Series: IMF Working Papers
Author(s): Antonio David , and Natalija Novta
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 November 2016
Keywords: Fiscal policy, Fiscal responsibility law, Fiscal rules, Paraguay, Fiscal Rules; Fiscal Governance; Paraguay, Fiscal Governance
Paraguay faces a trade-off between building fiscal credibility and amending the existing fiscal rule to accommodate infrastructure investment and provide space for countercyclical policies. In this paper, we discus...