Fiscal Policy, Stabilization, and Growth : Prudence or Abstinence?

, by Serven, Luis; Perry, Guillermo E.; Suescun, Rodrigo

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ISBN: 9780821370841 | 0821370847
Cover: Paperback
Copyright: 11/1/2007

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This volume is concerned with the conduct of fiscal policy in Latin America, and its consequences for macroeconomic stability and long-term growth. It examines the extent of the procyclical and anti-investment biases embedded in the region's fiscal policies, their causes and macroeconomic consequences, and possible solutions.

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Overview: Fiscal Policy, Economic Fluctuations, and Growth	p. 1
Procyclical Fiscal Policy and Volatility
Fiscal Discipline, Volatility, and Growth	p. 43
The Size and Effectiveness of Automatic Fiscal Stabilizers in Latin America	p. 75
Fiscal Federalism and Procyclical Spending: The Cases of Argentina and Brazil	p. 121
Fiscal Rules and Procyclicality	p. 159
Fiscal Policy and Growth
Fiscal Discipline, Public Investment, and Growth	p. 195
Incentives for Public Investment under Fiscal Rules	p. 225
Improving the Stability and Growth Pact through Proper Accounting of Public Investment	p. 259
Accrual Accounting, Long-Term Fiscal Projections, and Public Investment	p. 273
Growth and Fiscal Effects of Infrastructure Investment in Brazil	p. 297
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Fiscal Policy, Stabilization, and Growth : Prudence or Abstinence?

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