Macroeconomic challenges of fiscal decentralization in Latin America in the aftermath of the global financial crisis
Ter-Minassian, Teresa
Macroeconomic challenges of fiscal decentralization in Latin America in the aftermath of the global financial crisis - SantiagoCL UN ECLAC 2011 - 43 p.
Discusses how fiscal decentralisation is affecting macro-economic management in the main Latin American countries; and which reforms in the existing inter-governmental fiscal systems of those countries could help strengthen their fiscal sustainability, minimise the risk of pro-cyclicality at all levels of government and create "fiscal space" for active counter cyclical responses to economic shocks.
11.01.02 t315
Macroeconomic challenges of fiscal decentralization in Latin America in the aftermath of the global financial crisis - SantiagoCL UN ECLAC 2011 - 43 p.
Discusses how fiscal decentralisation is affecting macro-economic management in the main Latin American countries; and which reforms in the existing inter-governmental fiscal systems of those countries could help strengthen their fiscal sustainability, minimise the risk of pro-cyclicality at all levels of government and create "fiscal space" for active counter cyclical responses to economic shocks.
11.01.02 t315