This paper reviews the international experience of developed and underdeveloped economies in reducing the pro-cyclicality and deficit bias of fiscal policies and promoting the adoption of effective countercyclical fiscal policy actions. The paper draws lessons and best international practices for building fiscal policy frameworks and adopting feasible countercyclical fiscal policies in Latin America. The authors review the main arguments regarding...
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详细
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2010/02/01
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政策研究报告
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WPS5211
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1
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1
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2010/07/01
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Disclosed
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Building countercyclical fiscal policies in Latin America : the international experience
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fiscal policy