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