This paper examines the cash flow and financial issues affecting Venezuela’s PDVSA, as well as the operational challenges facing the country’s oil industry.
Igor Hernández, Francisco J. MonaldiNovember 18, 2016
This working paper studies optimal taxation in a dynamic stochastic economy in which there is uncertainty about the effects of climate change. It concludes that model uncertainty has significant quantitative implications regarding optimal greenhouse gas emissions and the optimal mix of fossil fuel used.