Cyclical fiscal rules for oil-exporting countries /

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Bibliographic Details
Author / Creator:	Snudden, Stephen, author.
Imprint:	Washington, D.C. : International Monetary Fund, 2013.
Description:	1 online resource
Language:	English
Series:	IMF working paper ; WP/13/229 IMF working paper ; WP/13/229.
Subject:	Petroleum industry and trade -- Economic aspects. Fiscal policy. Fiscal policy. Petroleum industry and trade -- Economic aspects. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12502221

Hidden Bibliographic Details
ISBN:	1306193850 9781306193856
Notes:	Print version record.
Summary:	Structural budget-balance rules with countercyclical elements appear well suited to stabilize the macroeconomic volatility of oil-exporting countries and have been used successfully by other commodity exporters. Using a global DSGE model, the efficient design of such rules is found to depend on the source of oil price fluctuations and the oil exporters' structural characteristics. The output-inflation tradeoff is of particular concern for oil exporters relative to non-oil exporters due to the pass through of oil prices into headline inflation. Fiscal rules are best when coordinated with inflat.
Other form:	Print version: 9781306193856

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