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dc.titlePreconditions for a Successful Introduction of Structural Fiscal Balance-based Rules in Latin America and the Caribbean: A Framework Paper
dc.contributor.authorTer-Minassian, Teresa
dc.contributor.orgunitFiscal and Municipal Management Division
dc.coverageThe Caribbean
dc.coverageSouth America
dc.coverageCentral America
dc.date.available2010-10-01T00:00:00
dc.date.issue2010-10-01T00:00:00
dc.description.abstractThis paper explores the design of sound fiscal rules and their effective implementation and enforcement in the light of the existing literature and of available empirical evidence. It focuses in particular on the potential advantages and requirements for the effective operation of fiscal rules based on structural budget balances (i.e. balances adjusted for the output cycle and other relevant exogenous influences, such as commodity price developments). It also discusses the potential use of structural budget balances as indicators of the fiscal policy stance, rather than as numerical policy targets.
dc.format.extent54
dc.identifier.doihttp://dx.doi.org/10.18235/0006940
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Preconditions-for-a-Successful-Introduction-of-Structural-Fiscal-Balance-based-Rules-in-Latin-America-and-the-Caribbean-A-Framework-Paper.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Sector
dc.subjectFiscal Policy
dc.subject.keywordsstructural fiscal balance-based rules, fiscal balance-based rules
dc.typeDiscussion Papers
idb.identifier.pubnumberDiscussion Papers
idb.operationRG-K1142
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