Fiscal policy and the cycle in Latin America: The role of financing conditions and fiscal rules
A stronger macroeconomic position when the financial crisis erupted allowed Latin American economies to mitigate its impact through fiscal expansions, reversing the characteristic procyclical behaviour of fiscal policy. At the same time, in the last two decades fiscal rules have been extensively ado...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2017
|
| Schriftenreihe: | OECD Development Centre Working Papers
no.336 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | A stronger macroeconomic position when the financial crisis erupted allowed Latin American economies to mitigate its impact through fiscal expansions, reversing the characteristic procyclical behaviour of fiscal policy. At the same time, in the last two decades fiscal rules have been extensively adopted in the region. This paper analyses the stabilising role of discretionary fiscal policy over time, and the role of fiscal financing conditions and fiscal rules in this evolution in a sample of eight Latin American economies. The analysis shows three main results: i) fiscal policies became countercyclical during the crisis, but they have turned procyclical again in recent years; ii) financing conditions are confirmed to be a key driver of the fiscal stance, but their relevance has recently diminished; and iii) fiscal rules are associated with a more stabilising role for fiscal policy. |
| Beschreibung: | 1 Online-Ressource (45 p.) |
| DOI: | 10.1787/3c20eec1-en |
Internformat
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061308439 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121146.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2017 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/3c20eec1-en |2 doi | |
| 035 | |a (DE-627-1)061308439 | ||
| 035 | |a (DE-599)KEP061308439 | ||
| 035 | |a (FR-PaOEC)3c20eec1-en | ||
| 035 | |a (EBP)061308439 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a G12 |2 jelc | ||
| 084 | |a H3 |2 jelc | ||
| 100 | 1 | |a Alberola, Enrique |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Fiscal policy and the cycle in Latin America |b The role of financing conditions and fiscal rules |c Enrique, Alberola ... [et al] |
| 264 | 1 | |a Paris |b OECD Publishing |c 2017 | |
| 300 | |a 1 Online-Ressource (45 p.) | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Development Centre Working Papers |v no.336 | |
| 520 | |a A stronger macroeconomic position when the financial crisis erupted allowed Latin American economies to mitigate its impact through fiscal expansions, reversing the characteristic procyclical behaviour of fiscal policy. At the same time, in the last two decades fiscal rules have been extensively adopted in the region. This paper analyses the stabilising role of discretionary fiscal policy over time, and the role of fiscal financing conditions and fiscal rules in this evolution in a sample of eight Latin American economies. The analysis shows three main results: i) fiscal policies became countercyclical during the crisis, but they have turned procyclical again in recent years; ii) financing conditions are confirmed to be a key driver of the fiscal stance, but their relevance has recently diminished; and iii) fiscal rules are associated with a more stabilising role for fiscal policy. | ||
| 650 | 4 | |a Development | |
| 700 | 1 | |a Kataryniuk, Iván |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Melguizo, Ángel |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Orozco, René. |e MitwirkendeR |4 ctb | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/3c20eec1-en |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a BO | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061308439 |
|---|---|
| _version_ | 1804748649714941952 |
| adam_text | |
| any_adam_object | |
| author | Alberola, Enrique |
| author2 | Kataryniuk, Iván Melguizo, Ángel Orozco, René |
| author2_role | ctb ctb ctb |
| author2_variant | i k ik a m am r o ro |
| author_facet | Alberola, Enrique Kataryniuk, Iván Melguizo, Ángel Orozco, René |
| author_role | aut |
| author_sort | Alberola, Enrique |
| author_variant | e a ea |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC |
| ctrlnum | (DE-627-1)061308439 (DE-599)KEP061308439 (FR-PaOEC)3c20eec1-en (EBP)061308439 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/3c20eec1-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02172cam a22003972 4500</leader><controlfield tag="001">ZDB-13-SOC-061308439</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121146.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2017 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/3c20eec1-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061308439</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061308439</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)3c20eec1-en</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061308439</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">G12</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">H3</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Alberola, Enrique</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Fiscal policy and the cycle in Latin America</subfield><subfield code="b">The role of financing conditions and fiscal rules</subfield><subfield code="c">Enrique, Alberola ... [et al]</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2017</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (45 p.)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Development Centre Working Papers</subfield><subfield code="v">no.336</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">A stronger macroeconomic position when the financial crisis erupted allowed Latin American economies to mitigate its impact through fiscal expansions, reversing the characteristic procyclical behaviour of fiscal policy. At the same time, in the last two decades fiscal rules have been extensively adopted in the region. This paper analyses the stabilising role of discretionary fiscal policy over time, and the role of fiscal financing conditions and fiscal rules in this evolution in a sample of eight Latin American economies. The analysis shows three main results: i) fiscal policies became countercyclical during the crisis, but they have turned procyclical again in recent years; ii) financing conditions are confirmed to be a key driver of the fiscal stance, but their relevance has recently diminished; and iii) fiscal rules are associated with a more stabilising role for fiscal policy.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Development</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Kataryniuk, Iván</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Melguizo, Ángel</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Orozco, René.</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/3c20eec1-en</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061308439 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-16T15:07:14Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (45 p.) |
| psigel | ZDB-13-SOC |
| publishDate | 2017 |
| publishDateSearch | 2017 |
| publishDateSort | 2017 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Development Centre Working Papers |
| spelling | Alberola, Enrique VerfasserIn aut Fiscal policy and the cycle in Latin America The role of financing conditions and fiscal rules Enrique, Alberola ... [et al] Paris OECD Publishing 2017 1 Online-Ressource (45 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Development Centre Working Papers no.336 A stronger macroeconomic position when the financial crisis erupted allowed Latin American economies to mitigate its impact through fiscal expansions, reversing the characteristic procyclical behaviour of fiscal policy. At the same time, in the last two decades fiscal rules have been extensively adopted in the region. This paper analyses the stabilising role of discretionary fiscal policy over time, and the role of fiscal financing conditions and fiscal rules in this evolution in a sample of eight Latin American economies. The analysis shows three main results: i) fiscal policies became countercyclical during the crisis, but they have turned procyclical again in recent years; ii) financing conditions are confirmed to be a key driver of the fiscal stance, but their relevance has recently diminished; and iii) fiscal rules are associated with a more stabilising role for fiscal policy. Development Kataryniuk, Iván MitwirkendeR ctb Melguizo, Ángel MitwirkendeR ctb Orozco, René. MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/3c20eec1-en Volltext |
| spellingShingle | Alberola, Enrique Fiscal policy and the cycle in Latin America The role of financing conditions and fiscal rules Development |
| title | Fiscal policy and the cycle in Latin America The role of financing conditions and fiscal rules |
| title_auth | Fiscal policy and the cycle in Latin America The role of financing conditions and fiscal rules |
| title_exact_search | Fiscal policy and the cycle in Latin America The role of financing conditions and fiscal rules |
| title_full | Fiscal policy and the cycle in Latin America The role of financing conditions and fiscal rules Enrique, Alberola ... [et al] |
| title_fullStr | Fiscal policy and the cycle in Latin America The role of financing conditions and fiscal rules Enrique, Alberola ... [et al] |
| title_full_unstemmed | Fiscal policy and the cycle in Latin America The role of financing conditions and fiscal rules Enrique, Alberola ... [et al] |
| title_short | Fiscal policy and the cycle in Latin America |
| title_sort | fiscal policy and the cycle in latin america the role of financing conditions and fiscal rules |
| title_sub | The role of financing conditions and fiscal rules |
| topic | Development |
| topic_facet | Development |
| url | https://doi.org/10.1787/3c20eec1-en |
| work_keys_str_mv | AT alberolaenrique fiscalpolicyandthecycleinlatinamericatheroleoffinancingconditionsandfiscalrules AT kataryniukivan fiscalpolicyandthecycleinlatinamericatheroleoffinancingconditionsandfiscalrules AT melguizoangel fiscalpolicyandthecycleinlatinamericatheroleoffinancingconditionsandfiscalrules AT orozcorene fiscalpolicyandthecycleinlatinamericatheroleoffinancingconditionsandfiscalrules |