How to Design a Fiscal Strategy in a Resource-Rich Country: Guidance Note on the Excel Template (v1.0)

IMF How To Notes, March 9, 2021

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How to Design a Fiscal Strategy in a Resource-Rich Country: Guidance Note on the Excel Template (v1.0)

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Bibliographic details

• Authors: Olivier Basdevant, Eslem Imamoglu
• Published: March 9, 2021
• Series: IMF How To Notes
• DOI: https://doi.org/10.5089/9781513568805.061

Summary and purpose

• Describes how to use the Excel-based template developed by the Fiscal Affairs Department (FAD) of the IMF accompanying the note “How to Design a Fiscal Strategy in a Resource-Rich Country.”
• The template uses data inputs to generate simulations of fiscal policy dynamics.
• Aims to help IMF teams and country authorities in RRCs analyze trade-offs associated with alternative fiscal strategies for the use of public resource wealth.
• Visualizing trade-offs and assessing their sensitivity to underlying macroeconomic assumptions is intended to inform policymakers on the most appropriate fiscal strategy given country-specific circumstances.

Intended users and applications

• Primary users: IMF teams and country authorities in resource-rich countries (RRCs).
• Uses:
  • Simulate fiscal policy dynamics based on country data inputs.
  • Analyze trade-offs across alternative fiscal strategies for resource wealth use.
  • Assess sensitivity of outcomes to alternative macroeconomic assumptions.

Key features and inputs (as described)

• Excel-based template provided by FAD for simulation and visualization.
• Data-driven: relies on user-provided data inputs.
• Focus areas and subject tags from the publication:
  • Commodity price indexes
  • Fiscal governance
  • Fiscal multipliers
  • Fiscal policy
  • Macro-fiscal framework
• Keywords associated with the template and note:
  • calibration method
  • commodity shock
  • dropdown menu
  • FADHTN
  • HTN
  • resource revenue
  • shock path

Content in this bundle

• How to Design a Fiscal Strategy in a Resource-Rich Country: Guidance Note on the Excel Template
  • How to Design a Fiscal Strategy in a Resource-Rich Country: Guidance Note on the Excel Template (Markdown version)
  • How to Design a Fiscal Strategy in a Resource-Rich Country: Guidance Note on the Excel Template (PDF)