Riding the Roller Coaster : Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean »
Series: IMF Working Papers
Author(s): Pablo Lopez Murphy , Mauricio Villafuerte , and Rolando Ossowski
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2010
Keywords: expenditure, fiscal policies, fiscal sustainability, Structure, Scope, and Performance of Government, National Government Expenditures and Related Policies: General, National Budget, Deficit, and Debt: General
This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procy...