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010   $a9786612840715
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100   $a20140227h20082008  uy             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aCalculating sustainable non-mineral balances as benchmarks for fiscal policy $ethe case of Botswana /$fJens R. Clausen ; authorized for distribution by Francesco Caramazza
210  1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008.
210  4$dİ2008
215   $a1 online resource (17 p.)
225 1 $aIMF Working Papers
225  0$aIMF working paper ;$vWP/08/117
300   $aDescription based upon print version of record.
311   $a1-4519-1431-8 
320   $aIncludes bibliographical references.
327   $aContents; I. Introduction; II. Fiscal Policy in Resource-Rich Countries:; A. International Experience; B. The Permanent Income Hypothesis; C. Mathematical Representation of How to Calculate Benchmarks; III. The Case of Botswana; A. Background; B. Calculating Sustainable Non-mineral Balances for Botswana; Figures; 1 Botswana: Mineral Revenues, Annuity, and Asset Accumulation; Table; 1. Botswana: Fiscal Sustainability Benchmarks; C. Sensitivity Analysis; 2. Botswana: Sensitivity Analysis for Benchmarked Balances; 3. Botswana: Mineral Revenues, Annuity, and Asset Accumulation; IV. Conclusions
327   $aReferences
330   $aAssuming a social welfare function that smoothes expenditure, this paper calculates a sustainability benchmark for the non-mineral balance in Botswana that is based on a notion of a ""permanent income"" from non-renewable resources. It is derived by constructing a hypothetical annuity from revenues from these resources, which is held constant in terms of GDP. Botswana is an interesting case because current projections suggest that diamond resources could be largely exhausted within a generation.
410  0$aIMF Working Papers
606   $aFiscal policy$zBotswana
606   $aRevenue$zBotswana
607   $aBotswana$xEconomic conditions$y1966-
608   $aElectronic books.
615  0$aFiscal policy
615  0$aRevenue
676   $a339.09689709049
700   $aClausen$b Jens R$0936184
701   $aCaramazza$b Francesco$0936185
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464012903321
996   $aCalculating sustainable non-mineral balances as benchmarks for fiscal policy$92108918
997   $aUNINA