Fiscal Policy Stabilization and Growth is popular PDF and ePub book, written by Guillermo E. Perry in 2007-10-19, 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 Stabilization and Growth can be Read Online from any device for your convenience.
Fiscal Policy Stabilization and Growth Book PDF Summary
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth. '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 asesses their possible solutions.
Detail Book of Fiscal Policy Stabilization and Growth PDF
- Author : Guillermo E. Perry
- Release : 19 October 2007
- Publisher : World Bank Publications
- ISBN : 0821370855
- Genre : Business & Economics
- Total Page : 350 pages
- Language : English
- PDF File Size : 13,6 Mb
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