A New Fiscal Framework for Resource-Rich Countries

Luc Eyraud, William Gbohoui, Paulo Medas

This paper revisits the debate on the design of fiscal rules in resource-rich countries. Its main objective is to assess alternative systems of rules against their policy objectives, while taking into account country characteristics. One of the contributions of the paper is to propose fiscal frameworks that are centered around the principle of insurance against shocks and less reliant on estimating precisely resource wealth, which tends to be highly volatile

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Year of publication:	2023
Authors:	Eyraud, Luc
Other Persons:	Gbohoui, William (contributor) ; Medas, Paulo (contributor)
Publisher:	Washington, D.C : International Monetary Fund
Subject:	Finanzpolitik \| Fiscal policy \| Haushaltskonsolidierung \| Fiscal consolidation \| Rohstoffvorkommen \| Resource deposit \| Rohstoffreichtum \| Resource wealth

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Extent:	1 Online-Ressource (68 pages)
Series:	IMF Working Papers
Type of publication:	Book / Working Paper
Language:	English
ISBN:	9798400259609
Other identifiers:	10.5089/9798400259609.001 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10015058962