1.

Record Nr.

UNINA9910464001903321

Autore

Costa Mercedes da

Titolo

Constraints on the design and implementation of monetary policy in oil economies : the case of Venezuela / / Mercedes da Costa and Víctor Olivo

Pubbl/distr/stampa

[Washington, District of Columbia] : , : International Monetary Fund, , 2008

©2008

ISBN

1-4623-8203-7

1-4527-1175-5

9786612840937

1-282-84093-2

1-4518-7000-0

Descrizione fisica

1 online resource (49 p.)

Collana

IMF Working Papers

IMF working paper ; ; WP/08/142

Altri autori (Persone)

OlivoVíctor

Disciplina

338.272820987

Soggetti

Petroleum industry and trade - Venezuela - Econometric models

Fiscal policy - Venezuela - Econometric models

Monetary policy - Venezuela - Econometric models

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Fiscal Dominance in Oil Economies; A. Oil Dominance and Fiscal Dominance: Analytical Framework; B. Transmission Mechanism; III. Oil Economies: Some Stylized Facts; Tables; 1. Exchange Rate and Nominal Anchor for Major OCD in 2005; Figures; 1. OEC: Average Rate of Nominal Growth of Monetary Base and Changes in Oil Prices; 2. OEC: Primary Balance of the General Government; 3. Change in the CPI-OEC and Oil Prices, 1979-2005; IV. Oil Dominance in Venezuela; 4. Selected OEC: Average Δ% Change in the CPI, 1999-2005 Ranked by Xo/XT

5. Oil Prices (/B- Venezuelan Basket), and Ratio Xo/XT, 960-20056. Venezuela: Oil in the Economy; 2. Venezuela: Selected Indicators; 7. Venezuela: Rates of Growth of Real GDP, CPI, and Oil Prices; 3.



Venezuela: Exchange Rate System, 1964-2007; 8. Venezuela: Ratios of Central Bank Instruments of Monetary Control (CBIMC); A. Oil Dominance/Fiscal Dominance: Simple Correlations; B. Oil Dominance/Fiscal Dominance Hypothesis for Venezuela; V. Conclusions; Appendices; I. Oil Exporting Countries-Selected Indicators; Appendix Tables

A.I.1. Classification and Evluation of Oil Exporting Countries, based on the Ratio of Oil Exports to GDPA.I.2. Oil Exporting Countries: Selected Indicators; A.I.3. Oil Exporting Countries: Selected Indicators; A.I.4. Oil Exporting Countries: Selected Indicators; II. Management of Oil Resources: Oil Funds and International Reserves; A.II.1. Venezuela: Macroeconomic Stabilization Fund (FEM and Investment Fund for Macroeconomic Stabilization (FIEM); A.II.2. Central Bank of Venezuela-Balance Sheet; III. Descriptive Statistics and Pair-Wise Correlations for Selected Economic Indicators

Appendix FiguresA.III.1. Venezuela: Changes in Oil Prices, Oil Exports, Fiscal Revenue, and Primary Expenditures, 1960-2005; A.III.2. Venezuela: Change in Primary Fiscal Expenditure, Non-Oil GDP Inflation, and Monetary Base, 1960-2005; A.III.3. Venezuela: Five-Year Moving Variences of Rates of Growth of Selected Indicators, 1965-2005; A.III.4. Venezuela: Overall Fiscal Balance and Domestic Primary Deficit (Percentage of GDP); References

Sommario/riassunto

By definition, fiscal dominance impedes the effective implementation of any monetary strategy aimed at controlling inflation. Economies that exhibit oil dominance-a situation in which oil exports largely affect the main macroeconomic indicators-may also exhibit fiscal dominance. However, in this case, the standard indicators used to gauge the presence of fiscal dominance may fail to give the appropriate signals. The main purpose of this paper is twofold: i) to present a simple framework to analyze fiscal dominance in oil exporting countries and ii) to test the hypothesis of the presence of oil



2.

Record Nr.

UNINA9910706711903321

Autore

Koch Ellis

Titolo

Design and operation of the artificial-recharge plant at Bay Park, New York / / by Ellis Koch, Anthony A. Giaimo, and Dennis J. Sulam; prepared in cooperation with the Nassau County Department of Public Works

Pubbl/distr/stampa

Washington : , : United States Department of the Interior, Geological Survey, , 1973

Descrizione fisica

1 online resource (iii, B14 pages) : illustrations + + 1 plate

Collana

Geological Survey professional paper ; ; 751-B

Soggetti

Artificial groundwater recharge - New York (State) - Bay Park

Deep-well disposal - New York (State) - Bay Park

Artificial groundwater recharge

Deep-well disposal

New York (State) Bay Park

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"Deep-well artificial-recharge experiments at Bay Park, Long Island, New York."

Nota di bibliografia

Includes bibliographical references (page B14).