LEADER 03697nam 2200661 a 450 001 9910452077303321 005 20200520144314.0 010 $a1-281-09985-6 010 $a9786611099855 010 $a0-8213-7085-5 035 $a(CKB)1000000000480601 035 $a(EBL)459684 035 $a(OCoLC)290490770 035 $a(SSID)ssj0000086891 035 $a(PQKBManifestationID)11110432 035 $a(PQKBTitleCode)TC0000086891 035 $a(PQKBWorkID)10031064 035 $a(PQKB)11295013 035 $a(MiAaPQ)EBC459684 035 $a(Au-PeEL)EBL459684 035 $a(CaPaEBR)ebr10197133 035 $a(CaONFJC)MIL109985 035 $a(EXLCZ)991000000000480601 100 $a20070827d2008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aFiscal policy, stabilization, and growth$b[electronic resource] $eprudence or abstinence? /$fedited by Guillermo E. Perry, Luis Serven, and Rodrigo Suescun 210 $aWashington, D.C. $cWorld Bank$dc2008 215 $a1 online resource (354 p.) 225 1 $aLatin American development forum series 300 $aDescription based upon print version of record. 311 $a0-8213-7084-7 320 $aIncludes bibliographical references and index. 327 $aOverview: 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. 330 $aFiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As 410 0$aLatin American development forum. 606 $aFiscal policy$zLatin America 606 $aFinance, Public$zLatin America 606 $aEconomic stabilization$zLatin America 607 $aLatin America$xEconomic policy 608 $aElectronic books. 615 0$aFiscal policy 615 0$aFinance, Public 615 0$aEconomic stabilization 676 $a336.3098 701 $aPerry$b Guillermo$0464641 701 $aServen$b Luis$0375125 701 $aSuescun$b Rodrigo$0938094 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910452077303321 996 $aFiscal policy, stabilization, and growth$92113366 997 $aUNINA