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capital-scarce resource exporter. I show that capital-scarce countries should still establish a Volatility Fund, but it should … a Volatility Fund quickly, then leave it alone; and iii) Invest to stabilise the real exchange rate.The remaining four … improve absorption, vi)Invest part of the Volatility Fund domestically; and vii) Support private investment. …
Persistent link: https://www.econbiz.de/10011276414
capital-scarce resource exporter.  I show that capital-scarce countries should still establish a Volatility Fund, but it …) Build a Volatility Fund quickly, then leave it alone;  iii) Invest to stabilise the real exchange rate. The remaining four … improve absorption, vi) Invest part of the Volatility Fund domestically; and vii) Support private investment. …
Persistent link: https://www.econbiz.de/10011164423
liquidity fund for the precautionary buffers to deal with commodity price volatility, and an investment fund to park part of the …
Persistent link: https://www.econbiz.de/10010757250
liquidity fund for the precautionary buffers to deal with commodity price volatility, and an investment fund to park part of the …
Persistent link: https://www.econbiz.de/10010740582
A windfall in a developing economy with capital scarcity and investment adjustment costs facing a temporary windfall should be used to give more consumption to poorer present generations and to speed up development by ramping up public investment and paying off debt taking due account of the...
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Policy prescriptions for managing natural resource windfalls are based on the permanent income hypothesis: none of the windfall is invested at home and saving in an intergenerational SWF is dictated by smoothing consumption across different generations. Furthermore, with Dutch disease effects...
Persistent link: https://www.econbiz.de/10012960370