Current Account and Precautionary Savings for Exporters of Exhaustible Resources / / Rudolfs Bems, Irineu de Carvalho Filho |
Autore | Bems Rudolfs |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (40 p.) |
Altri autori (Persone) | de Carvalho FilhoIrineu |
Collana | IMF Working Papers |
Soggetto topico |
Saving and investment - Mathematical models
Nonrenewable natural resources - Econometric models Exports and Imports Macroeconomics Natural Resources Nonrenewable Resources and Conservation: General Macroeconomics: Consumption Saving Wealth Current Account Adjustment Short-term Capital Movements Environmental management International economics Non-renewable resources Precautionary savings Current account Consumption Current account balance Natural resources Saving and investment Balance of payments Economics |
ISBN |
1-4623-6082-3
1-4527-7126-X 9786612842559 1-4518-7180-5 1-282-84255-2 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Modeling Framework; A. Small Open Endowment Economy; B. Optimal Solution; Deterministic case, εt = 0; Stochastic case, εt > 0; III. Parameterization and Baseline Model Results; A. Model Parameterization; B. Baseline Model Results; Norway; Other exporters of exhaustible resources; IV. Sensitivity Analysis; A. Preference Parameters; B. Growth in Non-Exhaustible Resource Output; C. Path and Lifespan of Exhaustible Resource Extraction; D. Process for Exhaustible Resource Prices; V. Extension to Time-Series of Optimal outcomes; A. Setup and Parameterization
B. ResultsVI. Conclusions; References; Appendix A: Solution Method (case of n=0); Tables; 1. Country-Specific Model Parameters and Initial Values; 2. Optimal 2006 Current Accounts in the Baseline Model; 3. Summary of Sensitivity Analysis for Current Account Components; 4. Optimal Current Account with Constant Extraction Quantities; Figures; 1. Output Volatility and Oil Balance; 2. Projected Production of Liquids (oil and gas); 3. Optimal Model Solution for Norway, t0=2006; 4. 'Output at Risk': Expected Share of Exhaustible Resource Revenues in GDP 5. Actual and Model-Based 2006 Current Account Balances (in percent of GDP)6. Price of Exhaustible Resources, in 2006 Dollars; 7. Proven Reserves of Oil and Gas for Norway; 8. Time-Series of Optimal Outcomes for Norway, t0={1975, 1976,; 9. Comparison of Norway's CA and NFA in the Model and Data |
Record Nr. | UNINA-9910788347603321 |
Bems Rudolfs | ||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Current Account and Precautionary Savings for Exporters of Exhaustible Resources / / Rudolfs Bems, Irineu de Carvalho Filho |
Autore | Bems Rudolfs |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (40 p.) |
Disciplina | 332.024;332.02401 |
Altri autori (Persone) | de Carvalho FilhoIrineu |
Collana | IMF Working Papers |
Soggetto topico |
Saving and investment - Mathematical models
Nonrenewable natural resources - Econometric models Balance of payments Consumption Current Account Adjustment Current account balance Current account Economics Environmental management Exports and Imports International economics Macroeconomics Macroeconomics: Consumption Natural Resources Natural resources Non-renewable resources Nonrenewable Resources and Conservation: General Precautionary savings Saving and investment Saving Short-term Capital Movements Wealth |
ISBN |
1-4623-6082-3
1-4527-7126-X 9786612842559 1-4518-7180-5 1-282-84255-2 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Modeling Framework; A. Small Open Endowment Economy; B. Optimal Solution; Deterministic case, εt = 0; Stochastic case, εt > 0; III. Parameterization and Baseline Model Results; A. Model Parameterization; B. Baseline Model Results; Norway; Other exporters of exhaustible resources; IV. Sensitivity Analysis; A. Preference Parameters; B. Growth in Non-Exhaustible Resource Output; C. Path and Lifespan of Exhaustible Resource Extraction; D. Process for Exhaustible Resource Prices; V. Extension to Time-Series of Optimal outcomes; A. Setup and Parameterization
B. ResultsVI. Conclusions; References; Appendix A: Solution Method (case of n=0); Tables; 1. Country-Specific Model Parameters and Initial Values; 2. Optimal 2006 Current Accounts in the Baseline Model; 3. Summary of Sensitivity Analysis for Current Account Components; 4. Optimal Current Account with Constant Extraction Quantities; Figures; 1. Output Volatility and Oil Balance; 2. Projected Production of Liquids (oil and gas); 3. Optimal Model Solution for Norway, t0=2006; 4. 'Output at Risk': Expected Share of Exhaustible Resource Revenues in GDP 5. Actual and Model-Based 2006 Current Account Balances (in percent of GDP)6. Price of Exhaustible Resources, in 2006 Dollars; 7. Proven Reserves of Oil and Gas for Norway; 8. Time-Series of Optimal Outcomes for Norway, t0={1975, 1976,; 9. Comparison of Norway's CA and NFA in the Model and Data |
Record Nr. | UNINA-9910827088903321 |
Bems Rudolfs | ||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
The Volatility Trap : : Precautionary Saving, Investment, and Aggregate Risk / / Reda Cherif, Fuad Hasanov |
Autore | Cherif Reda |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
Descrizione fisica | 1 online resource (23 p.) |
Altri autori (Persone) | HasanovFuad |
Collana | IMF Working Papers |
Soggetto topico |
Risk
Saving and investment Investments: Commodities Exports and Imports Macroeconomics Macroeconomics: Consumption Saving Wealth Investment Capital Intangible Capital Capacity Intertemporal Consumer Choice Life Cycle Models and Saving Economic Growth and Aggregate Productivity: General Aggregate Factor Income Distribution Current Account Adjustment Short-term Capital Movements Agriculture: General International economics Investment & securities Precautionary savings Income Income shocks Current account surpluses Agricultural commodities National accounts Balance of payments Commodities Farm produce |
ISBN |
1-4755-1887-0
1-4755-7069-4 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Abstract; Contents; Introduction; II. A "Store-or-Sow" Model of Precautionary Saving and Investment; III. Results and Implications; Figures; 1. Precautionary Saving and the Golden Rule Investment Rate; 2. A Phase Diagram of Precautionary Saving and Investment Rates; 3. Precautionary Saving and Investment Rates vs. Volatility of Permanent Shocks; 4. Precautionary Saving and Investment Rates vs. Volatility of Temporary Shocks; IV. An Empirical Relationship Among Investment, Saving, and Volatility; Tables; 1. Saving, Investment, and Volatility: Descriptive Statistics
5. Saving vs. Investment6. Saving vs. Investment-Saving Ratio; V. Concluding Remarks; 2. Panel Fixed Effects Regressions; References; Appendix Table. Average Investment, Saving, and Volatility (1970-2008) |
Record Nr. | UNINA-9910779225603321 |
Cherif Reda | ||
Washington, D.C. : , : International Monetary Fund, , 2012 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
The Volatility Trap : : Precautionary Saving, Investment, and Aggregate Risk / / Reda Cherif, Fuad Hasanov |
Autore | Cherif Reda |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
Descrizione fisica | 1 online resource (23 p.) |
Disciplina | 332.152 |
Altri autori (Persone) | HasanovFuad |
Collana | IMF Working Papers |
Soggetto topico |
Risk
Saving and investment Aggregate Factor Income Distribution Agricultural commodities Agriculture: General Balance of payments Capacity Capital Commodities Current Account Adjustment Current account surpluses Economic Growth and Aggregate Productivity: General Exports and Imports Farm produce Income shocks Income Intangible Capital International economics Intertemporal Consumer Choice Investment & securities Investment Investments: Commodities Life Cycle Models and Saving Macroeconomics Macroeconomics: Consumption National accounts Precautionary savings Saving Short-term Capital Movements Wealth |
ISBN |
1-4755-1887-0
1-4755-7069-4 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Abstract; Contents; Introduction; II. A "Store-or-Sow" Model of Precautionary Saving and Investment; III. Results and Implications; Figures; 1. Precautionary Saving and the Golden Rule Investment Rate; 2. A Phase Diagram of Precautionary Saving and Investment Rates; 3. Precautionary Saving and Investment Rates vs. Volatility of Permanent Shocks; 4. Precautionary Saving and Investment Rates vs. Volatility of Temporary Shocks; IV. An Empirical Relationship Among Investment, Saving, and Volatility; Tables; 1. Saving, Investment, and Volatility: Descriptive Statistics
5. Saving vs. Investment6. Saving vs. Investment-Saving Ratio; V. Concluding Remarks; 2. Panel Fixed Effects Regressions; References; Appendix Table. Average Investment, Saving, and Volatility (1970-2008) |
Record Nr. | UNINA-9910818625203321 |
Cherif Reda | ||
Washington, D.C. : , : International Monetary Fund, , 2012 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|