Harnessing windfall revenue in developing economies: Sovereign wealth funds and optimal trade‐offs between citizen dividends, public infrastructure and debt reduction.
A windfall of foreign aid or natural resource revenue faces government with choices of how to manage public borrowing, public asset accumulation, and the distribution of funds to households (across time and household types), particularly when the windfall is both anticipated and temporary. These cho...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
CEPR
2008
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