Riding the Roller Coaster: Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean
This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procyclical during the boom period 2003-08 but to significantly differing degrees within th...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 10/251 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procyclical during the boom period 2003-08 but to significantly differing degrees within the sample. Countries that pursued more conservative fiscal policies during the boom were then able to implement countercyclical fiscal policies during the downturn; moreover, they reduced or maintained their fiscal vulnerability to resource shocks, while their long-term fiscal sustainability positions improved or were broadly unchanged. However, these dimensions of fiscal policy did not seem to be linked to fiscal rules or resource funds, as countries with such institutions displayed a broad range of fiscal responses to the recent cycle |
| Beschreibung: | 1 Online-Ressource (45 p) |
| ISBN: | 1455209511 9781455209514 |
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| index_date | 2024-07-03T20:13:27Z |
| indexdate | 2024-07-10T09:35:36Z |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Lopez Murphy, Pablo Verfasser aut Riding the Roller Coaster Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean Lopez Murphy, Pablo Washington, D.C International Monetary Fund 2010 1 Online-Ressource (45 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/251 This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procyclical during the boom period 2003-08 but to significantly differing degrees within the sample. Countries that pursued more conservative fiscal policies during the boom were then able to implement countercyclical fiscal policies during the downturn; moreover, they reduced or maintained their fiscal vulnerability to resource shocks, while their long-term fiscal sustainability positions improved or were broadly unchanged. However, these dimensions of fiscal policy did not seem to be linked to fiscal rules or resource funds, as countries with such institutions displayed a broad range of fiscal responses to the recent cycle Online-Ausg Ossowski, Rolando Sonstige oth Villafuerte, Mauricio Sonstige oth http://elibrary.imf.org/view/IMF001/11400-9781455209514/11400-9781455209514/11400-9781455209514.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Lopez Murphy, Pablo Riding the Roller Coaster Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean |
| title | Riding the Roller Coaster Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean |
| title_auth | Riding the Roller Coaster Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean |
| title_exact_search | Riding the Roller Coaster Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean |
| title_exact_search_txtP | Riding the Roller Coaster Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean |
| title_full | Riding the Roller Coaster Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean Lopez Murphy, Pablo |
| title_fullStr | Riding the Roller Coaster Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean Lopez Murphy, Pablo |
| title_full_unstemmed | Riding the Roller Coaster Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean Lopez Murphy, Pablo |
| title_short | Riding the Roller Coaster |
| title_sort | riding the roller coaster fiscal policies of nonrenewable resource exporters in latin america and the caribbean |
| title_sub | Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean |
| url | http://elibrary.imf.org/view/IMF001/11400-9781455209514/11400-9781455209514/11400-9781455209514.xml |
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