[PDF.10jp] Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? (Latin American Development Forum)

Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? (Latin American Development Forum)

[PDF.xa66] Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? (Latin American Development Forum)

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 | #8974065 in Books |  world bank publications |  2007-10-19 | Original language:English | PDF # 1 |  9.00 x.83 x6.09l,1.23 | File type: PDF | 350 pages

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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...

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