Natural-resource depletion, habit formation, and sustainable fiscal policy : lessons from Gabon /
While models based on Friedman's (1957) permanent-income hypothesis can provide oilproducing countries with long-run fiscal targets, they usually abstract from short-run costs associated with consolidation. This paper proposes a model that takes such adjustment costs (or "habits") int...
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| Main Authors: | , |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
2006.
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| Subjects: | |
| Online Access: |
Full text (MFA users only) |
| ISBN: | 1282392271 9781282392274 9781451991130 1451991134 |
| Local Note: | ProQuest Ebook Central |