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010   $a9786612843402
010   $a1-282-84340-0
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035   $a(SSID)ssj0000940829
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035   $a(PQKBTitleCode)TC0000940829
035   $a(PQKBWorkID)10955612
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035   $a(OCoLC)586083080
035   $a(MiAaPQ)EBC1605916
035   $a(IMF)WPIEE2009126
035   $a(EXLCZ)993170000000055282
100   $a20020129d2009      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aFiscal Policy Rules for Oil-Producing Countries : $eA Welfare-Based Assessment /$fWojciech Maliszewski
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a27 p
225 1 $aIMF Working Papers
300   $aBibliographic Level Mode of Issuance: Monograph
311   $a1-4519-1702-3 
320   $aIncludes bibliographical references.
330 3 $aThe paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are sensitive to the choice of the social welfare function, initial conditions, and non-oil growth prospects. The distribution of non-oil wealth is important for countries with relatively low oil reserves. Corrections for adjustment costs and uncertainty with respect to oil prices should be applied carefully. While avoiding sharp changes in the fiscal policy stance may be appealing, it is not necessarily optimal if the initial position is unsustainable. Ad hoc rules are shown to perform poorly. The analysis abstracts from several issues critical for developing a practical policy advice and should not be treated as a complete framework.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/126
606   $aPetroleum industry and trade$xEconomic aspects
606   $aFiscal policy
606   $aInvestments: Energy$2imf
606   $aMacroeconomics$2imf
606   $aTaxation$2imf
606   $aFiscal Policy$2imf
606   $aEnergy: General$2imf
606   $aMacroeconomics: Consumption$2imf
606   $aSaving$2imf
606   $aWealth$2imf
606   $aAggregate Factor Income Distribution$2imf
606   $aBusiness Taxes and Subsidies$2imf
606   $aEnergy: Demand and Supply$2imf
606   $aPrices$2imf
606   $aInvestment & securities$2imf
606   $aPublic finance & taxation$2imf
606   $aOil$2imf
606   $aGovernment consumption$2imf
606   $aIncome$2imf
606   $aOil, gas and mining taxes$2imf
606   $aOil prices$2imf
606   $aCommodities$2imf
606   $aNational accounts$2imf
606   $aTaxes$2imf
606   $aPetroleum industry and trade$2imf
606   $aConsumption$2imf
606   $aEconomics$2imf
607   $aUnited States$2imf
615  0$aPetroleum industry and trade$xEconomic aspects.
615  0$aFiscal policy.
615  7$aInvestments: Energy
615  7$aMacroeconomics
615  7$aTaxation
615  7$aFiscal Policy
615  7$aEnergy: General
615  7$aMacroeconomics: Consumption
615  7$aSaving
615  7$aWealth
615  7$aAggregate Factor Income Distribution
615  7$aBusiness Taxes and Subsidies
615  7$aEnergy: Demand and Supply
615  7$aPrices
615  7$aInvestment & securities
615  7$aPublic finance & taxation
615  7$aOil
615  7$aGovernment consumption
615  7$aIncome
615  7$aOil, gas and mining taxes
615  7$aOil prices
615  7$aCommodities
615  7$aNational accounts
615  7$aTaxes
615  7$aPetroleum industry and trade
615  7$aConsumption
615  7$aEconomics
700   $aMaliszewski$b Wojciech$01109477
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788333303321
996   $aFiscal Policy Rules for Oil-Producing Countries$93685538
997   $aUNINA