(CEMAC), most of which depend heavily on oil exports. At present, the CEMAC's macroeconomic surveillance exercise sets as … in oil prices and, hence, oil receipts obscure the underlying fiscal stance. Second, oil resources are limited, which … suggests that some of today's oil receipts should be saved to finance future consumption. The paper develops easy …

Many governments are heavily exposed to oil price risk, especially those dependent on revenue derived from oil … stabilization funds, are inherently flawed. Oil risk markets could be a solution. These markets have matured greatly in the last … decade, and their range and depth could allow even substantial producers, and consumers, to hedge their oil price risk. Yet …

recent years, thanks to high oil revenue, economic growth, some primary non-oil fiscal adjustment, and debt relief. While … uncomfortably high in many, particularly non-oil producing countries and middle income oil producers. Non-oil countries adjust … mainly by increasing revenues, whereas oil countries adjust expenditure. For non-oil producing countries, substantial fiscal …

The main purposes of this paper are to review the operational modalities and experience of oil funds currently in place …

We derive non-cooperative Nash equilibrium (NE) importer and exporter petroleum excise taxes given full within … petroleum, and petroleum consumption causes a global externality. The aggregate NE tax is found to consist of an externality … scheme for importers, and will imply greater petroleum consumption and carbon emissions. When exporters behave as a cartel …

, such as oil, minerals, and forests, continue to attract significant investments whereas others, like natural gas, could be …

distinct commodities-crude oil and fine wine, we find that macroeconomic factors are the main determinants of commodity prices …

of a destination-based VAT regime. Oil and gas trade is a major source of Russian tax revenue, which is collected partly …

This paper attempts to offer specific inputs to the debate on local content promotion in the oil industry, using the … consistency between the prospective oil sector development and the growth of other sectors of the economy. We also assess a number … of sectoral policies and "niche" activities within the oil industry that would maximize the local benefits from oil …