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150128 ||| eng |
| 020 |
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|a 9781451858884
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| 100 |
1 |
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|a Barnett, Steven
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| 245 |
0 |
0 |
|a Operational Aspects of Fiscal Policy in Oil-Producing Countries
|c Steven Barnett, Rolando Ossowski
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2002
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| 300 |
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|a 35 pages
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| 651 |
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4 |
|a Norway
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| 653 |
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|a Fiscal stance
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| 653 |
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|a Energy: Demand and Supply
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| 653 |
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|a Oil prices
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| 653 |
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|a Budget Systems
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Oil
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| 653 |
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|a Investments: Energy
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| 653 |
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|a Taxes
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| 653 |
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|a Contingent Pricing
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| 653 |
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|a Debt Management
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| 653 |
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|a National Deficit Surplus
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Debt
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Resource Booms
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| 653 |
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|a option pricing
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| 653 |
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|a Petroleum industry and trade
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| 653 |
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|a National Government Expenditures and Related Policies: General
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| 653 |
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|a Expenditure
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| 653 |
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|a Nonrenewable Resources and Conservation: Government Policy
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Futures Pricing
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| 653 |
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|a Commodities
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| 653 |
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|a Energy: General
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| 653 |
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|a Business Taxes and Subsidies
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| 653 |
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|a Expenditures, Public
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a National Budget
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| 653 |
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|a Investment & securities
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| 653 |
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|a Taxation
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| 653 |
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|a Oil, gas and mining taxes
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| 653 |
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|a Public Finance
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| 700 |
1 |
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|a Ossowski, Rolando
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
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|a 10.5089/9781451858884.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2002/177/001.2002.issue-177-en.xml?cid=16121-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a Oil-producing countries face challenges arising from the fact that oil revenue is exhaustible, volatile, and uncertain, and largely originates from abroad. Reflecting these challenges, the paper proposes some important general principles for the formulation and assessment of fiscal policy in these countries. The main findings can be summarized in some key guidelines: the non-oil balance should feature prominently in the formulation of fiscal policy; it should generally be adjusted gradually; the government should strive to accumulate substantial financial assets over the period of oil production; and, where necessary, strategies should aim at breaking procyclical fiscal responses to volatile oil prices
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