IMF How To Notes

How to Design a Fiscal Strategy in a Resource-Rich Country: Guidance Note on the Excel Template (v1.0)

By Olivier Basdevant, John Hooley, Eslem Imamoglu

March 9, 2021

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Format: Chicago

Olivier Basdevant, John Hooley, and Eslem Imamoglu. How to Design a Fiscal Strategy in a Resource-Rich Country: Guidance Note on the Excel Template (v1.0), (USA: International Monetary Fund, 2021) accessed November 7, 2024

Summary

This guidance note describes how to use the Excel-based template developed by the Fiscal Affairs Department (FAD) of the IMF accompanying the note “How to Design a Fiscal Strategy in a Resource-Rich Country.” This template uses data inputs to generate simulations of fiscal policy dynamics. It helps IMF teams and country authorities in RRCs analyze trade-offs associated with alternative fiscal strategies for the use of public resource wealth. Visualizing these trade-offs and assessing their sensitivity to underlying macroeconomic assumptions can help inform policymakers on the most appropriate fiscal strategy, given country-specific circumstances.

Subject: Commodity price indexes, Fiscal governance, Fiscal multipliers, Fiscal policy, Macro-fiscal framework

Keywords: Calibration method, Commodity shock, Dropdown menu, FADHTN, HTN, Resource revenue, Shock path

Publication Details

  • Pages:

    13

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    How-To Note No. 2021/002

  • Stock No:

    HTNEA2021002

  • ISBN:

    9781513568805

  • ISSN:

    2522-7912

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