Tax Systems for a Smooth Ride

Ana Corbacho, Vicente Fretes Cibils and Eduardo Lora
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Ana Corbacho: Columbia University
Vicente Fretes Cibils: North Carolina State University

Chapter 3 in More than Revenue, 2013, pp 49-64 from Palgrave Macmillan

Abstract: Abstract Like a wild rollercoaster, steep ups and downs describe the economic performance of the Latin American and Caribbean region.1 Econom ic booms have been followed by deep and long recessions, sometimes driven by poor domestic policies, other times precipitated by negative exogenous shocks, often times fueled by both. Notwithstanding considerable progress since the notorious lost decade of the 1980s, managing volatile economic cycles remains an important policy challenge for most countries in the region.

Keywords: Gross Domestic Product; Fiscal Policy; Indirect Taxis; Automatic Stabilizer; Output Volatility (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31597-7_3

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DOI: 10.1057/9781137315977_3

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