Publicado

2016-01-01

Défis à relever pour la politique budgétaire en Amérique latine en matière de stabilisation et de redistribution

Challenges to take in fiscal policy in Latin America regarding stabilization and redistribution

Desafios a tomar para la política presupuestaria de América Latina a próposito de estabilización y de redistribución

Desafios a enfrentar pela política orçamentaria da América Latina a propósito da estabilização e da redistribuição

Palabras clave:

politique fiscale, Amérique latine, risque, stabilisation, redistribution (fr)
Fiscal policy, Latin American countries, risks, stabilization, redistribution (en)
política fiscal, América Latina, riesgo, estabilización, redistribución (es)
Política fiscal, América Latina, risco, estabilização, redistribuição (pt)

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Autores/as

  • Matthieu Llorca Université de Bourgogne
Cet article se propose d'étudier les réponses offertes par la politique fiscale en Amérique latine dans la situation actuelle " d'atterrissage en douceur ". En fait, il apparaît que la région est exposée à un risque de choc externe de pays développés et la Chine à un risque politique. Dans ces conditions, la politique fiscale a un rôle important à jouer pour gérer ces risques en se centrant sur ses fonctions de stabilisation et de distribution. En outre, nous proposons un système de plusieurs mesures pour chaque fonction. Enfin, nous démontrons que les pays latino-américains ne souffrent pas de contrainte du financement pour appliquer nos recommandations.
The purpose of this article is to study the responses offered by the fiscal policy in Latin America in the current situation of "soft landing". Indeed, it appears that the region is exposed to a risk of negative external shock from developed countries and China and to a specific-country political risk. In these conditions, fiscal policy has a significant role to play to manage these risks by focusing on its stabilization and distributive functions. Moreover, we propose a set of different measures for each function. Finally, we show that Latin American countries do not suffer of financing constraint to apply our proposals.

El propósito de este artículo es estudiar las respuestas ofrecidas por la política fiscal en América Latina en la situación actual del "aterrizaje suave". De hecho, aparece que la región está expuesta a un riesgo de choque externo de países desarrollados y China a un riesgo político. En estas condiciones, la política fiscal tiene un papel significativo a desempeñar para manejar estos riesgos centrándose en sus funciones de estabilización y distributivas. Por otra parte, proponemos un sistema de diversas medidas para cada función. Finalmente, demostramos que los países latinoamericanos no sufren de constreñimiento del financiamiento para aplicar nuestras recomendaciones.

O propósito deste artigo é estudar as respostas oferecidas pela política fiscal na América Latina na situação atual do "pouso suave". De fato, aparece que a região está exposta a um risco de choque externo de países desenvolvidos e a China a um risco político. Nestas condições, a política fiscal tem um papel significativo a desempenhar para lidar com estes riscos, centrando-se em suas funções de estabilização e distributivas. Por outro lado, propomos um sistema de várias medidas para cada função. Finalmente, demonstramos que os países latino-americanos não sofrem de constrangimento do financiamento para aplicar as nossas recomendações.

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