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10 Oil Revenue and Fiscal Federalism

10 Oil Revenue and Fiscal Federalism »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

Introduction Although the theory hardly recommends revenues from oil and gas as an ideal source of finance for subnational governments—with the exception of funds to...

4 The Political Economy of Fiscal Policy and Economic Management in Oil-Exporting Countries

4 The Political Economy of Fiscal Policy and Economic Management in Oil-Exporting Countries »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Most mineral exporters, and in particular the oil exporters, have done far less well than resource-poor countries over the past few decades, particula...

9 Oil Revenue Assignments: Country Experiences and Issues

9 Oil Revenue Assignments: Country Experiences and Issues »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction The assignment of oil revenues in multilevel countries raises a number of issues, including the right of subnational regions to raise revenues on natu...

CHPTER 8 Sustainable Fiscal Policy for Mineral-Based Economies

CHPTER 8 Sustainable Fiscal Policy for Mineral-Based Economies »

Source: Beyond the Curse : Policies to Harness the Power of Natural Resources

Series: Books

Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616351458

Keywords: natural resource, copper, inflation, commodity prices

INTRODUCTION Economic management in mineral- and energy-based extractive economies must confront a wide range of challenges: investments in the sector are large and long- term in nat...

15 Issues in Domestic Petroleum Pricing in Oil-Producing Countries

15 Issues in Domestic Petroleum Pricing in Oil-Producing Countries »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Petroleum product prices are often heavily regulated. Domestic price controls are prevalent, especially in countries that are net exporters of oil. Governments often...

17 Domestic Petroleum Price Smoothing in Developing and Transition Countries

17 Domestic Petroleum Price Smoothing in Developing and Transition Countries »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction This paper examines the case for smoothing retail petroleum prices in the face of volatile international oil prices in developing countries where petroleum prices are...

6 Revenue from the Oil and Gas Sector: Issues and Country Experience

6 Revenue from the Oil and Gas Sector: Issues and Country Experience »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Oil and gas extraction plays a dominant role as a source of export earnings and, to a lesser extent, employment in many developing countries. But the...

CHAPTER 10 How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical?

CHAPTER 10 How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical? »

Source: Beyond the Curse : Policies to Harness the Power of Natural Resources

Series: Books

Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

ISBN: 9781616351458

Keywords: natural resource, copper, inflation, commodity prices

THE PROBLEM OF PROCYCLICALITY Countries dependent on exports of oil, minerals, and other primary commodities tend to have pronounced economic cycles. Although this cyclical variabili...