Budget Rules and Resource Booms and Busts : A Dynamic Stochastic General Equilibrium Analysis

Budget Rules and Resource Booms and Busts : A Dynamic Stochastic General Equilibrium Analysis

This paper develops a dynamic, stochastic, general-equilibrium model to analyze and derive simple budget rules in the face of volatile public revenue from natural resources in a low-income country like Niger. The simulation results suggest three policy lessons or rules of thumb. When a resource pric...

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Bibliographic Details
Main Authors: Devarajan, Shantayanan, Dissou, Yazid, Go, Delfin S., Robinson, Sherman
Format: Journal Article
Published: Published by Oxford University Press on behalf of the World Bank 2018
Subjects:
NATURAL RESOURCES
BUDGET RULES
ACCOUNTABILITY
BUDGET CONSTRAINT
CASH TRANSFERS
COMMODITIES
DEBT
CONSUMPTION
Online Access:http://hdl.handle.net/10986/30129

Internet

http://hdl.handle.net/10986/30129

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