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Fiscal policy, stabilization, and growth: prudence or abstinence?

Author: Guillermo Perry; Luis Serven; Rodrigo Suescun
Publisher: Washington, D.C. : World Bank, ©2008.
Series: Latin American development forum.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
"Fiscal Policy, Stabilization, and Growth explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and assesses their possible solutions."--Jacket.
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Fiscal policy, stabilization, and growth.
Washington, D.C. : World Bank, ©2008
(DLC) 2007034287
(OCoLC)167499830
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Guillermo Perry; Luis Serven; Rodrigo Suescun
ISBN: 6611099859 9786611099855 1281099856 9781281099853
OCLC Number: 290490770
Description: 1 online resource (xx, 329 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Contents: Overview: fiscal policy, economic fluctuations and growth / Guillermo Perry, Luis Serven, Rodrigo Suescun and Timothy Irwin --
Procyclical fiscal policy and volatility --
Fiscal discipline, volatility and growth / Antonio Fatas and Ilian Mihov --
The size and effectiveness of fiscal automatic stabilizers in Latin America / Rodrigo Suescun --
Fiscal federalism and procyclical spending: the cases of Argentina and Brazil / Federico Sturzenegger and Rogerio Werneck --
Fiscal rules and procyclicality / Guillermo Perry --
Fiscal policy and growth --
Fiscal discipline, public investment and growth / Luis Serven --
Incentives for public investment under fiscal rules / Jack Mintz and Michael Smart --
Improving the SGP through a proper accounting of public investment / Oliver Blanchard and Francesco Giavazzi --
Accrual accounting, long-term fiscal projections, and public investment / Timothy Irwin --
Growth and fiscal effects of infrastructure investment in Brazil / Pedro Cavalcanti Ferreira and Carlos Hamilton Vasconcelos Araujo.
Series Title: Latin American development forum.
Responsibility: edited by Guillermo E. Perry, Luis Serven, and Rodrigo Suescun.

Abstract:

Fiscal policy in Latin America has been largely designed and implemented around short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence. This volume is  Read more...

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