Changes in South-American Fiscal Rules in a Post-Pandemic Scenario: A Case-By-Case Analysis

被引:0
|
作者
Lochagin, Gabriel Loretto [1 ]
机构
[1] Univ Sao Paulo, Fac Direito Ribeirao Preto, Rua Garibaldi 805,Apartamento 132, BR-14010170 Ribeirao Preto, SP, Brazil
关键词
South America; public finance; fiscal rules; government budget; COVID;
D O I
10.1515/ldr-2024-0005
中图分类号
D9 [法律]; DF [法律];
学科分类号
0301 ;
摘要
Public finances have been extensively affected by the effects of the COVID-19 pandemic and the measures enacted to mitigate them. In South America, have these effects been permanent, or were fiscal rules solid enough to allow for flexibility and a later return to normality? The hypothesis in this paper is that Covid had a significant impact on the fiscal institutions of countries with previous difficulties in using norms as stabilization tools for public finance, but had only temporary effects for countries with a stronger tradition of implementing fiscal rules more effectively. The text is structured as follows: in the first part, a general panorama of the creation of fiscal rules in South America is presented to offer comparison patterns with their post-pandemic evolution. Secondly, a description of the possible structures of fiscal rules is analyzed, and these categories will be applied to the South American case. In the third and last part, the types of fiscal rules are classified according to each country, as well as the transformations observed after the COVID-19 pandemic. As a result, the paper will offer a consolidated approach to changes in fiscal rules in the region.
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页码:483 / 509
页数:27
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