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Latin Fiscal Space (Cetrangolo, Jimenez, Castillo)

Rigidities and fiscal space in Latin America: a comparative case study, by Oscar Cetrángolo, Juan Pablo Jiménez and Ramiro Ruiz del Castillo, for CEPAL. This paper attempts the difficult task of balancing the arguments for and against the various modalities that give rise to rigidity in fiscal-policy management and argues that the relevance of these rigidities cannot be examined without discussing the objectives and functions that produce them.

see: http://www.eclac.cl/publicaciones/xml/9/39779/S97MED-L3136i-P.pdf

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