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Fiscal policy, stabilization, and growth: Responsibility edited by Guillermo E. Perry, Luis Serven, and Rodrigo Suescun.

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Physical description xx, p. Series Latin American development forum. World Bank eLibrary Full view. Find it at other libraries via WorldCat Limited preview.

Stanford Libraries

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, fiscal policy has often amplified cyclical volatility and dampened growth.

Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? - Google Книги

In particular, this book highlights the pro-cyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and assesses their possible solutions. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. Please note that corrections may take a couple of weeks to filter through the various RePEc services.


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Fiscal Policy, Stabilization, and Growth: 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 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 stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth.

In particular, this book highlights the pro-cyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and assesses their possible solutions.