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150128 ||| eng |
020 |
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|a 9781451950786
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100 |
1 |
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|a Schwartz, Gerd
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245 |
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|a The Role of Fiscal Policy in Sustainable Stabilization
|b Evidence From Latin America
|c Gerd Schwartz, Teresa Ter-Minassian
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1997
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300 |
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|a 33 pages
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651 |
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4 |
|a Argentina
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653 |
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|a Inflation
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653 |
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|a Revenue administration
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653 |
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|a Public finance & taxation
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653 |
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|a Deflation
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653 |
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|a Fiscal Policy
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653 |
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|a Fiscal consolidation
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653 |
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|a Fiscal policy
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653 |
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|a National Government Expenditures and Related Policies: General
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653 |
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|a Expenditure
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653 |
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|a Price Level
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653 |
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|a Taxation, Subsidies, and Revenue: General
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653 |
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|a Expenditures, Public
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653 |
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|a Prices
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653 |
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|a Macroeconomics
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653 |
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|a Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
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653 |
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|a Public Finance
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653 |
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|a Revenue
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700 |
1 |
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|a Ter-Minassian, Teresa
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
0 |
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|a IMF Working Papers
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856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/1997/094/001.1997.issue-094-en.xml?cid=2268-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
0 |
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|a 330
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520 |
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|a This paper reviews the role of fiscal policy in a number of stabilization programs in Latin America since the early 1980s. The paper highlights the importance of sustainable fiscal adjustment in stabilization efforts, and discusses the main issues that arise in this context. By reviewing the Latin American experience, it is argued that responsibility for failed stabilization attempts can be traced to four main factors: inconsistent policy mixes; excessive reliance on temporary factors of improvement in the fiscal accounts; failure to implement fundamental fiscal reforms; and lack of complementary structural reforms
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