Fiscal Cycles in the Caribbean:
The sharp increase in debt in the Caribbean since the mid-1990s has focused attention on the conduct of fiscal policy in the region. This paper aims to diagnose how fiscal policy has behaved during this period by looking at three main cycles of the economy: the business, election, and natural disast...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2009
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 09/158 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The sharp increase in debt in the Caribbean since the mid-1990s has focused attention on the conduct of fiscal policy in the region. This paper aims to diagnose how fiscal policy has behaved during this period by looking at three main cycles of the economy: the business, election, and natural disaster cycles. Our main findings suggest that fiscal policy has been mostly procyclical in the region, while disasters have been heavily ""insured"" by foreign transfers. The ""when it rains, it pours"" phenomena suggested by Kaminsky, Reinhart and Vegh (2004) seems to take place in the Caribbean |
| Beschreibung: | 1 Online-Ressource (27 p) |
| ISBN: | 1451873050 9781451873054 |
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| index_date | 2024-07-03T20:13:28Z |
| indexdate | 2024-07-10T09:35:37Z |
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| spelling | Araujo, Juliana Dutra Verfasser aut Fiscal Cycles in the Caribbean Araujo, Juliana Dutra Washington, D.C International Monetary Fund 2009 1 Online-Ressource (27 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/158 The sharp increase in debt in the Caribbean since the mid-1990s has focused attention on the conduct of fiscal policy in the region. This paper aims to diagnose how fiscal policy has behaved during this period by looking at three main cycles of the economy: the business, election, and natural disaster cycles. Our main findings suggest that fiscal policy has been mostly procyclical in the region, while disasters have been heavily ""insured"" by foreign transfers. The ""when it rains, it pours"" phenomena suggested by Kaminsky, Reinhart and Vegh (2004) seems to take place in the Caribbean Online-Ausg http://elibrary.imf.org/view/IMF001/10311-9781451873054/10311-9781451873054/10311-9781451873054.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Araujo, Juliana Dutra Fiscal Cycles in the Caribbean |
| title | Fiscal Cycles in the Caribbean |
| title_auth | Fiscal Cycles in the Caribbean |
| title_exact_search | Fiscal Cycles in the Caribbean |
| title_exact_search_txtP | Fiscal Cycles in the Caribbean |
| title_full | Fiscal Cycles in the Caribbean Araujo, Juliana Dutra |
| title_fullStr | Fiscal Cycles in the Caribbean Araujo, Juliana Dutra |
| title_full_unstemmed | Fiscal Cycles in the Caribbean Araujo, Juliana Dutra |
| title_short | Fiscal Cycles in the Caribbean |
| title_sort | fiscal cycles in the caribbean |
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