Fiscal policy, stabilization, and growth: prudence or abstinence?

by Perry, Guillermo Serven, Luis Suescun, Rodrigo

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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 sta…

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Title Statements

Full title :Fiscal policy, stabilization, and growth : prudence or abstinence? / edited by Guillermo E. Perry, Luis Serven, and Rodrigo Suescun.

Summary

Edition Statements

Publication Date:c2008.

Publication Statements

Publisher(s):World Bank
Place of Publication:Washington, D.C
Language:eng
Publication Date:c2008.

The Physical Object

Description:1 online resource (xx, 329 p. :) : ill.

Edition Identifiers

ISBN:9780821370841, 0821370847, 9780821370858, 0821370855
oclc:on1228603404
LC Classification:HJ799.53
Dewey Decimal:336.3098

Overview: fiscal policy, economic fluctuations and growth / Guillermo Perry, Luis Serven, Rodrigo Suescun and Timothy Irwin -- Procyclical fiscal policy and volatility -- Fiscal discipline, volatility and growth / Antonio Fatas and Ilian Mihov -- The size and effectiveness of fiscal automatic stabilizers in Latin America / Rodrigo Suescun -- Fiscal federalism and procyclical spending: the cases of Argentina and Brazil / Federico Sturzenegger and Rogerio Werneck -- Fiscal rules and procyclicality / Guillermo Perry -- Fiscal policy and growth -- Fiscal discipline, public investment and growth / Luis Serven -- Incentives for public investment under fiscal rules / Jack Mintz and Michael Smart -- Improving the SGP through a proper accounting of public investment / Oliver Blanchard and Francesco Giavazzi -- Accrual accounting, long-term fiscal projections, and public investment / Timothy Irwin -- Growth and fiscal effects of infrastructure investment in Brazil / Pedro Cavalcanti Ferreira and Carlos Hamilton Vasconcelos Araujo.

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