Landon, Stuart; Smith, Constance - Economics and Econometrics Research Institute (EERI) - 2010
to have a minor effect on overall revenue volatility since Alberta’s royalty revenues are such a large share of total own …, and cannot eliminate all revenue volatility. The Canadian dollar tends to appreciate (depreciate) when energy prices rise … using Alberta data shows that a revenue savings fund could significantly reduce revenue volatility. This type of fund leads …