108 gdp in commitments in public works raising public

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Unformatted text preview: ity.” European Economic Review 38: Gavin, M., R. Hausmann, R. Perotti, and E. Talvi (1996) “Managing fiscal policy in Latin America and the Caribbean: Volatility, pro‐cyclicality, and limited creditworthiness.” Inter‐American Development Bank, Office and the Chief Economist, Working Paper 326 Gavin, Michael and Roberto Perotti (1997). "Fiscal Policy in Latin America". NBER Macroeconomics Annual. Cambridge and London: MIT Press. pp. 11‐61. Ilzetzki, E. (2008) “Rent‐seeking distortions and fiscal pro‐cyclicality.” University of Maryland, manuscript, December Ilzetzki, E., and C.A. Végh (2008) Pro‐cyclical fiscal policy in developing countries: Truth or fiction? NBER Working Paper 14191, July Kaminsky, G.L., C.M. Reinhart, and C.A. Végh (2005) “When it rains, it pours: Pro‐cyclical capital flows and macroeconomic policies.” In: Gertler, M., and K. Rogoff, eds., NBER Macroeconomics Annual 2004. Cambridge, MA: The MIT Press Kraay, A and L. Servén (2008) “Fiscal Policy Responses to the Current Financial Crisis: Issues for Developing Countries,” Manuscript, World Bank, Washington, DC. Lane, P.R., 2003. “Business cycles and macroeconomic policy in emerging market economies.” International Finance 6: 89‐108 Perotti, R., 2007. “Fiscal policy in developing countries: A framework and some questions.” The World Bank Policy Research Working Paper 4365, September 102 Perry, G. (2007): “Fiscal Rules and Pro‐Cyclicality”, in Guillermo Perry, Luis Servén and Rodrigo Suescún (eds.), Fiscal Policy Stabilization and Growth: Prudence or Abstinence? Washington D.C.: The World Bank. Perry, G., L. Servén, R. Suescún and T. Irwin (2007): “Overview: Fiscal Policy, Economic Fluctuations and Growth”, in Guillermo Perry, Luis Servén and Rodrigo Suescún (eds.), Fiscal Policy Stabilization and Growth: Prudence or Abstinence? Washington D.C.: The World Bank. Servén, L. (2007): “Fiscal Discipline, Public Investment and Growth”, in Guillermo Perry, Luis Servén and Rodrigo Suescún (eds.), Fiscal Policy Stabilization and Growth: Prudence or Abstinence? Washington D.C.: The World Bank. Spilimbergo, A., S. Kaminsky, O. Blanchard, and C. Cotarelli (2008): “Fiscal Policy for the Crisis”, IMF Staff Position Note, SPN/08/01, International Monetary Fund, Washington DC. Suescún, R. (2005): “Pro‐Cyclical Fiscal Policy in Latin America: Where do we Stand?” World Bank LAC Regional Study, World Bank, Washington, DC. Suescún, R. (2007): “The Size and Effectiveness of Automatic Fiscal Stabilizers in Latin America”, in Guillermo Perry, Luis Servén and Rodrigo Suescún (eds.), Fiscal Policy Stabilization and Growth: Prudence or Abstinence? Washington D.C.: The World Bank. Talvi, E. and C.A. Végh (2005) “Tax base variability and pro‐cyclical fiscal policy in developing countries.” Journal of Development Economics 78, 156‐190 Tornell, A., and P.R. Lane (1999) “The voracity effect.” American Economic Rev...
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