Abstract: This paper discusses how fiscal decentralization is affecting macro-economic management in the main Latin-American countries. Which fiscal reforms could help strengthen fiscal sustainability, minimize the risk of pro-cyclicality at all levels of government, and allow for countercyclical responses?
Author(s): Ter-Minassian, Teresa; Jiménez, Juan Pablo
Source(s): , Serie macroeconomía del desarrollo; 112 42 p., ill., graphs, tabs Serie macroeconomía del desarrollo 112
Published: 2011 [United nations (UN). Economic commission for Latin America and the Caribbean] (ECLAC). Economic development division [etc.], Santiago [etc.] (English