Managing Revenue Volatility in a Small Island Economy: The Case of Kiribati

WPIEA2005154 Image
Price:  $15.00

Author/Editor: Catriona Purfield
Release Date: © August, 2005
ISBN : 978-1-45186-173-0
Stock #: WPIEA2005154
English
Stock Status: Available

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Description

The formulation of fiscal policy in Kiribati faces unusual challenges. Kiribati's revenue base is among the most volatile in the world, and it possesses sizeable financial assets. Drawing on lessons from some other countries who experience high volatility in their revenues, this paper proposes a fiscal policy rule for Kiribati which is nested within a medium-term macroeconomic framework that aims to ensure the sustainable use of Kiribati's financial assets while managing the impact of extreme revenue volatility. It also discusses improvements in the institutional fiscal policy framework that could support such a framework.

Taxonomy

Economic policy , Fiscal policy




More publications in this series: Working Papers


More publications by: Catriona Purfield