Fiscal Policy Formulation (Davis et al.)

Fiscal policy formulation and implementation in oil-producing countries by Jeffrey M. Davis, Rolando Ossowski and Annalisa Fedelino, published by IMF. “Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerability to oil price and other external shocks. This book brings together studies that provide analysis and findings on fiscal policy issues in oil-producing countries from a diverse international perspective.”