Fiscal Positions in Latin America Have They Really Improved?

Author/creator Zettelmeyer, Jeromin Author
Other author Hollar, Ivanna Vladkova Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description45 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation 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 relationship between non-commodity revenue and the economic cycle, and evaluating commodity revenues using alternative medium term commodity price projections. the main result is that structural revenues have indeed improved as a share of GDP, and structural primary balances are currently in surplus in many Latin American countries. However, the magnitude of these improvements is uncertain, in part due to uncertainty about the commodity price outlook.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451914498
ISBN1451914490 (E-Book) Active Record
Stock number00013468

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