01747cas a2200253 a 4500 AALejournalIMF007414 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451950786 1018-5941 BD-DhAAL BD-DhAAL Schwartz, Gerd. The Role of Fiscal Policy in Sustainable Stabilization : Evidence From Latin America / Gerd Schwartz, Teresa Ter-Minassian. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews the role of fiscal policy in a number of stabilization programs in Latin America since the early 1980s. The paper highlights the importance of sustainable fiscal adjustment in stabilization efforts, and discusses the main issues that arise in this context. By reviewing the Latin American experience, it is argued that responsibility for failed stabilization attempts can be traced to four main factors: inconsistent policy mixes; excessive reliance on temporary factors of improvement in the fiscal accounts; failure to implement fundamental fiscal reforms; and lack of complementary structural reforms. Mode of access: Internet Ter-Minassian, Teresa. IMF Working Papers; Working Paper ; No. 1997/094 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/094/001.1997.issue-094-en.xml IMF e-Library