Official forecasts and management of oil windfalls
Official forecasts for oil revenues and the burden of pensioners are used to estimate forward-looking fiscal policy rules for Norway and compared with permanent-income and bird-in-hand rules. The results suggest that fiscal reactions have been partial forward-looking with respect to the rising pensi...
| Main Authors: | , |
|---|---|
| Format: | Working paper |
| Published: |
University of Oxford
2009
|