| Description |
1 online resource |
| Contents |
Building a Foundation for Sustained Growth -- PART 1: THE FOUNDATIONS OF GROWTH : Policy Imperatives for Raising Potential Output Growth -- Female Labor Force participation -- Migration and Remittances -- Trade Integration: Taking Stock -- Crime and Punishment in Central America -- PART 2: FISCAL POLICY CHALLENGES TO GROWTH : Benchmarking Social Spending in Central America -- The Long-Term Fiscal Costs of Population Aging -- Fiscal Policy Reforms and Inequality: The Cases of Honduras, Guatemala and Dominican Republic -- Recent Experiences with Fiscal Responsibility Frameworks -- PART 3: MONETARY AND FINANCIAL SECTOR POLICIES TO SUPPORT GROWTH : Monetary Transmission: Effectiveness and Policy Implications -- Financial Development and Inclusion -- Safeguarding Financial Stability: The Role of Macroprudential Policy -- The Credit Cycle |
| Summary |
Abstract: Accelerating economic growth in Central America, Panama and the Dominican Republic (CAPDR) remains an elusive task. While the region performed relatively well in the post-global financial crisis period, over the last five years obstacles to growth have become more evident and new challenges have emerged. In response, the region has strengthened macro-financial frameworks but more progress will be required to pave the way to sustained growth and prosperity. This book considers the structural factors underlying the region's growth outlook and assesses its macroeconomic and financial challenges to help shape the policy agenda going forward. The book first identifies the structural determinants of growth in the region related to: capital formation; employment; demographic factors, including immigration; productivity; and violence. It then highlights the importance of creating fiscal space through the design and implementation of fiscal rules and mechanisms to increase accountability (better quality of public spending, adequate policies to reduce income inequality and sustainable retirement plans). Finally, it presents recent evidence on the importance of a supportive financial sector for growth (including through financial inclusion and development) |
| Subject |
Economic development -- Central America
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Economic development -- Panama
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Economic development -- Dominican Republic
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Fiscal policy -- Central America
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Fiscal policy -- Panama
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Fiscal policy -- Dominican Republic
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Economic development
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Fiscal policy
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Business Fluctuations.
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Economic Integration.
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General.
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Public Expenditures, Investment, And Finance.
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Central America
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Dominican Republic
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Panama
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| Form |
Electronic book
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| Author |
Beaton, Kimberly, editor.
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Figliuoli, Lorenzo, editor.
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Garcia-Saltos, Roberto, editor.
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| ISBN |
9781484368749 |
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1484368746 |
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1484359720 |
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9781484359723 |
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