BIS paper examines impact of fiscal rules in Latin America
Authors note countries with rules with "wider coverage" and "supporting procedures" can be more stable
Countries with fiscal rules that have a "wider coverage" and "supporting procedures" appear more stable than those without them, a working paper published by the Bank for International Settlements suggests.
In Fiscal policy and the cycle in Latin America: the role of financing conditions and fiscal rules, Enrique Alberola, Iván Kataryniuk, Ángel Melguizo and René Orozco analyse the fiscal policy stance and impact of financing conditions and fiscal rules of eight Latin American countries for the
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