Fiscal Policy in Latin America: Lessons and Legacies of the Global Financial Crisis

Medientyp: E-Book

Titel: Fiscal Policy in Latin America : Lessons and Legacies of the Global Financial Crisis

Erschienen: Washington, D.C: International Monetary Fund, 2015
Online-Ausg.

Umfang: Online-Ressource (40 p)

Sprache: Spanisch

DOI: 10.5089/9781513567792.006

ISBN: 1513567799; 9781513567792

Identifikator:

Schlagwörter: Macroeconomics ; Public Finance ; Fiscal Policy ; Structure, Scope, and Performance of Government ; Fiscal Policies and Behavior of Economic Agents: General ; National Government Expenditures and Related Policies: General ; National Budget, Deficit, and Debt: General ; Debt ; Debt Management ; Sovereign Debt ; Public finance & taxation ; Fiscal policy ; Public debt ; Fiscal stance ; Expenditure ; Fiscal governance ; Debts, Public ; Expenditures, Public ; Brazil

Art der Reproduktion: Online-Ausg.

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Beschreibung: Latin America’s bold fiscal policy reaction to the global financial crisis was hailed as a sign that the region had finally overcome its procyclical fiscal past. However, most countries of the region have not yet rebuilt their fiscal space, despite buoyant commodity revenues and relatively strong growth in the aftermath of the crisis. Using the experience of Brazil, Chile, Colombia, Mexico, Peru, and Uruguay, this paper examines the lessons and legacies of the crisis by addressing the following questions, among others: How much did the 2009 fiscal stimulus help growth? What shortcomings were revealed in the fiscal policy frameworks? What institutional reforms are now needed to provide enduring anchors for fiscal policy? How much rebuilding of buffers is needed going forward? This SDN examines fiscal policy in Latin American and lessons to be learned from the global financial crisis in the region

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