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Fiscal Rules and Economic Size in Latin America and the Caribbean
by Fernando Blanco, Frederieke Koehler, Pablo Saavedra, and Emilia Skrok
ISBN 9781464813825
Code: #211382

Publication year: 2019

Cdn: $55.00; US: $39.95
Language: English
144 pages
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Due in June 2019.

This book provides analytical contributions to the design of fiscal rules in small economies in the Latin America and the Caribbean region. These economies usually face high levels of output volatility, large terms-of-trade shocks, and exposure to natural disasters.

The relationship between fiscal rules and economic size has not been systematically assessed in the literature. Determining which fiscal rules are most appropriate for smaller economies can contribute toward improving their design and effectiveness.

The book reviews the performance of fiscal rules worldwide and provides information on which rule types are most common, which have the best record for compliance, and which features tend to improve their performance. It provides practical policy directions drawn from international experience to assist policy makers of smaller economies in designing and implementing more effective fiscal rules.
Fiscal Rules and Economic Size in Latin America and the Caribbean
Cdn: $55.00; US: $39.95
World Bank BookID: 124103 Added: 2018.12.23