000			01975cam a22002655a 4500
008			160309t2015 dcua er s 000 0 eng
020			_a9781513570709 (pbk.)
020			_a1513570706
040			_aDLC _cDLC
082			_a339.52 _bFIS
245	0	4	_aFiscal monitor, October 2015 : _bthe commodities roller coaster-a fiscal framework for uncertain times /
260			_aWashington, D.C. : _bInternational Monetary Fund, _cc2015.
300			_aix, 80 p. :ill,
440			_aWorld economic and financial surveys ;
504			_aIncludes bibliographical footnotes.
520			_aNatural resource-rich countries benefited from an exceptional commodity price boom during the 2000s, with metal and oil prices reaching historic highs. This provided a substantial boon to resource-rich developing countries, which benefited from large increases in fiscal revenues and the opportunity to promote economic transformation and development. However, the more recent reversal in commodity prices has driven home the fact that commodity prices are volatile, unpredictable, and subject to long-lasting shocks. It has also meant that commodity exporters will need to adjust to a--possibly protracted--period of lower export and fiscal revenues. In light of this recent development, this issue of the Fiscal Monitor examines the conduct of fiscal policy under the uncertainty caused by dependence on natural resource revenues. It draws on extensive past research on the behavior of commodity prices and their implications for macroeconomic outcomes, as well as on extensive IMF technical assistance to resource-rich economies seeking to improve their management of natural resource wealth.
590			_ahza 30/01/2019
591			_aLoans
650		0	_aFiscal policy.
650		0	_aInternational Monetary Fund.
710	2		_aInternational Monetary Fund.
856	4	1	_uhttps://www.imf.org/external/pubs/ft/fm/2015/02/pdf/fm1502.pdf
942			_2ddc _cBOOK
949			_a339.52 FIS
999			_c13988 _d13988