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Do the sovereign wealth funds of Kazakhstan and Azerbaijan promote the sustainable use of government oil revenues? We …
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presource curse', id est, natural resources can jeopardize fiscal sustainability even before 'the first drop of oil is pumped …This paper investigates the dynamic impact of natural resource discoveries on government debt sustainability. We use a …-2012, with a global repository of giant oil, gas, and mineral discoveries. We find strong and robust evidence of a 'fiscal …
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Sovereign Wealth Funds (SWF) play a significant role in many countries. In this paper, I develop a model that shows the potential of SWF to stabilise autocratic regimes. A ruling elite might have an incentive to put part of their income into such an investment vehicle. The reason is that a SWF...
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Stabilisierungsfonds haben in den vergangenen Jahren, insb. während der letzten Energie- und Rohstoffpreishausse bis zum Sommer 2008, an Bedeutung gewonnen. In diesem Beitrag wird der Frage nachgegangen, welche strategische Rolle diese Fonds für die makroökonomische Governance von Ländern...
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retirement age has to be increased. -- permanent income hypothesis ; oil windfall ; sovereign wealth fund ; graying population …
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