Fiscal Frameworks (Baunsgaard et al.)

Fiscal frameworks for resource rich developing countries prepared by Thomas Baunsgaard, Mauricio Villafuerte, Marcos Poplawski Ribeiro and Christine Richmond. “This paper examines options for fiscal policy frameworks in resource rich developing countries. In doing so, it reassesses the role of the permanent income hypothesis, especially in low income countries seeking to tackle infrastructure and development needs by scaling up growth enhancing expenditure.” http://bit.ly/JqWsQm