Macro policy responses to natural resource windfalls and the crash in commodity prices
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 the op...
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| Format: | Journal article |
| Language: | English |
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Elsevier
2017
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