The Impact of the International Financial Crises Upon Emerging Economies and the Performance of Discretionary Fiscal Policies: The Case of Argentina

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Although international crises partially accounted for the recent weakArgentine economic performance, main causes have to be sought in domesticeconomic policies adding uncertainty to the decision process of economicsectors and amplifying crises’ effects. Government revenues exhibiteda positive, thoug...

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Autores principales: Rezk, Ernesto, Lafit, Ginette, Ricca, Vanina
Formato: Artículo revista
Lenguaje:Inglés
Publicado: Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2010
Materias:
international financial crises
discretionary fiscal policies
Argentina
H30
crisis financiera international
política fiscal discrecional
Acceso en línea:https://revistas.unc.edu.ar/index.php/REyE/article/view/4106
Aporte de:
Revistas de la UNC de Universidad Nacional de Córdoba
id I10-R10article-4106
record_format ojs
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-10
container_title_str Revistas de la UNC
language Inglés
format Artículo revista
topic international financial crises
discretionary fiscal policies
Argentina
H30
crisis financiera international
política fiscal discrecional
Argentina
H30
spellingShingle international financial crises
discretionary fiscal policies
Argentina
H30
crisis financiera international
política fiscal discrecional
Argentina
H30
Rezk, Ernesto
Lafit, Ginette
Ricca, Vanina
The Impact of the International Financial Crises Upon Emerging Economies and the Performance of Discretionary Fiscal Policies: The Case of Argentina
topic_facet international financial crises
discretionary fiscal policies
Argentina
H30
crisis financiera international
política fiscal discrecional
Argentina
H30
author Rezk, Ernesto
Lafit, Ginette
Ricca, Vanina
author_facet Rezk, Ernesto
Lafit, Ginette
Ricca, Vanina
author_sort Rezk, Ernesto
title The Impact of the International Financial Crises Upon Emerging Economies and the Performance of Discretionary Fiscal Policies: The Case of Argentina
title_short The Impact of the International Financial Crises Upon Emerging Economies and the Performance of Discretionary Fiscal Policies: The Case of Argentina
title_full The Impact of the International Financial Crises Upon Emerging Economies and the Performance of Discretionary Fiscal Policies: The Case of Argentina
title_fullStr The Impact of the International Financial Crises Upon Emerging Economies and the Performance of Discretionary Fiscal Policies: The Case of Argentina
title_full_unstemmed The Impact of the International Financial Crises Upon Emerging Economies and the Performance of Discretionary Fiscal Policies: The Case of Argentina
title_sort impact of the international financial crises upon emerging economies and the performance of discretionary fiscal policies: the case of argentina
description Although international crises partially accounted for the recent weakArgentine economic performance, main causes have to be sought in domesticeconomic policies adding uncertainty to the decision process of economicsectors and amplifying crises’ effects. Government revenues exhibiteda positive, though decreasing, evolution explained by a contraction oftax revenues despite transfers from the eliminated Private Pension Systemand IMF`s special draw rights. However, public spending was in the rootof the government’s fi scal strain as their growth rate outweighed that ofrevenues and caused an erosion of the primary surplus, whose present levelartifi cially stemmed from exceptional revenue fl ows and the discretionaryseizing of pension funds. Finally, although the overall cyclical sensitivity of tax revenues increased, budget balance’s response to GDP did not suffi ce tocheck cycles and active fi scal policies had to strengthen stabilizing actions.
publisher Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
publishDate 2010
url https://revistas.unc.edu.ar/index.php/REyE/article/view/4106
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