Natural-resource depletion, habit formation, and sustainable fiscal policy : lessons from Gabon /
While models based on Friedman's (1957) permanent-income hypothesis can provide oilproducing countries with long-run fiscal targets, they usually abstract from short-run costs associated with consolidation. This paper proposes a model that takes such adjustment costs (or "habits") int...
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| Online Access: |
Full text (MCPHS users only) |
|---|---|
| Main Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
2006
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| Series: | IMF working paper ;
WP/06/193. |
| Subjects: | |
| Local Note: | ProQuest Ebook Central |
