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Managing and Harnessing Volatile Oil Windfalls
Van Den Bremer, Ton; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2012
and productivity growth is low. We apply our theory to the windfalls of Norway, Iraq and Ghana. The optimal size of Ghana …’s liquidity fund is tiny even with high prudence. Norway’s liquidity fund is bigger than Ghana’s. Iraq’s liquidity fund is … to invest. We illustrate how this can speed up the process of development in Ghana despite domestic absorption …
Persistent link: https://www.econbiz.de/10011084534
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How to spend a windfall
Bremer, Ton S. van den; Ploeg, Frederick van der - 2012
Persistent link: https://www.econbiz.de/10009515819
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Saving Alberta's Resource Revenues: Role of Intergenerational and Liquidity Funds
van den Bremer, Ton S.; van der Ploeg, Rick - 2016
We use a welfare-based intertemporal stochastic optimization model and historical data to estimate the size of the optimal intergenerational and liquidity funds and the corresponding resource dividend available to the government of the Canadian province Alberta. To first-order of approximation,...
Persistent link: https://www.econbiz.de/10011555544
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Saving Alberta's resource revenues : role of intergenerational and liquidity funds
Bremer, Ton S. van den; Ploeg, Frederick van der - 2016
We use a welfare-based intertemporal stochastic optimization model and historical data to estimate the size of the optimal intergenerational and liquidity funds and the corresponding resource dividend available to the government of the Canadian province Alberta. To first-order of approximation,...
Persistent link: https://www.econbiz.de/10011541123
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Saving Alberta's Resource Revenues : Role of Intergenerational and Liquidity Funds
Van Den Bremer, Ton - 2016
We use a welfare-based intertemporal stochastic optimization model and historical data to estimate the size of the optimal intergenerational and liquidity funds and the corresponding resource dividend available to the government of the Canadian province Alberta. To first-order of approximation,...
Persistent link: https://www.econbiz.de/10012979602
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Guidelines for Exploiting Natural Resource Wealth
Ploeg, Rick Van der - Department of Economics, Oxford University - 2013
The principles of how best to manage the various components of national wealth are outlined, where the permanent income hypothesis, the Hotelling rule and the Hartwick rule play a prominent role. As far as managing natural resource wealth is concerned, a case is made to use an intergenerational...
Persistent link: https://www.econbiz.de/10010757250
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Guidelines for Exploiting Natural Resource Wealth
Ploeg, Frederick van der - Oxford Centre for the Analysis of Resource-Rich … - 2014
The principles of how best to manage the various components of national wealth are outlined, where the permanent income hypothesis, the Hotelling rule and the Hartwick rule play a prominent role. As far as managing natural resource wealth is concerned, a case is made to use an intergenerational...
Persistent link: https://www.econbiz.de/10010740582
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The elephant in the ground: managing oil and sovereign wealth
Bremer, Ton van den; Ploeg, Frederick van der; Wills, Samuel - Crawford School of Public Policy, Australian National … - 2014
a fund’s portfolio through additional leverage and hedging. First-best spending should be a share of total wealth, and … faster than the Hotelling rule to generate a risk premium on oil wealth. We then discuss how the management of Norway’s fund …
Persistent link: https://www.econbiz.de/10010938008
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The Elephant in the Ground: Managing oil and sovereign wealth
Bremer, Ton van den; Ploeg, Frederick van der; Wills, Samuel - Oxford Centre for the Analysis of Resource-Rich … - 2014
framework for considering both. Subsoil oil should alter a fund’s portfolio through additional leverage and hedging. First …. Finally, we discuss how our analysis could improve the management of Norway’s fund in practice. …
Persistent link: https://www.econbiz.de/10011004123
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The Elephant in the Ground: Managing Oil and Sovereign Wealth
Van Den Bremer, Ton; van der Ploeg, Frederick; Wills, Samuel - C.E.P.R. Discussion Papers - 2014
a fund’s portfolio through additional leverage and hedging. First-best spending should be a share of total wealth, and … faster than the Hotelling rule to generate a risk premium on oil wealth. We then discuss how the management of Norway’s fund …
Persistent link: https://www.econbiz.de/10011084308