Resource revenue management: three policy clocks

Economies in which the extraction of a non-renewable natural resource is a significant activity pose two distinctive challenges for economic policy: Revenues are likely to fluctuate because commodity prices have historically been volatile. Furthermore the revenue from extraction is generated by depl...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Collier, Paul, 1949-
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	RECURSOS NATURALES NO RENOVABLES POLÍTICA ECONÓMICA PRODUCTOS BÁSICOS
Acceso en línea:	https://hdl.handle.net/20.500.12580/3839
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai-20.500.12580-3839
record_format	dspace
spelling	oai-20.500.12580-38392021-04-24T11:11:35Z Resource revenue management: three policy clocks Collier, Paul, 1949- RECURSOS NATURALES NO RENOVABLES POLÍTICA ECONÓMICA PRODUCTOS BÁSICOS Economies in which the extraction of a non-renewable natural resource is a significant activity pose two distinctive challenges for economic policy: Revenues are likely to fluctuate because commodity prices have historically been volatile. Furthermore the revenue from extraction is generated by depleting a finite resource and therefore a potential case for offsetting depletion with the accumulation of other assets. Volatility and depletion work in radically different timescales. Managing them evidently requires distinct ‘policy clocks.’ Chile has led the world in its approach to managing volatility but it has yet to think through the issues posed by depletion with equivalent rigor. Hence my initial focus will be on whether Chile should be at all concerned about depletion and if so what an appropriate policy response might be. 2019-11-01T00:06:36Z 2019-11-01T00:06:36Z 2014 Artículo 978-956-7421-50-3 https://hdl.handle.net/20.500.12580/3839 eng Series on Central Banking Analysis and Economic Policies no. 22 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 245-270 application/pdf CHILE Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	RECURSOS NATURALES NO RENOVABLES POLÍTICA ECONÓMICA PRODUCTOS BÁSICOS
spellingShingle	RECURSOS NATURALES NO RENOVABLES POLÍTICA ECONÓMICA PRODUCTOS BÁSICOS Collier, Paul, 1949- Resource revenue management: three policy clocks
description	Economies in which the extraction of a non-renewable natural resource is a significant activity pose two distinctive challenges for economic policy: Revenues are likely to fluctuate because commodity prices have historically been volatile. Furthermore the revenue from extraction is generated by depleting a finite resource and therefore a potential case for offsetting depletion with the accumulation of other assets. Volatility and depletion work in radically different timescales. Managing them evidently requires distinct ‘policy clocks.’ Chile has led the world in its approach to managing volatility but it has yet to think through the issues posed by depletion with equivalent rigor. Hence my initial focus will be on whether Chile should be at all concerned about depletion and if so what an appropriate policy response might be.
format	Artículo
author	Collier, Paul, 1949-
author_facet	Collier, Paul, 1949-
author_sort	Collier, Paul, 1949-
title	Resource revenue management: three policy clocks
title_short	Resource revenue management: three policy clocks
title_full	Resource revenue management: three policy clocks
title_fullStr	Resource revenue management: three policy clocks
title_full_unstemmed	Resource revenue management: three policy clocks
title_sort	resource revenue management: three policy clocks
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3839
work_keys_str_mv	AT collierpaul1949 resourcerevenuemanagementthreepolicyclocks
_version_	1718346914499395584

Resource revenue management: three policy clocks

Ejemplares similares