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Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence?
Werneck, Rogério L.F.; Irwin, Timothy; Sturzenegger, … - Inter-American Development Bank
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects...
Persistent link: https://www.econbiz.de/10010943424
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Automatic Stabilization and Fiscal Policy: Some Quantitative Implications for Latin America and the Caribbean
Espino, Emilio; Rozada, Martín González - Inter-American Development Bank - 2012
This paper provides an estimation of the size of income and demand automatic stabilizers in a representative sample of … size of income and demand automatic stabilizers coefficients is much smaller than the size of these coefficients in Europe … income stabilization coefficient and two others affecting directly the demand stabilization coefficient. The main results …
Persistent link: https://www.econbiz.de/10010943765
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Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence?
Werneck, Rogério L.F.; Irwin, Timothy; Sturzenegger, … - Inter-American Development Bank
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects...
Persistent link: https://www.econbiz.de/10010772370