Title Policy towards commodity shocks in developing countries / prepared by Paul Collier and Jan Willem Gunning

Published [Washington, D.C.] : International Monetary Fund, Research Dept., ©1996

Click on the following:
IMF eLibrary

Copies

Description 1 online resource (iii, 17 pages) Series IMF working paper ; WP/96/84 IMF working paper ; WP/96/84. Summary Annotation On the basis of a comparative study of 23 episodes involving commodity price shocks we find that both the public and private sectors typically save around half of a windfall gain resulting from a price rise. We argue that private windfalls should be left with the private sector rather than taxed. the focus of policy towards windfalls should be monetary rather than fiscal. the central bank should accommodate aggregate changes in the demand for financial assets. the private sector will initially wish to increase its claims on the central bank as it saves the windfall, but will then reduce them as portfolios are switched into real assets Bibliography Includes bibliographical references (page 17) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Prices -- Developing countries Commercial products -- Developing countries Income -- Developing countries Revenue -- Developing countries Commercial products. Economic policy. Income. Prices. Revenue. COMMODITIES. COMMODITY PRICES. DEVELOPING COUNTRIES. SUBJECT Developing countries -- Economic policy Subject Developing countries. Form Electronic book Author Gunning, Jan, author. International Monetary Fund. Research Department, issuing body. ISBN 145524838X 9781455248384

  Permalink