Front Matter
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund

Front Matter Page

Fiscal Affairs Department

Authorized for distribution by Mark Horton

Contents

  • I. Introduction

  • II. Fiscal Rules for OPCs

    • A. Optimizing Rules

    • B. Ad hoc Rules

  • III. Numerical Comparisons

    • A. Setup and Assumptions

    • B. Results

  • IV. Conclusions

  • Tables

  • 1. Initial Conditions

  • 2. Model Parameters

  • 3. Comparison of Policy Rules (Baseline)

  • 4. Comparison of Policy Rules (Alternative Specification for the Oil Price Process)

  • Figures

  • 1. PIM and POIM Rules for the Mature Oil Producer

  • 2. PIM and POIM Rules for the Large Oil Producer

  • 3. PIM and POIM Rules for the Medium Oil Producer

  • 4. POIM and MPOIM Rules for the Mature Oil Producer

  • 5. POIM and MPOIM Rules for the Large Oil Producer

  • 6. POIM and MPOIM Rules for the Medium Oil Producer

  • 7. MPOIM and ad hoc Rules for the Mature Oil Producer

  • 8. MPOIM and ad hoc Rules for the Large Oil Producer

  • 9. MPOIM and ad hoc Rules for the Medium Oil Producer

  • References

Fiscal Policy Rules for Oil-Producing Countries: A Welfare-Based Assessment
Author: Wojciech Maliszewski