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

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

ISBN/ISSN: /1680-8843

Link: http://www.eclac.cl/de/publicaciones/xml/7/43627/MD_112_Ter-Minassian.pdf

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