Fiscal Positions in Latin America.

Fiscal performance in Latin America looks much improved this decade compared to the 1980s or 1990s. Is this a ""structural"" improvement or likely to be transitory? This paper answers this question by estimating the relationship between non-commodity revenue and the economic cycl...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Zettelmeyer, Jeromin
Otros Autores: Hollar, Ivanna Vladkova
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2008.
Colección:IMF Working Papers.
Temas:
Revenue > Latin America.
Business cycles > Latin America.
Fiscal policy > Latin America.
Revenus de l'État > Amérique latine.
Cycles économiques > Amérique latine.
Politique fiscale > Amérique latine.
Business cycles
Fiscal policy
Revenue
Latin America
Acceso en línea:Texto completo
Descripción
Sumario:Fiscal performance in Latin America looks much improved this decade compared to the 1980s or 1990s. Is this a ""structural"" improvement or likely to be transitory? This paper answers this question by estimating the relationship between non-commodity revenue and the economic cycle, and evaluating commodity revenues using alternative medium term commodity price projections. The main result is that structural revenues have indeed improved as a share of GDP, and structural primary balances are currently in surplus in many Latin American countries. However, the magnitude of these improvements is u.
Descripción Física:1 online resource (32 pages)
ISBN:9781451986280
1451986289

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