Public Spending Policies in Latin America and the Caribbean: When Cyclicality Meets Rigidities
Public Spending Policies in Latin America and the Caribbean: When Cyclicality Meets Rigidities
This report highlights structural differences in public spending policies between emerging markets and industrialized nations. Emerging markets commit to long-term (rigid) spending based on short-term (cyclical) economic conditions, causing challenges in addressing fiscal imbalances and prompting changes in public spending composition.
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This report highlights structural differences in public spending policies between emerging markets and industrialized nations. Emerging markets commit to long-term (rigid) spending based on short-term (cyclical) economic conditions, causing challenges in addressing fiscal imbalances and prompting changes in public spending composition.
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