Fiscal Policy in Latin America over the Cycle is popular PDF and ePub book, written by Mr.Alexander Klemm in 2014-04-16, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Fiscal Policy in Latin America over the Cycle can be Read Online from any device for your convenience.
Fiscal Policy in Latin America over the Cycle Book PDF Summary
This paper provides an analysis of the cyclical stance of fiscal policy in Latin America. Its contributions include developing a new measure of the cyclicality of fiscal policy, careful analysis of the statistical significance of results, and accounting for the effect of commodity prices on fiscal balances. The new cyclicality measure takes into account both discretionary policy action and automatic stabilizers, but excludes additional revenues that are due to applying an unchanged average tax rate to nominal GDP in excess of potential. The paper finds that fiscal policy has been procyclical on average in Latin America, but counter or acyclical in advanced economies. Country-specific results are mostly insignificant, except in a few cases where policy is clearly procyclical. For some countries (Brazil, Chile, Colombia, El Salvador, and Mexico), there is evidence of a recent move toward more countercyclical policies.
Detail Book of Fiscal Policy in Latin America over the Cycle PDF
- Author : Mr.Alexander Klemm
- Release : 16 April 2014
- Publisher : International Monetary Fund
- ISBN : 9781475516470
- Genre : Business & Economics
- Total Page : 32 pages
- Language : English
- PDF File Size : 14,8 Mb
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