Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence?

Perry et al. (economics and macroeconomics and growth, Latin American and the Caribbean Region and Development Economics, World Bank) assemble nine essays that consider how fiscal policy in Latin America is conducted and how it influences the macroeconomic stability and long-term growth in the region. The book is the result of research conducted under the auspice of the Regional Studies Program of the World Bank's Latin America and the Caribbean Region, which aimed to offer analysts and policy makers an analytical basis for the understanding and formulation of policies through a collaborative effort. Contributors are researchers and economists from Brazil, Europe, and North America, with some associated with the World Bank. The essays were produced under two studies on fiscal space and procyclical fiscal policy. They focus on the procyclical and anti-investment biases embedded in the region's fiscal policies and their causes, consequences for macroeconomic performance and growth, and possible remedies, examining factors from economic to institutional and political economy dimensions. Annotation c2008 Book News, Inc., Portland, OR (booknews.com)