TY - BOOK ID - 84658510 TI - The Day After Tomorrow : Designing an Optimal Fiscal Strategy for Libya AU - Caceres, Carlos. AU - Cevik, Serhan. AU - Committeri, Marco. AU - Gracia, Borja. AU - International Monetary Fund. PY - 2013 SN - 1484363396 1484309235 1484309839 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Finance KW - Funding KW - Funds KW - Economics KW - Currency question KW - Libya KW - Lībiyā KW - Jamāhīrīyah al-ʻArabīyah al-Lībīyah al-Shaʻbīyah al-Ishtirākīyah KW - Libyan Arab Jamahiriya KW - Jamahiriya arabe libyenne KW - Libyen KW - Libia KW - Livii︠a︡ KW - Popular Socialist Libyan Arab Jamahiriya KW - Libië KW - Socialist People's Arab Jamahiriya KW - Socialist People's Libyan Arab Jamahiriya KW - Luv KW - Libye KW - Jamahiriya arabe libyenne populaire socialiste KW - Great Socialist People's Libyan Arab Jamahiriya KW - Gran Jamahiriya araba libica socialista popolare KW - SPLAJ KW - Jamahiriya Arab Libyan Popular Socialist KW - G.S.P.L.A.J. KW - GSPLAJ KW - Jamāhīrīyah al-ʻUẓmá KW - Jamahiriya al-Arabiya al-Libiya al-Shabiya al-Ishtirakiya al-Uzma KW - Great Socialist People's Libyan Arab Republic KW - Grande Jamahiriya arabe populaire socialiste libyenne KW - Mamlakah al-Lībīyah al-Muttaḥidah KW - Grand Jamahiriya arabe libyenne populaire socialiste KW - State of Libya KW - Dawiat Libiya KW - リビア KW - Ribia KW - ليبيا KW - לוב KW - Economic policy. KW - Macroeconomics KW - Public Finance KW - Business Fluctuations KW - Cycles KW - Fiscal Policy KW - Structure, Scope, and Performance of Government KW - National Deficit Surplus KW - Economic Development: Agriculture KW - Natural Resources KW - Energy KW - Environment KW - Other Primary Products KW - National Government Expenditures and Related Policies: General KW - Public finance & taxation KW - Fiscal policy KW - Expenditure KW - Fiscal rules KW - Fiscal stance KW - Fiscal sustainability KW - Expenditures, Public UR - https://www.unicat.be/uniCat?func=search&query=sysid:84658510 AB - Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, procyclical fiscal policies threaten macroeconomic stability as well as fiscal sustainability and intergenerational equity. In three parts, this paper provides an assessment of the cyclically adjusted fiscal stance, analyzes fiscal sustainability according the permanent income framework, and simulates various fiscal policy rules with the objective of developing a rule-based fiscal strategy that would delink the economy from oil price fluctuations, improve the management of resource wealth, and safeguard macroeconomic stability. ER -