Thesis
Macroeconomic policy in resource-rich economies
- Abstract:
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This thesis considers how fiscal and monetary policy should be conducted in resourcerich economies. It consists of three papers addressing: whether governments should spend, save or invest volatile oil income; the assets they should save in; and how monetary policy should respond.
The first, “Eight principles for managing resource wealth”, shows that capital-scarce countries should save relatively less against oil price volatility, and invest more in domestic capital. They ...
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Funding
Bibliographic Details
- Publication date:
- 2013
- Type of award:
- DPhil
- Level of award:
- Doctoral
- Awarding institution:
- Oxford University, UK
Item Description
- Language:
- English
- Keywords:
- Subjects:
- UUID:
-
uuid:a7050812-cec5-47f6-912b-d00252c3d69f
- Local pid:
- ora:11506
- Deposit date:
- 2015-05-29
Terms of use
- Copyright holder:
- Wills, S
- Copyright date:
- 2013
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