Author/Editor: Oya Celasun, Francesco Grigoli, Keiko Honjo, Javier Kapsoli, Alexander Klemm, Bogdan Lissovolik, Jan Luksic, Marialuz Moreno Badia, Joana Pereira, Marcos Poplawski-Ribeiro, Baoping Shang, Yulia Ustyugova.

Release Date:April, 2015

Latin America’s bold fiscal policy reaction to the global financial crisis was hailed as a sign that the region had finally overcome its procyclical fiscal past. However, most countries of the more...