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Oil, National Wealth, and Current and Future Consumption Possibilities

This paper offers a discussion about the macroeconomics of exhaustible resources. In a resource-based economy, long-term sustainability is an obvious issue. This paper outlines some ideas on how to treat issues related to exhaustible resources in a macroeconomic context. Based on a small dynamic gen...

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Bibliographic Details
Main Author: Tersman, Gunnar
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1991
Series:IMF Working Papers
Subjects:
Interest Rates
Energy: Demand And Supply
Wealth
Income
Oil Prices
Finance
Oil
Investments: Energy
Saving
Financial Services
Real Interest Rates
Aggregate Factor Income Distribution
Petroleum Industry And Trade
National Accounts
Nonrenewable Resources And Conservation: General
Commodities
Energy: General
Consumption; Economics
Macroeconomics: Consumption, Saving, Production, Employment, And Investment: General (includes Measurement And Data)
Banks And Banking
Consumption
Prices
Macroeconomics
Macroeconomics: Consumption
Interest Rates: Determination, Term Structure, And Effects
Investment & Securities
Norway
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper offers a discussion about the macroeconomics of exhaustible resources. In a resource-based economy, long-term sustainability is an obvious issue. This paper outlines some ideas on how to treat issues related to exhaustible resources in a macroeconomic context. Based on a small dynamic general equilibrium model, the approach is demonstrated with the help of some simple numerical examples
Physical Description:58 pages
ISBN:9781451965285

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