## Fiscal Positions in Latin America: Have They Really Improved?

_IMF Working Papers, May 1, 2008_

## Source details

**Canonical URL:** [Fiscal Positions in Latin America: Have They Really Improved?](https://www.imf.org/en/publications/wp/issues/2016/12/31/fiscal-positions-in-latin-america-have-they-really-improved-21986)

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## Bibliographic details
- Authors: Jeromin Zettelmeyer, Ivanna Vladkova Hollar
- Published: May 1, 2008
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451869965.001

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### Overview and Research Question
- Authors: Jeromin Zettelmeyer, Ivanna Vladkova Hollar
- Publication type: IMF Working Papers, Working Paper No. 2008/137
- Publication date: May 1, 2008
- Pages: 30
- Issue: 137
- Volume: 2008
- DOI: https://doi.org/10.5089/9781451869965.001
- Stock No: WPIEA2008137
- ISBN: 9781451869965
- ISSN: 1018-5941
- Core question: Fiscal performance in Latin America looks much improved this decade compared to the 1980s or 1990s. Is this a "structural" improvement or likely to be transitory?

### Methodology
- Estimates the relationship between non-commodity revenue and the economic cycle.
- Evaluates commodity revenues using alternative medium term commodity price projections.

### Key Findings
- Structural revenues have indeed improved as a share of GDP.
- Structural primary balances are currently in surplus in many Latin American countries.
- The magnitude of these improvements is uncertain, in part due to uncertainty about the commodity price outlook.

### Themes and Topics
- Commodities
- Commodity prices
- Expenditure
- Fiscal stance
- Personal income
- Keywords listed: commodity revenue, output gap, WP

### Data and Supplemental Resources
- Link to data for this title (ZIP) is provided on the page.
- Formats: Download PDF; More Formats on IMF eLibrary; Order a Print Copy.
- Citation example provided in Chicago format on the page.

*IMF Working Papers — Fiscal Positions in Latin America: Have They Really Improved? by Jeromin Zettelmeyer and Ivanna Vladkova Hollar, May 1, 2008.*

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/fiscal-positions-in-latin-america-have-they-really-improved-21986_