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...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Published by Oxford University Press on behalf of the World Bank
2018
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/30129 |