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Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? (Latin American Development Forum)
World Bank
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Description for Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? (Latin American Development Forum)
Paperback. Fiscal policy in Latin America has been largely designed and implemented around short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence. This volume is concerned with the conduct of fiscal policy in Latin America, and its consequences for macroeconomic stability and long-term growth. Editor(s): Perry, Guillermo E.; Serven, Luis; Suescun, Rodrigo. Num Pages: 350 pages, Illustrations. BIC Classification: 1KL; KCM; KFF. Category: (P) Professional & Vocational. Dimension: 229 x 152 x 21. Weight in Grams: 554.
Fiscal policy in Latin America has been largely designed and implemented around short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence. Until recently, very little attention had been paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Instead, attention focused almost exclusively on the levels of public debt and the fiscal deficit. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, ... Read more
Fiscal policy in Latin America has been largely designed and implemented around short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence. Until recently, very little attention had been paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Instead, attention focused almost exclusively on the levels of public debt and the fiscal deficit. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, ... Read more
Product Details
Format
Paperback
Publication date
2007
Publisher
World Bank Publications
Condition
New
Place of Publication
Washington, United States
ISBN
9780821370841
SKU
V9780821370841
Shipping Time
Usually ships in 5 to 9 working days
Ref
99-3
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