Series: Staff Discussion Notes
Author(s): Oya Celasun , Francesco Grigoli , Keiko Honjo , Javier Kapsoli , Alexander Klemm , Bogdan Lissovolik , Jan Luksic , Marialuz Moreno Badia , Joana Pereira , Marcos Poplawski-Ribeiro , Baoping Shang , and Yulia Ustyugova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2015
Keywords: Fiscal policy, Latin America, fiscal institutions, debt, expenditure, financial crisis, Structure and Scope of Government, General, General, General,
Latin America's bold fiscal policy reaction to the global financial crisis was hailed as a sign that the region had finally overcome its procyclical fiscal past. However, most countries of the region have not yet r...