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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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 21, 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:

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DOI:

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Issue:

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Series:

How-To Note No. 2021/002
Stock No:

HTNEA2021002
ISBN:

9781513568805
ISSN:

2522-7912

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