How to Design a Fiscal Strategy in a Resource-Rich Country: Guidance Note on the Excel Template (v1.0)
March 9, 2021
Summary
This guidance note 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.” This template uses data inputs to generate simulations of fiscal policy dynamics. It helps IMF teams and country authorities in RRCs analyze trade-offs associated with alternative fiscal strategies for the use of public resource wealth. Visualizing these trade-offs and assessing their sensitivity to underlying macroeconomic assumptions can help inform policymakers on the most appropriate fiscal strategy, given country-specific circumstances.
Subject: Commodity price indexes, Fiscal governance, Fiscal multipliers, Fiscal policy, Macro-fiscal framework
Keywords: calibration method, commodity shock, dropdown menu, FADHTN, HTN, resource revenue, shock path
Pages:
13
Volume:
2021
DOI:
Issue:
002
Series:
How-To Note No. 2021/002
Stock No:
HTNEA2021002
ISBN:
9781513568805
ISSN:
2522-7912
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