Fiscal rules and economic size in Latin America and the Caribbean /

Following the collapse of commodity prices in Latin America and the Caribbean (LAC) in 2014-15, many countries in the region were unable to cushion the impact of the shock in order to experience a more gradual adjustment, to a large extent because they had not built adequate fiscal buffers during th...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Cossio, Fernando Andrés Blanco (Autor), Saavedra, Pablo (Autor), Koehler-Geib, Friederike (Autor), Skrok, Emilia (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, DC : World Bank Group, [2020]
Colección:Latin American development forum.
Temas:
Fiscal policy > Latin America.
Fiscal policy > Caribbean Area.
Financial crises > Government policy > Latin America.
Financial crises > Government policy > Caribbean Area.
Politique fiscale > Amérique latine.
Politique fiscale > Caraïbes (Région)
Financial crises > Government policy
Fiscal policy
Caribbean Area
Latin America
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Front Cover
  • Contents
  • Preface
  • Acknowledgments
  • About the Authors
  • Abbreviations
  • Overview
  • Setting the Scene
  • Fiscal Rules and Economic Size
  • Small Countries: Structural Features, Business Cycles, and Recent Economic Performance
  • A Snapshot of Fiscal Rules
  • Fiscal Rules in Practice: Presence, Compliance, and Effectiveness
  • Designing Effective Fiscal Rules in Smaller Countries
  • Annex OA. Smaller Countries in the World, by Population Size and Land Area
  • Notes
  • References
  • 1 Structural Features and Business Cycles in Smaller Countries
  • Introduction
  • Structural Characteristics of Small Economies
  • Business Cycles in Smaller Economies
  • Summary of Findings
  • Notes
  • References
  • 2 The Impact of Fiscal Rules on Fiscal Performance
  • Introduction
  • Taxonomy of Fiscal Rules
  • Presence of Fiscal Rules
  • Compliance with Fiscal Rules and Contributing Factors
  • Performance of Fiscal Rules
  • Summary of Findings
  • Notes
  • References
  • 3 Designing Effective Fiscal Rules in Smaller Countries
  • Introduction
  • Objectives of Fiscal Rules
  • Comparing the Welfare Effects of Fiscal Rules in Smaller Economies
  • Summary of Findings
  • Notes
  • Figure O.4: Growth and Volatility of GDP per Capita and Private Consumption in LAC and the World, by Country Size, 2000-17
  • Figure O.5: Structural Features of Countries in LAC and the World, by Country Size
  • Figure O.6: Losses Due to Natural Disasters in LAC and the World, by Country Size
  • Figure O.7: A Basic Taxonomy of Fiscal Rules
  • Figure O.8: Number of Fiscal Rules, by Type of Rule, 1985-2015
  • Figure O.9: Number of National or Supranational Fiscal Rules in LAC, 1985-2019
  • Figure O.10: Use of Fiscal Rules, by Type of Rule, Region, and Country Size, 2015
  • Figure O.11: Compliance with Fiscal Rules, by Country Size and Region, 2000-15
  • Figure O.12: Compliance with Fiscal Rules in LAC and the World, by Type of Rule and Country Size, 2000-15
  • Figure O.13: Fiscal Rule Strength Index (FSRI), by Type of Rule and Compliance, 1985-2013
  • Figure O.14: Impact of Fiscal Rules on the Responsiveness of the Primary Balance to Changes in the Stock of Debt, by Type of Rule and Country Size
  • Figure O.15: Impact of Fiscal Rules on Public Debt Levels and Fiscal Balances, by Type of Rule and Country Characteristics

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