Over the past decade, fiscal deficits emerged as one of the most pressing macroeconomic concerns around the world, both in developed and developing countries.  Debt crises, most recently in the Eurozone, alerted the world to the dangers of running unsustainable government deficits. In fact, for the Latin America and Caribbean (LAC) region, 30 of 32 … Continue reading How threatening are fiscal deficits in Latin America and the Caribbean?