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  • 1
    Online Resource
    Online Resource
    Designing Oil Revenue Management Mechanisms : An Application to Chad (2020)
    Washington, D.C. :The World Bank,
    Details
    UID:
    almafu_9959699034202883
    Format: 1 online resource (44 pages)
    Series Statement: Policy research working papers.
    Content: Oil resources usually play a significant role in oil-rich countries, in gross domestic product and government revenues. High dependence of government revenues on oil can contribute to severe recession following an adverse commodity price shock, such as in 2014. This paper examines the extent to which a fiscal rule or stabilization fund could translate into a less pro-cyclical fiscal policy, with the government saving part of its oil revenues during periods of high prices and drawing down on the savings during difficult periods. Using the macro-structural model MFMod, the paper presents, evaluates, and discusses the strengths and weaknesses of different oil revenue management mechanisms applied to the specific case of Chad. The scenarios demonstrate that a well-designed management rule can successfully insulate the public budget from the oil price cycle, resulting in a significant reduction in the volatility of the economy.
    Language: English
    DOI: 10.1596/1813-9450-9402
    URL: Volltext  (kostenfrei)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Fulltext
    FU Berlin
    EUV Frankfurt
    HTW Berlin
    Charité
  • 2
    Online Resource
    Online Resource
    The World Bank Macro-Fiscal Model Technical Description / (2019)
    Washington, D.C. :The World Bank,
    Details
    UID:
    almafu_9959128135102883
    Format: 1 online resource (41 pages)
    Series Statement: Policy research working papers.
    Content: This paper outlines the structure and economic foundation of the World Bank's macroeconomic and fiscal model (MFMod). MFMod consists of individual country models for 181 countries. The models are used by country economists within the World Bank's Macroeconomics, Trade and Investment Global Practice to (i) generate country forecasts and (ii) simulate various policies. Each model has a similar structure and functional form, with variation reflecting data availability and economic specialization (notably for oil exporters). Although the functional forms are similar, the parameters are country specific and estimated at the country level. Forecasts across countries are live-linked, with the export market growth of each country calculated as a trade-weighted average of imports of each of its trading partners. Remittance inflows and outflows are balanced across countries through a similar mechanism. Other cross-country linkages come through the real effective exchange rate and export and import prices, which are a function of world commodity prices and local cost considerations.
    Language: English
    DOI: 10.1596/1813-9450-8965
    URL: Volltext  (kostenfrei)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Fulltext
    FU Berlin
    EUV Frankfurt
    HTW Berlin
    Charité
  • 3
    Online Resource
    Online Resource
    The World Bank macro-fiscal model technical description (2019)
    Washington, DC, USA : World Bank Group, Macroeconomics, Trade and Investment Global Practice
    Details
    UID:
    gbv_1680067842
    Format: 1 Online-Ressource (circa 41 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8965
    Content: This paper outlines the structure and economic foundation of the World Bank's macroeconomic and fiscal model (MFMod). MFMod consists of individual country models for 181 countries. The models are used by country economists within the World Bank's Macroeconomics, Trade and Investment Global Practice to (i) generate country forecasts and (ii) simulate various policies. Each model has a similar structure and functional form, with variation reflecting data availability and economic specialization (notably for oil exporters). Although the functional forms are similar, the parameters are country specific and estimated at the country level. Forecasts across countries are live-linked, with the export market growth of each country calculated as a trade-weighted average of imports of each of its trading partners. Remittance inflows and outflows are balanced across countries through a similar mechanism. Other cross-country linkages come through the real effective exchange rate and export and import prices, which are a function of world commodity prices and local cost considerations
    Additional Edition: Erscheint auch als Druck-Ausgabe Burns, Andrew The World Bank Macro-Fiscal Model Technical Description Washington, D.C : The World Bank, 2019
    Language: English
    Keywords: Graue Literatur
    DOI: 10.1596/1813-9450-8965
    URL: lizenzpflichtig
    URL: Deutschlandweit zugänglich
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    UB Potsdam
    MPI Bildungsforschung
  • 4
    Online Resource
    Online Resource
    Designing oil revenue management mechanisms : an application to Chad (2020)
    [Washington, DC, USA] : World Bank Group, Macroeconomics, Trade and Investment Global Practice
    Details
    UID:
    gbv_1743489978
    Format: 1 Online-Ressource (circa 44 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9402
    Content: Oil resources usually play a significant role in oil-rich countries, in gross domestic product and government revenues. High dependence of government revenues on oil can contribute to severe recession following an adverse commodity price shock, such as in 2014. This paper examines the extent to which a fiscal rule or stabilization fund could translate into a less pro-cyclical fiscal policy, with the government saving part of its oil revenues during periods of high prices and drawing down on the savings during difficult periods. Using the macro-structural model MFMod, the paper presents, evaluates, and discusses the strengths and weaknesses of different oil revenue management mechanisms applied to the specific case of Chad. The scenarios demonstrate that a well-designed management rule can successfully insulate the public budget from the oil price cycle, resulting in a significant reduction in the volatility of the economy
    Additional Edition: Erscheint auch als Druck-Ausgabe Campagne, Benoit Designing Oil Revenue Management Mechanisms: An Application to Chad Washington, D.C : The World Bank, 2020
    Language: English
    Keywords: Graue Literatur
    DOI: 10.1596/1813-9450-9402
    URL: lizenzpflichtig
    URL: Deutschlandweit zugänglich
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    UB Potsdam
    MPI Bildungsforschung
  • 5
    Online Resource
    Online Resource
    Designing Oil Revenue Management Mechanisms : An Application to Chad (2020)
    Washington, D.C. :The World Bank,
    Details
    UID:
    edoccha_9959699034202883
    Format: 1 online resource (44 pages)
    Series Statement: Policy research working papers.
    Content: Oil resources usually play a significant role in oil-rich countries, in gross domestic product and government revenues. High dependence of government revenues on oil can contribute to severe recession following an adverse commodity price shock, such as in 2014. This paper examines the extent to which a fiscal rule or stabilization fund could translate into a less pro-cyclical fiscal policy, with the government saving part of its oil revenues during periods of high prices and drawing down on the savings during difficult periods. Using the macro-structural model MFMod, the paper presents, evaluates, and discusses the strengths and weaknesses of different oil revenue management mechanisms applied to the specific case of Chad. The scenarios demonstrate that a well-designed management rule can successfully insulate the public budget from the oil price cycle, resulting in a significant reduction in the volatility of the economy.
    Language: English
    DOI: 10.1596/1813-9450-9402
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    Charité
  • 6
    Online Resource
    Online Resource
    Designing Oil Revenue Management Mechanisms : An Application to Chad (2020)
    Washington, D.C. :The World Bank,
    Details
    UID:
    edocfu_9959699034202883
    Format: 1 online resource (44 pages)
    Series Statement: Policy research working papers.
    Content: Oil resources usually play a significant role in oil-rich countries, in gross domestic product and government revenues. High dependence of government revenues on oil can contribute to severe recession following an adverse commodity price shock, such as in 2014. This paper examines the extent to which a fiscal rule or stabilization fund could translate into a less pro-cyclical fiscal policy, with the government saving part of its oil revenues during periods of high prices and drawing down on the savings during difficult periods. Using the macro-structural model MFMod, the paper presents, evaluates, and discusses the strengths and weaknesses of different oil revenue management mechanisms applied to the specific case of Chad. The scenarios demonstrate that a well-designed management rule can successfully insulate the public budget from the oil price cycle, resulting in a significant reduction in the volatility of the economy.
    Language: English
    DOI: 10.1596/1813-9450-9402
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    FU Berlin
  • 7
    Online Resource
    Online Resource
    The World Bank Macro-Fiscal Model Technical Description (2019)
    World Bank, Washington, DC
    Details
    UID:
    gbv_1759625752
    Format: 1 Online-Ressource
    Series Statement: Policy Research Working Paper No. 8965
    Content: This paper outlines the structure and economic foundation of the World Bank's macroeconomic and fiscal model (MFMod). MFMod consists of individual country models for 181 countries. The models are used by country economists within the World Bank's Macroeconomics, Trade and Investment Global Practice to (i) generate country forecasts and (ii) simulate various policies. Each model has a similar structure and functional form, with variation reflecting data availability and economic specialization (notably for oil exporters). Although the functional forms are similar, the parameters are country specific and estimated at the country level. Forecasts across countries are live-linked, with the export market growth of each country calculated as a trade-weighted average of imports of each of its trading partners. Remittance inflows and outflows are balanced across countries through a similar mechanism. Other cross-country linkages come through the real effective exchange rate and export and import prices, which are a function of world commodity prices and local cost considerations
    Note: English
    Language: English
    URL: kostenfrei
    URL: kostenfrei
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Stabi Berlin
  • 8
    Online Resource
    Online Resource
    Designing Oil Revenue Management Mechanisms : An Application to Chad (2020)
    World Bank, Washington, DC
    Details
    UID:
    gbv_1759619728
    Format: 1 Online-Ressource
    Series Statement: Policy Research Working Paper No. 9402
    Content: Oil resources usually play a significant role in oil-rich countries, in gross domestic product and government revenues. High dependence of government revenues on oil can contribute to severe recession following an adverse commodity price shock, such as in 2014. This paper examines the extent to which a fiscal rule or stabilization fund could translate into a less pro-cyclical fiscal policy, with the government saving part of its oil revenues during periods of high prices and drawing down on the savings during difficult periods. Using the macro-structural model MFMod, the paper presents, evaluates, and discusses the strengths and weaknesses of different oil revenue management mechanisms applied to the specific case of Chad. The scenarios demonstrate that a well-designed management rule can successfully insulate the public budget from the oil price cycle, resulting in a significant reduction in the volatility of the economy
    Note: Africa , Chad , English
    Language: English
    URL: kostenfrei
    URL: kostenfrei
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Stabi Berlin
  • 9
    Online Resource
    Online Resource
    The World Bank Macro-Fiscal Model Technical Description / (2019)
    Washington, D.C. :The World Bank,
    Details
    UID:
    edoccha_9959128135102883
    Format: 1 online resource (41 pages)
    Series Statement: Policy research working papers.
    Content: This paper outlines the structure and economic foundation of the World Bank's macroeconomic and fiscal model (MFMod). MFMod consists of individual country models for 181 countries. The models are used by country economists within the World Bank's Macroeconomics, Trade and Investment Global Practice to (i) generate country forecasts and (ii) simulate various policies. Each model has a similar structure and functional form, with variation reflecting data availability and economic specialization (notably for oil exporters). Although the functional forms are similar, the parameters are country specific and estimated at the country level. Forecasts across countries are live-linked, with the export market growth of each country calculated as a trade-weighted average of imports of each of its trading partners. Remittance inflows and outflows are balanced across countries through a similar mechanism. Other cross-country linkages come through the real effective exchange rate and export and import prices, which are a function of world commodity prices and local cost considerations.
    Language: English
    DOI: 10.1596/1813-9450-8965
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    Charité
  • 10
    Online Resource
    Online Resource
    The World Bank Macro-Fiscal Model Technical Description / (2019)
    Washington, D.C. :The World Bank,
    Details
    UID:
    edocfu_9959128135102883
    Format: 1 online resource (41 pages)
    Series Statement: Policy research working papers.
    Content: This paper outlines the structure and economic foundation of the World Bank's macroeconomic and fiscal model (MFMod). MFMod consists of individual country models for 181 countries. The models are used by country economists within the World Bank's Macroeconomics, Trade and Investment Global Practice to (i) generate country forecasts and (ii) simulate various policies. Each model has a similar structure and functional form, with variation reflecting data availability and economic specialization (notably for oil exporters). Although the functional forms are similar, the parameters are country specific and estimated at the country level. Forecasts across countries are live-linked, with the export market growth of each country calculated as a trade-weighted average of imports of each of its trading partners. Remittance inflows and outflows are balanced across countries through a similar mechanism. Other cross-country linkages come through the real effective exchange rate and export and import prices, which are a function of world commodity prices and local cost considerations.
    Language: English
    DOI: 10.1596/1813-9450-8965
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    FU Berlin
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