LEADER 03976nam 2200649Ia 450 001 9910464242903321 005 20170821160754.0 010 $a1-4623-6788-7 010 $a1-4527-2283-8 010 $a9786612842771 010 $a1-282-84277-3 010 $a1-4518-7203-8 035 $a(CKB)3170000000055226 035 $a(EBL)1608226 035 $a(SSID)ssj0000940025 035 $a(PQKBManifestationID)11576136 035 $a(PQKBTitleCode)TC0000940025 035 $a(PQKBWorkID)10946360 035 $a(PQKB)11148299 035 $a(OCoLC)649710137 035 $a(MiAaPQ)EBC1608226 035 $a(EXLCZ)993170000000055226 100 $a20100222d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 12$aA primer on fiscal analysis in oil-producing countries$b[electronic resource] /$fPaulo Medas and Daria Zakharova 210 $a[Washington, DC] $cInternational Monetary Fund$dc2009 215 $a1 online resource (41 p.) 225 1 $aIMF working paper ;$vWP/09/56 300 $a"March 2009." 311 $a1-4519-1638-8 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. Assessing The Macro-Fiscal Stance; A. A Multiple Indicator Approach; Table; 1. Nigeria: Federal Government Operations; Boxes; 1. Assessing the Direction of Fiscal Policy by Changes in the Non-Oil Primary Balance; Figures; 1. Primary/Non-Oil Primary Balance and Oil Price; 2. Oil Producing Countries: Selected Fiscal Indicators; B. Using the Non-Oil Balance Concept in Practice; 2. Non-oil fiscal indicators in Nigeria and Yemen; 3. Oil Producing Countries: Oil Vs. Non-Oil Revenue; III. Managing Revenue Volatility and Ensuring Macro-Stability 327 $aA. Macro-Fiscal Consequences of Oil Revenue Volatility4. Inflation and Asset Prices in OPCs; B. Managing Oil Revenue Volatility; 3. Impact of Past Oil Booms and Busts on the Economies of Nigeria, Saudi Arabia, and the UAE; 4. Petroleum Product Subsidies in OPC; 5. Nigeria, Saudi Arabia, and the UAE: Selected Economic Indicators; 6. Coverage of Fiscal Statistics in Oil and Non-Oil Producing Countries of the Middle East and Central Asia; IV. Long-Term Sustainability and Uncertainty; A. The Permanent Oil Income Model; 5. Application of POIM to OPC 327 $a7. An Example of a Permanent Oil Income Model versus Bird-in-HandB. Addressing Uncertainty; V. Conclusion; 6. The Role of MTFFs in Managing Oil Revenue Uncertainty; Appendices; I: Approaches to Defining the Non-Oil Balance; II: Special Fiscal Institutions; References 330 $aThis paper proposes an integrated approach to fiscal policy analysis in oil producing countries (OPCs) geared towards addressing their unique and complex policy challenges. First, an accurate assessment of the fiscal stance in OPCs can be obscured by large and volatile oil revenue flows. Second, uncertain and volatile oil revenue flows can complicate the management of macroeconomic policies in these countries. Third, given the exhaustibility of oil reserves, OPCs need to address longer-term sustainability and intergenerational equity issues. The use of non-oil fiscal indicators, stress tests, 410 0$aIMF working paper ;$vWP/2009/56. 606 $aPetroleum industry and trade$xEconomic aspects 606 $aFiscal policy 606 $aPetroleum reserves$xEconomic aspects 608 $aElectronic books. 615 0$aPetroleum industry and trade$xEconomic aspects. 615 0$aFiscal policy. 615 0$aPetroleum reserves$xEconomic aspects. 700 $aMedas$b Paulo A$0866814 701 $aZakharova$b Daria$0866815 712 02$aInternational Monetary Fund.$bFiscal Affairs Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464242903321 996 $aA primer on fiscal analysis in oil-producing countries$91934969 997 $aUNINA