Following the collapse of commodity prices in Latin America and the Caribbean (LAC) in 2014-15, many countries in the region were unable to cushion the impact of the shock in order to experience a more gradual adjustment, to a large extent because they had not built adequate fiscal buffers during the commodities’ windfall from 2010-14. Many LAC countries entered 2020 and the COVID-19 crisis in an even more difficult position, with rising debt and...
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INFORMACIÓN
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2020/01/01
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Publicación
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158167
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1
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1
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2021/04/15
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Disclosed
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Fiscal Rules and Economic Size in Latin America and the Caribbean
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small country
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