Riding the roller coaster: fiscal policies of nonrenewable resource exporters in Latin America and the Caribbean

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dc.contributor.authorVillafuerte, Mauricio
dc.contributor.authorLópez-Murphy, Pablo
dc.contributor.authorOssowski, Rolando
dc.coverage.spatialAMÉRICA LATINAes_ES
dc.coverage.spatialCARIBE (REGIÓN)es_ES
dc.date.accessioned2019-11-01T00:05:52Z
dc.date.available2019-11-01T00:05:52Z
dc.date.issued2013
dc.descriptionIn the last decade the prices of nonrenewable resources which constitute a critical source of fiscal revenue in many Latin American and Caribbean countries recorded sharp swings correlated with economic growth developments in the world and in the region. Similar episodes in the past led to boom and bust cycles but there is a perception that lessons were learned this time around. This paper analyzes the fiscal policies of nonrenewable-resource-exporting countries (NRECs) in Latin America and the Caribbean during the economic and resource price cycle of the last decade. The analysis focuses on two periods: the boom years (2003–08) and the more recent period characterized by the global financial crisis and the receding of resource prices.
dc.file.nameBCCh-sbc-v17-p117_173
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 117-173
dc.identifier.isbn978-956-7421-37-4
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3891
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 17
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA FISCALes_ES
dc.subjectEXPORTACIONESes_ES
dc.subjectRECURSOS NATURALES NO RENOVABLESes_ES
dc.titleRiding the roller coaster: fiscal policies of nonrenewable resource exporters in Latin America and the Caribbean
dc.type.docArtículo

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