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Thesis

Macroeconomic policy in resource-rich economies

Abstract:

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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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Research group:
Oxford Centre for the Analysis of Resource Rich Economies
Oxford college:
Pembroke College
Role:
Author

Contributors

Division:
SSD
Department:
Economics
Role:
Supervisor
More from this funder
Name:
General Sir John Monash Foundation
Funding agency for:
Wills, S
Publication date:
2013
Type of award:
DPhil
Level of award:
Doctoral
Awarding institution:
Oxford University, UK
Language:
English
Keywords:
Subjects:
UUID:
uuid:a7050812-cec5-47f6-912b-d00252c3d69f
Local pid:
ora:11506
Deposit date:
2015-05-29

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