence on oil revenues. Countries with large oil resources can benefit substantially from oil revenue, but some ch...
IV Quantitative Assessment of the Impact of Fiscal Institutions on Fiscal Outcomes »
Source: Managing the Oil Revenue Boom : The Role of Fiscal Institutions
Series: Occasional Papers
Author(s): Mauricio Villafuerte , Rolando Ossowski , Theo Thomas , and Paulo Medas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2008
ISBN: 9781589067189
Keywords: Financial institutions, Oil revenues, oil-producing countries, fiscal policy, oil prices, fiscal rules
This section presents a quantitative approach to assess the impact of SFIs on the broad fiscal policy responses of oil-producing countries to the oil boom up to 2005. As discussed in Section II, the response...
Managing the Oil Revenue Boom : The Role of Fiscal Institutions »
Series: Occasional Papers
Author(s): Mauricio Villafuerte , Rolando Ossowski , Theo Thomas , and Paulo Medas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2008
DOI: http://dx.doi.org/10.5089/9781589067189.084
ISBN: 9781589067189
Keywords: Financial institutions, Oil revenues, oil-producing countries, fiscal policy, oil prices, fiscal rules
Oil-producing countries have benefited from rising oil prices in recent years. The increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how gover...
Back Matter »
Source: Managing the Oil Revenue Boom : The Role of Fiscal Institutions
Series: Occasional Papers
Author(s): Mauricio Villafuerte , Rolando Ossowski , Theo Thomas , and Paulo Medas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2008
ISBN: 9781589067189
Keywords: Financial institutions, Oil revenues, oil-producing countries, fiscal policy, oil prices, fiscal rules
Oil-producing countries have benefited from rising oil prices in recent years. The increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how gover...
Front Matter »
Source: Managing the Oil Revenue Boom : The Role of Fiscal Institutions
Series: Occasional Papers
Author(s): Mauricio Villafuerte , Rolando Ossowski , Theo Thomas , and Paulo Medas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2008
ISBN: 9781589067189
Keywords: Financial institutions, Oil revenues, oil-producing countries, fiscal policy, oil prices, fiscal rules
Oil-producing countries have benefited from rising oil prices in recent years. The increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how gover...
V A Framework for Strengthening Fiscal Institutions in Oil-Producing Countries »
Source: Managing the Oil Revenue Boom : The Role of Fiscal Institutions
Series: Occasional Papers
Author(s): Mauricio Villafuerte , Rolando Ossowski , Theo Thomas , and Paulo Medas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2008
ISBN: 9781589067189
Keywords: Financial institutions, Oil revenues, oil-producing countries, fiscal policy, oil prices, fiscal rules
The experience with the recent oil boom highlights the importance of ensuring the quality of spending and the sustainability of fiscal policies. For countries with appropriately strong fiscal positions and b...
Part I Macroeconomic Environment »
Source: Northern Star : Canada's Path to Economic Prosperity
Series: Occasional Papers
Author(s): Vladimir Klyuev , Martin Mühleisen , and Tamim Bayoumi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 October 2007
ISBN: 9781589066144
Keywords: Economic growth, Energy, Banking, Inflation targeting, pension, inflation, retirement, monetary policy, ld
...
Chile : Institutions and Policies Underpinning Stability and Growth »
Series: Occasional Papers
Author(s): Eliot Kalter , Steven Phillips , Manmohan Singh , Mauricio Villafuerte , Rodolfo Luzio , and Marco Espinosa-Vega
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 June 2004
DOI: http://dx.doi.org/10.5089/9781589063259.084
ISBN: 9781589063259
Keywords: Economic growth, central bank, inflation, capital markets, banking, external debt
This paper presents the primary institutions and economic policies that have led to Chile's remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of...