Return to home page
Searching: Muskingum library catalog
We are currently experiencing delivery delays for items requested from other institutions while transitioning to a new statewide delivery service. Please contact your library with questions or advice about alternative resources. Thank you for your patience!
  Previous Record Previous Item Next Item Next Record
  Reviews, Summaries, etc...
Title The day after tomorrow : designing an optimal fiscal strategy for Libya / Carlos Caceres [and others].
Imprint [Washington, D.C.] : International Monetary Fund, 2013.

View online
View online
Series IMF working paper ; WP/13/79
IMF working paper ; WP/13/79.
Subject Fiscal policy -- Libya.
Fiscal policy -- Libya -- Evaluation.
Petroleum products -- Prices -- Libya.
Business cycles -- Libya.
Alt Name Caceres, Carlos,
International Monetary Fund. Middle East and Central Asia Department,
Description 1 online resource (32 pages) : color illustrations.
Note Title from PDF title page (IMF Web site, viewed Apr. 2, 2013).
"Middle East and Central Asia Department"--Page 2 of pdf.
"March 2013"--Page 2 of pdf.
Summary "Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, procyclical fiscal policies threaten macroeconomic stability as well as fiscal sustainability and intergenerational equity. In three parts, this paper provides an assessment of the cyclically adjusted fiscal stance, analyzes fiscal sustainability according the permanent income framework, and simulates various fiscal policy rules with the objective of developing a rule-based fiscal strategy that would delink the economy from oil price fluctuations, improve the management of resource wealth, and safeguard macroeconomic stability"--Abstract.
Bibliography Note Includes bibliographical references (pages 29-31).
Contents Cover; Contents; I. Introduction; Figures; 1. Hydrocarbons and the Economy; II. Measuring the Fiscal Stance; 2. Nonhydrocarbon Output Gap; III. Assessing Fiscal Sustainability; 3. Fiscal Policy Stance; 4. Nonhydrocarbon Balance and Wealth Accumulation; 5. Nonhydrocarbon Primary Deficit Projections under PIH; IV. Building a Rule-based Fiscal Framework; Table; 1. Sustainable Overall Public Expenditure Envelop Scenarios; 6. Tradeoff between Alternative Fiscal Rules; Boxes; 1. Analytical Definitions of Simulated Fiscal Rules; 7. Stochastic Simulations of Alternative Fiscal Rules.
2. Examples of Fiscal Rules in commodity-Exporting CountriesV. Conclusion; 3. Reforming the PFM Framework; References.
ISBN 1484309839
ISBN/ISSN 10.5089/9781484309834.001
OCLC # 834639088
Additional Format Print Version: 9781484309834

If you experience difficulty accessing or navigating this content, please contact the OPAL Support Team