Chapter 1 of the report discusses differences in the evolution of the size and composition of public spending between high-income and low- and middle-income nations. These differences are cause and effect of the public spending anomalies highlighted in this study. The semi procyclical behavior of public consumption in low- and middle-income markets during economic booms and its potential macroeconomic consequences are discussed in chapter 2. Chapter...
更多显示
详细
-
2024/08/08
-
出版
-
192950
-
1
-
2024/08/09
-
Disclosed
-
Public Spending Policies in Latin America and the Caribbean : When Cyclicality Meets Rigidities