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Fiscal cycles in the Caribbean /
The sharp increase in debt in the Caribbean since the mid-1990s has focused attention on the conduct of fiscal policy in the region. This paper aims to diagnose how fiscal policy has behaved during this period by looking at three main cycles of the economy: the business, election, and natural disast...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, DC] :
International Monetary Fund,
©2009.
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| Colección: | IMF working paper ;
WP/09/158. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The sharp increase in debt in the Caribbean since the mid-1990s has focused attention on the conduct of fiscal policy in the region. This paper aims to diagnose how fiscal policy has behaved during this period by looking at three main cycles of the economy: the business, election, and natural disaster cycles. Our main findings suggest that fiscal policy has been mostly procyclical in the region, while disasters have been heavily "insured" by foreign transfers. The "when it rains, it pours" phenomena suggested by Kaminsky, Reinhart and Vegh (2004) seems to take place in the Caribbean |
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| Descripción Física: | 1 online resource (27 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (pages 25-27). |
| ISBN: | 1451917333 9781451917338 1462384021 9781462384020 1452712735 9781452712734 9786612843716 6612843713 1451873050 9781451873054 1282843710 9781282843714 |
| ISSN: | 2227-8885 ; |