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Gestión de la política fiscal en América Latina y el Caribe: volatilidad, propensión a los ciclos y solvencia limitada

Author

Listed:
  • Michael Gavin
  • Ricardo Hausmann
  • Roberto Perotti
  • Ernesto Talvi

Abstract

(Disponible en idioma inglés únicamente) América Latina es inestable de dos a tres veces más que las economías industrializadas. Es más inestable que cualquier región distinta de África y el Medio Oriente. El acceso de América Latina a los mercados financieros internacionales es esporádico y a menudo desaparece justo cuando podría ser más valioso.

Suggested Citation

  • Michael Gavin & Ricardo Hausmann & Roberto Perotti & Ernesto Talvi, 1996. "Gestión de la política fiscal en América Latina y el Caribe: volatilidad, propensión a los ciclos y solvencia limitada," Research Department Publications 4033, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4033
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    References listed on IDEAS

    as
    1. Gavin, Michael & Hausmann, Ricardo, 1996. "The Roots of Banking Crises: The Macroeconomic Context," IDB Publications (Working Papers) 6067, Inter-American Development Bank.
    2. Hausmann, Ricardo & Gavin, Michael, 1996. "Securing Stability and Growth in a Shock Prone Region: The Policy Challenge for Latin America," IDB Publications (Working Papers) 6191, Inter-American Development Bank.
    3. Alberto Alesina & Roberto Perotti, 1995. "Fiscal Expansions and Fiscal Adjustments in OECD Countries," NBER Working Papers 5214, National Bureau of Economic Research, Inc.
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    5. Barro, Robert J, 1979. "On the Determination of the Public Debt," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 940-971, October.
    6. Ernesto Talvi, 1996. "Exchange-Rate-Based Stabilization with Endogenous Fiscal Response," IDB Publications (Working Papers) 6861, Inter-American Development Bank.
    7. Giavazzi, Francesco & Pagano, Marco, 1989. "Confidence Crises and Public Debt Management," CEPR Discussion Papers 318, C.E.P.R. Discussion Papers.
    8. Barry Eichengreen & Ricardo Hausmann & Jürgen Von Hagen, 1999. "Reforming Budgetary Institutions in Latin America: The Case for a National Fiscal Council," Open Economies Review, Springer, vol. 10(4), pages 415-442, October.
    9. Gavin, Michael & Hausmann, Ricardo & Leiderman, Leonardo, 1995. "The Macroeconomics of Capital Flows to Latin America: Experience and Policy Issues," IDB Publications (Working Papers) 6188, Inter-American Development Bank.
    10. Michael Gavin & Ricardo Hausmann & Leonardo Leiderman, 1995. "The Macroeconomics of Capital Flows to Latin America: Experience and Policy Issues," IDB Publications (Working Papers) 5821, Inter-American Development Bank.
    11. Michael Gavin & Ricardo Hausmann, 1996. "The Roots of Banking Crises: The Macroeconomic Context," Research Department Publications 4026, Inter-American Development Bank, Research Department.
    12. Robert J. Barro, 1995. "Optimal Debt Management," NBER Working Papers 5327, National Bureau of Economic Research, Inc.
    13. Reinhart, Carmen & Calvo, Guillermo & Leiderman, Leonardo, 1994. "Capital Inflows to Latin America: The 1970s and 1990s," MPRA Paper 8196, University Library of Munich, Germany.
    14. Ricardo Hausmann & Michael Gavin, 1996. "Securing Stability and Growth in a Shock Prone Region: The Policy Challenge for Latin America," Research Department Publications 4020, Inter-American Development Bank, Research Department.
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    Cited by:

    1. Avellan, Leopoldo & Vuletin, Guillermo, 2015. "Fiscal procyclicality and output forecast errors," Journal of International Money and Finance, Elsevier, vol. 55(C), pages 193-204.
    2. Frankel, Jeffrey A. & Vegh, Carlos A. & Vuletin, Guillermo, 2013. "On graduation from fiscal procyclicality," Journal of Development Economics, Elsevier, vol. 100(1), pages 32-47.
    3. García-Cicco, Javier & Kawamura, Enrique, 2015. "Dealing with the Dutch disease: Fiscal rules and macro-prudential policies," Journal of International Money and Finance, Elsevier, vol. 55(C), pages 205-239.

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