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This paper develops a dynamic stochastic general equilibrium model to analyze and derive simple budget rules in the face of volatile public revenue from natural resources in a low-income country like Niger. The simulation results suggest three policy lessons or rules of thumb. When a resource...
Persistent link: https://www.econbiz.de/10011396265
Persistent link: https://www.econbiz.de/10010421599
This paper develops a dynamic stochastic general equilibrium model to analyze and derive simple budget rules in the face of volatile public revenue from natural resources in a low-income country like Niger. The simulation results suggest three policy lessons or rules of thumb. When a resource...
Persistent link: https://www.econbiz.de/10012972940
Persistent link: https://www.econbiz.de/10011752732