Tipo: materialTypeLabelLibro - General
Ubicación Física: 336.3098 / F528

Fiscal policy, stabilization, and growth : prudence or abstinence? /

Otros Autores: Servén, Luis ; Suescún, Rodrigo.
Serie: Latín American development forum.
Pié de imprenta: Washington, D.C. : The World Bank, 2008.
Descripción: 329 p.
ISBN: 9780821370841.
Tema(s):
Resumen: 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 exclusive on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stylize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often implied cyclical volatility and dampened growth. Fiscal Policy, Stabilization, and Growth explore the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explorer their causes and macroeconomic consequences, and assess their possible solutions.

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Colección General 336.3098 / F528 (Navegar estantería) Ej. 1 Disponible 44141

Economía

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 exclusive on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stylize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often implied cyclical volatility and dampened growth.

Fiscal Policy, Stabilization, and Growth explore the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explorer their causes and macroeconomic consequences, and assess their possible solutions.

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