Chapter 1 of the report discusses differences in the evolution of the size and composition of public spending between high-income and low- and middle-income nations. These differences are cause and effect of the public spending anomalies highlighted in this study. The semi procyclical behavior of public consumption in low- and middle-income markets during economic booms and its potential macroeconomic consequences are discussed in chapter 2. Chapter...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2024/08/08
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Публикации
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192950
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1
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2024/08/09
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Disclosed
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Public Spending Policies in Latin America and the Caribbean : When Cyclicality Meets Rigidities