Fiscal Positions in Latin America : Have They Really Improved? /

Fiscal performance in Latin America looks much improved this decade compared to the 1980s or 1990s. Is this a "structural" improvement or likely to be transitory? This paper answers this question by estimating the relationship between non-commodity revenue and the economic cycle, and evalu...

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Detaylı Bibliyografya
Yazar: Zettelmeyer, Jeromin
Diğer Yazarlar: Hollar, Ivanna
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2008.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2008/137
Online Erişim:Full text available on IMF
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100 1 |a Zettelmeyer, Jeromin. 
245 1 0 |a Fiscal Positions in Latin America :   |b Have They Really Improved? /  |c Jeromin Zettelmeyer, Ivanna Hollar. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2008. 
300 |a 1 online resource (30 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Fiscal performance in Latin America looks much improved this decade compared to the 1980s or 1990s. Is this a "structural" improvement or likely to be transitory? This paper answers this question by estimating the relationship between non-commodity revenue and the economic cycle, and evaluating commodity revenues using alternative medium term commodity price projections. The main result is that structural revenues have indeed improved as a share of GDP, and structural primary balances are currently in surplus in many Latin American countries. However, the magnitude of these improvements is uncertain, in part due to uncertainty about the commodity price outlook. 
538 |a Mode of access: Internet 
700 1 |a Hollar, Ivanna. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/137 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2008/137/001.2008.issue-137-en.xml  |z IMF e-Library