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

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

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 stro...

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Bibliografiske detaljer
Hovedforfatter: Celasun, Oya
Andre forfattere: Grigoli, Francesco, Honjo, Keiko, Kapsoli, Javier
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2015.
Serier:Staff Discussion Notes; Staff Discussion Notes ; No. 2015/006
Online adgang:Full text available on IMF
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245 1 0 |a Fiscal Policy in Latin America :   |b Lessons and Legacies of the Global Financial Crisis /  |c Oya Celasun, Francesco Grigoli, Keiko Honjo, Javier Kapsoli. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2015. 
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490 1 |a Staff Discussion Notes 
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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 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? 
538 |a Mode of access: Internet 
700 1 |a Grigoli, Francesco. 
700 1 |a Honjo, Keiko. 
700 1 |a Kapsoli, Javier. 
830 0 |a Staff Discussion Notes; Staff Discussion Notes ;  |v No. 2015/006 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/006/2015/006/006.2015.issue-006-en.xml  |z IMF e-Library 

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