The wealth of sovereigns -- The road to Pan-Asia -- Rumble in the jungle -- A new oil age -- To the ends of the earth -- Natural gas : the 21st century fuel -- Coal : the world's workhorse -- The other energy -- Water is money -- Back to the future -- Age, youth, and upward mobility -- The Asian...

A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...

Sovereign wealth funds represent a large and growing pool of savings. An increasing number of these funds are owned by natural resource-exporting countries and have a variety of objectives, including intergenerational equity and macroeconomic stabilization. Traditionally, these funds have...