Stabilization, debt, and fiscal policy in the Caribbean
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Stabilization, debt, and fiscal policy in the Caribbean

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Published by International Monetary Fund, Western Hemisphere Dept. in Washington, D.C .
Written in English

Subjects:

  • Economic stabilization -- Caribbean Area.,
  • Debts, Public -- Caribbean Area.,
  • Fiscal policy -- Caribbean Area.

Book details:

Edition Notes

Statementprepared by Ratna Sahay.
SeriesIMF working paper -- WP/05/26
ContributionsInternational Monetary Fund. Western Hemisphere Dept.
The Physical Object
Pagination43 p. :
Number of Pages43
ID Numbers
Open LibraryOL19299553M

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Get this from a library! Stabilization, debt, and fiscal policy in the Caribbean. [Ratna Sahay; International Monetary Fund. Western Hemisphere Department,] -- Although Caribbean countries have been largely successful in bringing annual inflation down to single digits in recent years-regardless of their exchange rate regime-their growth rates have been. Caribbean economies face high and rising debt-to-GDP ratios that jeopardize prospects for medium-term debt sustainability and growth. This book provides a comprehensive analysis of the challenges of fiscal consolidation and debt reduction in the Caribbean. It examines the problem of high debt in the region and discusses policy options for improving debt sustainability, including fiscal.   Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle.2/5(1). Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle.

Fiscal policy — Caribbean Area. 3. Business cycles — Caribbean Area. 4. Stabilization, Debt, and Fiscal Policy in the Caribbean Ratna Sahay 3. Fiscal Policy: Is the Eastern Caribbean Currency Union book will form the basis for deepening our policy dialogue in the region. Fiscal Policy, Stabilization, and Growth explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and. Fiscal policy, stabilization, and growth: prudence or abstinence (English) Abstract. This volume covers the conduct of fiscal policy in Latin America, and its consequences for macroeconomic stability and long-term growth. The volume's chapters examine different aspects of these problems, ranging from the purely economic to the institutional Cited by:   The book brings a global perspective to the practice of fiscal policy by presenting case studies from the United States, the European Union, and the Caribbean. Topics discussed in the book Author: Wendell Samuel.

From Vulnerability to Sustained Growth Edited by Ratna Sahay, David O. Robinson, and Paul Cashin IMF This book sets out the economic challenges facing the island nations of the Caribbean and presents policy options to ameliorate external shocks and the large public debt burden, and help place the region on a sustained growth path. Get this from a library! Taming Volatility: Fiscal Policy and Financial Development for Growth in the Eastern Caribbean. [Francisco Galrao Carneiro; Rei Odawara] -- The report is structured in four chapters that outline the main sources of volatility in the region and suggest ways to mitigate the impacts of that volatility on growth. Chapter one presents. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. The International Monetary Fund (IMF), in partnership with the Government of Jamaica, is organizing a high-level conference on Thursday, Novem in Kingston, Jamaica. The conference is entitled “Unleashing Growth and Strengthening Resilience in the Caribbean” and will focus on the unique issues the Caribbean region is facing and the opportunities that can be found within to cope.