Fiscal vulnerability and sustainability in oil-producing Sub-Saharan African countries [[electronic resource] /] / Robert York and Zaijin Zhan
| Fiscal vulnerability and sustainability in oil-producing Sub-Saharan African countries [[electronic resource] /] / Robert York and Zaijin Zhan |
| Autore | York Robert |
| Pubbl/distr/stampa | [Washington, D.C.], : International Monetary Fund, 2009 |
| Descrizione fisica | 1 online resource (42 p.) |
| Altri autori (Persone) | ZhanZaijin |
| Collana | IMF working paper |
| Soggetto topico |
Fiscal policy - Africa, Sub-Saharan
Petroleum reserves - Africa, Sub-Saharan |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-4623-9511-2
1-4527-7226-6 9786612843860 1-4518-7321-2 1-282-84386-9 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Background; A Oil Resources; Tables; 1. Oil Production, 2007-09; Figures; 1. Proven Oil Reserves, 2009; 2. Oil Production Projections, 2005-48; B. Oil Dependence; 2. Real GDP Growth, 2005-08; III. Recent Fiscal Developments and Prospects; A History Repeats Itself; 3. Nominal and Real Crude Oil (Spot) Prices, 1970-2014; 3. Size of the Oil Sector, 2006-08; 4. Correlation Between World Oil Prices and Government Spending, 1970-2008; 4. Change in Revenue and Government Spending, 2006-08; 5. Non-oil Primary Balances, 2006-08
6. Quality of Public Sector Management and Institutions, 2005-077. Selected Indicators of Institutional Quality, 2000 and 2007; Boxes; 1. Special Fiscal Institutions for the Management of Oil Revenue; 2. Oil Funds-Selected Examples; 8. Medium-Term Fiscal Strategies; B Medium-Term Projections and Vulnerability; 3. Fiscal Policy in Sub-Saharan Africa and the Global Economic Crisis; 5. Deteriorating Economic Outlook, 2009-13; 9. Deterioration in the Economic Outlook, 2009-13; 6. Fiscal Sustainability Ratios, 2008 vs. 2011; IV. Some Fiscal Rules for Sustainability 7. Vulnerability and Fiscal Adjustment, 2008-09A Underlying Assumptions; 8. Oil Price Assumptions, 2005-48; 10. Estimates of Proven Oil Reserves, 2008-09; V. Estimates of Long-Term Fiscal Sustainability; A. Baseline Results; 11. Long-Term Macroeconomic Assumptions; 9. Average Sustainable Non-Oil Primary Deficit Under Different Fiscal Rules, 2009-48; 10. Average Sustainable Non-Oil Primary Deficit Under Different Fiscal Rules, 2009-13; 11. Unweighted-average Sustainable Non-Oil Primary Deficit Under Different Fiscal Rules, Selected Periods 4. Nigeria: Fiscal Sustainability Under a Wider Resource BaseB. Sensitivity Analysis; 12. Sensitivity of the Sustainable Non-oil Primary Deficit to Oil Prices Under a Permanent Income Hypothesis, 2009-48; 13. Sensitivity of the Sustainable Non-oil Primary Deficit to Real Interest Rates Under a Permanent Income Hypothesis, 2009-48; 14. Unweighted-average Sustainable Non-Oil Primary Deficit Under Different Fiscal Rules and Real Interest Rates, 2009-48; C. The Impact of Oil Price Uncertainty; 12. Republic of Congo: Simulation Parameters with Oil Price Uncertainty 15. Republic of Congo: Sustainable Non-Oil Primary Deficit Under Oil Price Uncertainty, 2009-48VI. Summary and Policy Implications; References |
| Record Nr. | UNINA-9910464008703321 |
York Robert
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| [Washington, D.C.], : International Monetary Fund, 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
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Improving Surveillance Across the CEMAC Region / / Plamen Iossifov, Misa Takebe, Zaijin Zhan, Noriaki Kinoshita, Robert York
| Improving Surveillance Across the CEMAC Region / / Plamen Iossifov, Misa Takebe, Zaijin Zhan, Noriaki Kinoshita, Robert York |
| Autore | Iossifov Plamen |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 57 p. : ill |
| Altri autori (Persone) |
TakebeMisa
ZhanZaijin KinoshitaNoriaki YorkRobert |
| Collana | IMF Working Papers |
| Soggetto topico |
Monetary policy - Africa, Central
Monetary unions - Africa, Central Banks and banking - Africa, Central Investments: Energy Macroeconomics Public Finance Taxation Fiscal Policy Business Taxes and Subsidies Energy: General National Government Expenditures and Related Policies: General Public finance & taxation Investment & securities Fiscal stance Fiscal policy Oil, gas and mining taxes Oil Expenditure Petroleum industry and trade Expenditures, Public |
| ISBN |
1-4623-9309-8
1-282-84492-X 9786612844928 1-4519-4202-8 1-4527-5611-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910788222703321 |
Iossifov Plamen
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| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
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Improving Surveillance Across the CEMAC Region / / Plamen Iossifov, Misa Takebe, Zaijin Zhan, Noriaki Kinoshita, Robert York
| Improving Surveillance Across the CEMAC Region / / Plamen Iossifov, Misa Takebe, Zaijin Zhan, Noriaki Kinoshita, Robert York |
| Autore | Iossifov Plamen |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 57 p. : ill |
| Disciplina | 332.4;332.496751 |
| Altri autori (Persone) |
KinoshitaNoriaki
TakebeMisa YorkRobert ZhanZaijin |
| Collana | IMF Working Papers |
| Soggetto topico |
Monetary policy - Africa, Central
Monetary unions - Africa, Central Banks and banking - Africa, Central Business Taxes and Subsidies Energy: General Expenditure Expenditures, Public Fiscal Policy Fiscal policy Fiscal stance Investment & securities Investments: Energy Macroeconomics National Government Expenditures and Related Policies: General Oil Oil, gas and mining taxes Petroleum industry and trade Public finance & taxation Public Finance Taxation |
| ISBN |
9786612844928
9781462393091 1462393098 9781282844926 128284492X 9781451942026 1451942028 9781452756110 1452756112 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Intro -- Contents -- Executive Summary -- I. Introduction -- II. Institutional Background and Features -- A. Macroeconomic Policies in the CEMAC Region -- B. Policy Coordination and Surveillance -- III. Improving the Measures of Fiscal Surveillance -- A. Fiscal Policy Objectives and Indicators -- B. Indicators of Policy Stance and Policy Change -- C. Indicators of Sustainability -- D. Implications for Fiscal Surveillance -- IV. External Shocks and the Convergence Criteria -- A. External Shocks and Growth -- B. The Efficacy of Fiscal Policies in Mitigating Shocks -- C. Implications for Regional Surveillance -- V. External Stability Considerations and Regional Surveillance -- A. Consistency of the CEMAC Fiscal Convergence Criteria with External Stability -- B. The Desirability of a Foreign Reserves Target -- C. Long-run Considerations in Regional Surveillance -- VI. Summary and Policy Implications -- Boxes -- 1. Brief Economic History of the Central African CFA Zone -- 2. Overview of the Optimum Currency Area Literature -- 3. BEAC Monetary Programming -- 4. Characteristics of Oil Revenue in the CEMAC -- 5. CEMAC Convergence Criteria -- 6. Fiscal Stance and Fiscal Impulse -- 7. The Primary Gap Measure -- 8. Constant Fiscal Expenditure Rule for Oil Producing Countries -- 9. Measuring the Impact of Exogenous Shocks on the Non-oil Economy -- 10. Measuring the Impact of Counter-Cyclical Fiscal Policies on the Non-oil Economy -- Tables -- 1. CEMAC Fiscal Developments and the Fiscal Convergence Criteria, 1998-2008 -- 2. A Comparison of CEMAC Fiscal Indicators, 2000-08 (in percent of GDP) -- 3. A Comparison of CEMAC Fiscal Indicators, 2000- -- 4. Primary Gap Measures Across the CEMAC, 1998-2008 -- 5. CEMAC Long-term Macroeconomic Assumptions -- 6. CEMAC Average Sustainable Non-oil Primary Deficit Under Different Fiscal Rules, 2009-48.
7. Real Non-oil GDP Growth in CEMAC Countries, 1980-2008 -- 8. Correlation of Real GDP Growth Among CEMAC Countries, 1980-2008 -- 9. Triggers of Recessions in CEMAC Countries, selected periods -- 10. Correlation Between Non-oil Real GDP and External Factors, 1980-2008 -- 11. Correlation Between GDP, Public Expenditure, and Non-oil Revenue -- 12. Average Share of Non-oil Revenue and Expenditure in Non-oil GDP, 1980-2008 -- 13. Variance Decomposition of Real GDP by Types of Shocks -- 14. CEMAC Share of Oil Revenue in Total Revenue and Correlation Between Fiscal and External Balances -- 15. CEMAC Currency Coverage Ratio, 2000-08 -- 16. CEMAC Gross Official Reserves, 2000-08 -- Figures -- 1. CEMAC Real and Fiscal Developments, 1969-2008 -- 2. CEMAC Terms of Trade and Balance of Payments Developments, 1969-2008 -- 3. CEMAC Net International Reserve Coverage of Imports, 1995-2008 -- 4. CEMAC Fiscal Policy and Procyclicality vis-à-vis Oil Revenue, 1980-2008 -- 5. Nominal and Real Crude Oil (Spot) Prices, 1970-2014 -- 6. CEMAC Non-oil Real GDP Growth and the Fiscal Impulse, 1995-2008 -- 7. CEMAC External Debt and the Primary Gap, 1998-2008 -- 8. CEMAC Sustainable Non-oil Primary Deficit Under Different Fiscal Rules, 2009-13 -- 9. CEMAC Sensitivity of the Sustainable Non-oil Primary Deficit to Oil Prices Under a Permanent Income Hypothesis, 2009-13 -- 10. Terms of Trade and Real Effective Exchange Rates, 1980-2008 -- 11. Impulse Response of Output to a One Standard Deviation Change in Terms of Trade and Real Effective Exchange Rate Shocks -- 12. Impulse Response of Output to a One Standard Deviation Change in Revenue and Spending Shocks -- 13. CEMAC Overall Fiscal Balance and External Current Account Balance, 1996-2008 -- 14. CEMAC Countries Overall Fiscal Balance and External Current Account Balance, 1996-2008. 15. CEMAC Foreign Assets of BEAC and Government Deposits at BEAC, 1995-2008 -- Appendix -- Linkages Between Fiscal and Monetary Policies in a Non-Renewable Resource Producer under a Fixed Exchange Rate -- References. |
| Record Nr. | UNINA-9910971216303321 |
Iossifov Plamen
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| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
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Taking Stock of Monetary and Exchange Rate Regimes in Emerging Europe / / Nazim Belhocine, Ernesto Crivelli, Nan Geng, Tiberiu Scutaru, Johannes Wiegand, Zaijin Zhan
| Taking Stock of Monetary and Exchange Rate Regimes in Emerging Europe / / Nazim Belhocine, Ernesto Crivelli, Nan Geng, Tiberiu Scutaru, Johannes Wiegand, Zaijin Zhan |
| Autore | Belhocine Nazim |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2016 |
| Descrizione fisica | 1 online resource (52 p.) |
| Altri autori (Persone) |
CrivelliErnesto
GengNan ScutaruTiberiu WiegandJohannes ZhanZaijin |
| Collana | Departmental Papers |
| Soggetto topico |
Conventional peg
Currencies Currency Deflation Exchange rate arrangements Exchange rate flexibility Foreign Exchange Foreign exchange Government and the Monetary System Inflation Macroeconomics Monetary economics Monetary Systems Money and Monetary Policy Money Payment Systems Price Level Prices Regimes Standards |
| ISBN |
9781475557893
1475557892 9781475557923 1475557922 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910155202403321 |
Belhocine Nazim
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| Washington, D.C. : , : International Monetary Fund, , 2016 | ||
| Lo trovi qui: Univ. Federico II | ||
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