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5 Statistical Properties of Oil Prices: Implications for Calculating Government Wealth

5 Statistical Properties of Oil Prices: Implications for Calculating Government Wealth »

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 Understanding the statistical properties of oil prices is important for fiscal policy formulation in oil-producing countries. Specifically, the extent...

3 Operational Aspects of Fiscal Policy in Oil-Producing Countries

3 Operational Aspects of Fiscal Policy 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 Oil-producing countries face challenges arising from the fact that oil revenue is exhaustible, volatile, and uncertain and largely originates from abr...

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...

11 Stabilization and Savings Funds for Nonrenewable Resources: Experience and Fiscal Policy Implications

11 Stabilization and Savings Funds for Nonrenewable Resources: Experience and Fiscal Policy Implications »

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 Acountry with large exhaustible resources such as oil can benefit substantially from them, but the revenues from exploiting these resources can pose challenges. Fisca...