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Fiscal Policy for Stable and Equitable Growth in Latin America*

Fiscal Policy for Stable and Equitable Growth in Latin America* »

Source: Fiscal Policy for Stable and Equitable Growth in Latin America

Volume/Issue: 1989/93

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 November 1989

ISBN: 9781451951066

Keywords: fiscal policy, expenditure, social expenditure, public spending, taxation

The resumption of economic growth in Latin America is predicated on the successful restoration of fiscal discipline and stabilization. In restoring fiscal discipline, the mix of policy instruments should aim at max...

Fiscal Policy in Latin America over the Cycle

Fiscal Policy in Latin America over the Cycle »

Source: Fiscal Policy in Latin America over the Cycle

Volume/Issue: 2014/59

Series: IMF Working Papers

Author(s): Alexander Klemm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2014

ISBN: 9781475516470

Keywords: business cycle, Latin America, fiscal balance, tax rates, government spending, fiscal balances, General, Deficit, Latin America.,

This paper provides an analysis of the cyclical stance of fiscal policy in Latin America. Its contributions include developing a new measure of the cyclicality of fiscal policy, careful analysis of the statistical...

Fiscal Positions in Latin America

Fiscal Positions in Latin America »

Source: Fiscal Positions in Latin America : Have They Really Improved?

Volume/Issue: 2008/137

Series: IMF Working Papers

Author(s): Jeronimo Zettelmeyer , and Ivanna Hollar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2008

ISBN: 9781451869965

Keywords: tax structure, tax system, tax revenue, tax administration

Fiscal performance in Latin America looks much improved this decade compared to the 1980s or 1990s. Is this a "structural" improvement or likely to be transitory? This paper answers this question by estimating the...

Fixed or Floating Exchange Regimes

Fixed or Floating Exchange Regimes »

Source: Fixed or Floating Exchange Regimes : Does it Matter for Inflation?

Volume/Issue: 1994/134

Series: IMF Working Papers

Author(s): Peter Quirk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1994

ISBN: 9781451855531

Keywords: exchange rate, exchange rates, foreign exchange, monetary policy

This paper reviews recent experience with the choice of floating or fixed (“anchor”) exchange regimes in industrial and developing countries. It concludes that desirable differences between the two se...

Four Decades of Fund Arrangements

Four Decades of Fund Arrangements »

Source: Four Decades of Fund Arrangements : Macroeconomic Stylized Facts Before the Adjustment Programs

Volume/Issue: 1995/74

Series: IMF Working Papers

Author(s): Julio Santaella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1995

ISBN: 9781451849530

Keywords: balance of payments, external debt, export markets, current account, debt crisis

This paper analyzes the initial conditions before Fund financial arrangements are adopted. Evidence from 324 Fund arrangements in 78 developing countries during 1973-91 indicates that there are important difference...

Government Expenditure and Economic Growth

Government Expenditure and Economic Growth »

Source: Government Expenditure and Economic Growth : An Empirical Investigation

Volume/Issue: 1989/45

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1989

ISBN: 9781451974157

Keywords: expenditure, economic growth, growth rate, expenditures, capital expenditure

This paper examines the empirical evidence on the contribution that government and, in particular, capital expenditure make to the growth performance of a sample of developing countries. Using the Denison growth ac...

Growth and Structural Reforms

Growth and Structural Reforms »

Source: Growth and Structural Reforms : A New Assessment

Volume/Issue: 2009/284

Series: IMF Working Papers

Author(s): Lone Engbo Christiansen , Thierry Tressel , and Martin Schindler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

ISBN: 9781451874297

Keywords: Liberalization, Domestic Finance, Trade: Capital Account, tfp, real gdp, trade reforms, gdp per capita,

This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial...

How Big (Small?) are Fiscal Multipliers?

How Big (Small?) are Fiscal Multipliers? »

Source: How Big (Small?) are Fiscal Multipliers?

Volume/Issue: 2011/52

Series: IMF Working Papers

Author(s): Ethan Ilzetzki , Enrique Mendoza , and Carlos Végh Gramont

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

ISBN: 9781455218028

Keywords: exchange rate, exchange rates, fiscal multipliers, government expenditure

We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of developme...

How Do Countries Choose their Exchange Rate Regime?

How Do Countries Choose their Exchange Rate Regime? »

Source: How Do Countries Choose their Exchange Rate Regime?

Volume/Issue: 2001/46

Series: IMF Working Papers

Author(s): Helene Poirson Ward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

ISBN: 9781451846553

Keywords: optimal currency areas, exchange rate, exchange rate regime, exchange rate risk, exchange rate flexibility, International Monetary Arrangements and Institutions, International Policy Coordination and Transmission, Economic Development: General,

This paper investigates the determinants of exchange rate regime choice in 93 countries during 1990-98. Cross-country analysis of variations in international reserves and nominal exchange rates shows that (i) truly...

A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies

A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies »

Source: A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies

Volume/Issue: 2014/19

Series: IMF Working Papers

Author(s): Francesco Grigoli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2014

ISBN: 9781484398241

Keywords: Education expenditure, efficiency, hybrid, developing economies, emerging economies, education spending, expenditure, educational outcomes, Health Production: Nutrition, Mortality

The measurement of the efficiency of public education expenditure using parametric and non-parametric methods has proven challenging. This paper seeks to overcome the difficulties of earlier studies by using a hybr...