Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? (Latin American Development Forum)
$35.00
Description
Book Synopsis: Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth. Fiscal Policy, Stabilization, and Growth explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and asesses their possible solutions.
Details
Are you tired of fiscal policies that prioritize short-term goals over long-term growth? Look no further than Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? This book provides a comprehensive analysis of fiscal policy in Latin America, shedding light on its impact on macroeconomic stability and long-term growth. Unlike other books that focus solely on debt levels and cash deficits, this book explores the neglected aspects of fiscal policy, such as the composition of public expenditures and the ability to stabilize cyclical fluctuations.
Latin American fiscal policies have often exacerbated cyclicality and hindered growth. But with Fiscal Policy, Stabilization, and Growth, we dive into the root causes and offer practical solutions. Discover the procyclical and anti-investment biases embedded in the region's fiscal policies and learn how they have dampened growth. Gain valuable insights into how fiscal policy can be restructured to foster stability and promote long-term economic prosperity.
Don't miss out on this unique opportunity to gain a deep understanding of fiscal policy in Latin America. Whether you're an economist, policymaker, or simply a curious individual, Fiscal Policy, Stabilization, and Growth is a must-read. Take a step towards shaping a more prosperous future. Order your copy now!
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