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dc.contributor.authorDaude, Christianen_US
dc.contributor.authorMelguizo, Ángelen_US
dc.contributor.authorNeut, Alejandroen_US
dc.date.accessioned2011-10-10en_US
dc.date.accessioned2011-10-28T14:01:31Z-
dc.date.available2011-10-28T14:01:31Z-
dc.date.issued2011en_US
dc.identifier.citationEconomics: The Open-Access, Open-Assessment E-Journal 5 2011-14 1-29en_US
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2011-14en_US
dc.identifier.urihttp://hdl.handle.net/10419/50736-
dc.description.abstractThis paper analyses fiscal policy for several economies in Latin America, from the early nineties to the 2009 crisis. We present original estimates of cyclically-adjusted public revenues for Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Peru and Uruguay implementing the standardised OECD methodology and extending it to include commodity cycles, which have a direct and significant effect on the fiscal balance of several Latin American countries. Based on these estimates, we evaluate the size of automatic tax stabilisers and the cyclicality of discretionary fiscal policy. Additionally, we highlight the uncertainty stemming from the estimation of the output gap, due to large and simultaneous cyclical, temporary and permanent shocks in several Latin American economies.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesEconomics 2011-14en_US
dc.subject.jelE62en_US
dc.subject.jelH30en_US
dc.subject.jelH60en_US
dc.subject.ddc330en_US
dc.subject.keywordfiscal policyen_US
dc.subject.keywordbusiness cycleen_US
dc.subject.keywordpublic financesen_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwKonjunkturen_US
dc.subject.stwEingebauter Stabilisatoren_US
dc.subject.stwLateinamerikaen_US
dc.titleFiscal policy in Latin America: Countercyclical and sustainable?en_US
dc.typeArticleen_US
dc.identifier.ppn669543632en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen_US
dc.identifier.repecRePEc:zbw:ifweej:201114-
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