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

In 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...

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Autores principales:	Villafuerte, Mauricio, López-Murphy, Pablo, Ossowski, Rolando
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	POLÍTICA FISCAL EXPORTACIONES RECURSOS NATURALES NO RENOVABLES
Acceso en línea:	https://hdl.handle.net/20.500.12580/3891
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spelling	oai-20.500.12580-38912021-04-24T11:16:49Z Riding the roller coaster: fiscal policies of nonrenewable resource exporters in Latin America and the Caribbean Villafuerte, Mauricio López-Murphy, Pablo Ossowski, Rolando POLÍTICA FISCAL EXPORTACIONES RECURSOS NATURALES NO RENOVABLES In 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. 2019-11-01T00:05:52Z 2019-11-01T00:05:52Z 2013 Artículo 978-956-7421-37-4 https://hdl.handle.net/20.500.12580/3891 eng Series on Central Banking Analysis and Economic Policies no. 17 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 117-173 application/pdf AMÉRICA LATINA CARIBE (REGIÓN) Banco Central de Chile
institution	Banco Mundial
collection	Banco Mundial
language	eng
topic	POLÍTICA FISCAL EXPORTACIONES RECURSOS NATURALES NO RENOVABLES
spellingShingle	POLÍTICA FISCAL EXPORTACIONES RECURSOS NATURALES NO RENOVABLES Villafuerte, Mauricio López-Murphy, Pablo Ossowski, Rolando Riding the roller coaster: fiscal policies of nonrenewable resource exporters in Latin America and the Caribbean
description	In 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.
format	Artículo
author	Villafuerte, Mauricio López-Murphy, Pablo Ossowski, Rolando
author_facet	Villafuerte, Mauricio López-Murphy, Pablo Ossowski, Rolando
author_sort	Villafuerte, Mauricio
title	Riding the roller coaster: fiscal policies of nonrenewable resource exporters in Latin America and the Caribbean
title_short	Riding the roller coaster: fiscal policies of nonrenewable resource exporters in Latin America and the Caribbean
title_full	Riding the roller coaster: fiscal policies of nonrenewable resource exporters in Latin America and the Caribbean
title_fullStr	Riding the roller coaster: fiscal policies of nonrenewable resource exporters in Latin America and the Caribbean
title_full_unstemmed	Riding the roller coaster: fiscal policies of nonrenewable resource exporters in Latin America and the Caribbean
title_sort	riding the roller coaster: fiscal policies of nonrenewable resource exporters in latin america and the caribbean
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3891
work_keys_str_mv	AT villafuertemauricio ridingtherollercoasterfiscalpoliciesofnonrenewableresourceexportersinlatinamericaandthecaribbean AT lopezmurphypablo ridingtherollercoasterfiscalpoliciesofnonrenewableresourceexportersinlatinamericaandthecaribbean AT ossowskirolando ridingtherollercoasterfiscalpoliciesofnonrenewableresourceexportersinlatinamericaandthecaribbean
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Riding the roller coaster: fiscal policies of nonrenewable resource exporters in Latin America and the Caribbean

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