Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries: The Case of Suriname

July 10, 2014

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Format: Chicago

Daniel S Kanda, and Mario Mansilla. Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries: The Case of Suriname, (USA: International Monetary Fund, 2014) accessed November 9, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper first attempts to quantify the natural resource wealth of Suriname from the perspective of its impact on the fiscal position, and then assesses the fiscal sustainability gap in that context. It then presents models to address the question of the optimal path of fiscal consolidation given the outlook for natural resource wealth, macroeconomic conditions, and country authority preferences.

Subject: Environment, Fiscal policy, Fiscal stance, Fiscal sustainability, Natural resources, Non-renewable resources, Output gap, Production

Keywords: Baseline projection, Commodity exporter, Constraint method, Discount rate, Fiscal stance, Fiscal Sustainability, Fiscal Targets, Global, Gold price, Natural Resource Wealth, Natural resources, Non-renewable resources, Optimal Fiscal Consolidation, Output gap, Price projection, Suriname, Sustainability gap, WP

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2014/121
Stock No:

WPIEA2014121
ISBN:

9781498364614
ISSN:

1018-5941

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