Wiegand, Johannes - International Monetary Fund (IMF) - 2004
(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 …