Mauricio Villafuerte: 5 books

Book cover of Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries
by Tetsuya Konuki, Mauricio Villafuerte
Language: English
Release Date: August 24, 2016

Excessively procyclical fiscal policy can be harmful. This paper investigates to what extent the fiscal policies of sub-Saharan African countries were procyclical in recent years and the reasons for the degree of fiscal procyclicality among these countries. It finds that a tendency for procyclical fiscal...
Book cover of Chile: Institutions and Policies Underpinning Stability and Growth
by Eliot Mr. Kalter, Steven Mr. Phillips, Manmohan Mr. Singh
Language: English
Release Date: June 28, 2004

This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully sequenced...
Book cover of Strategies for Fiscal Consolidation in the Post-Crisis World
by Mauricio Mr. Villafuerte, Cemile Ms. Sancak, Jan Gottschalk
Language: English
Release Date: July 15, 2010

In response to the global financial crisis, governments provided substantial support to the financial and other key sectors. Although this cushioned the adverse effects of the crisis, it is necessary now to articulate a strategy to ensure the sustainability of public finances. This paper discusses...
Book cover of Fiscal Frameworks for Resource Rich Developing Countries (EPub)
by Marcos Poplawski-Ribeiro, Mauricio Mr. Villafuerte, Thomas Mr. Baunsgaard
Language: English
Release Date: May 16, 2012

This note will provide guidance from a practitioner’s or policymaker’s perspective on how to design fiscal frameworks in natural resource intensive countries. It will lay out principles that should help countries to meet development needs while dealing with the resource revenue volatility, uncertainty, and exhaustibility (intergenerational equity).
Book cover of Managing the Oil Revenue Boom: The Role of Fiscal Institutions
by Mauricio Mr. Villafuerte, Rolando Mr. Ossowski, Theo Thomas
Language: English
Release Date: April 30, 2008

Oil-producing countries have benefited from rising oil prices in recent years. The increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how governments manage their fiscal policies in light of changing oil-market conditions and the...
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