Saving Alberta's resource revenues: role of intergenerational and liquidity funds

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, this...

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Príomhchruthaitheoirí: Van der Ploeg, R, van den Bremer, T
Formáid: Working paper
Foilsithe / Cruthaithe: University of Oxford 2016