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Macroeconomic challenges of fiscal decentralization in Latin America in the aftermath of the global financial crisis

By:

Ter-Minassian, Teresa

Material type: Text

TextPublication details: UN ECLAC SantiagoCL 2011Description: 43 pAction note:

7/3/12 EVELYND

Summary: 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.

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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.

7/3/12 EVELYND

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