<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0185-1667</journal-id>
<journal-title><![CDATA[Investigación económica]]></journal-title>
<abbrev-journal-title><![CDATA[Inv. Econ]]></abbrev-journal-title>
<issn>0185-1667</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Economía]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0185-16672006000100159</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Lecciones de la política fiscal anticíclica norteamericana para América Latina]]></article-title>
<article-title xml:lang="en"><![CDATA[Lessons of the Fiscal Policy Anticyclical North American for Latin America]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Alarco Tosoni]]></surname>
<given-names><![CDATA[Germán]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Hierro Carrillo]]></surname>
<given-names><![CDATA[Patricia del]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Panamericana Escuela de Economía ]]></institution>
<addr-line><![CDATA[México ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Panamericana Escuela de Economía ]]></institution>
<addr-line><![CDATA[México ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2006</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2006</year>
</pub-date>
<volume>65</volume>
<numero>255</numero>
<fpage>159</fpage>
<lpage>201</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0185-16672006000100159&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0185-16672006000100159&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0185-16672006000100159&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: La política fiscal anticíclica es un componente importante de la política económica norteamericana. El presente trabajo identifica las circunstancias y magnitudes en que ésta se ha implantado entre 1929 y 2001. Estos eventos de política anticíclica no se correlacionan con un mayor déficit en las finanzas públicas, mayor inflación, desequilibrio en la balanza en cuenta corriente, reducción de la inversión privada e incremento de la tasa de interés. Asimismo, estos impulsos fiscales, si bien limitados en el tiempo, no sólo hacen frente a las circunstancias que le dieron origen, sino que contribuyen a explicar más de 17% del producto interno bruto (PIB) norteamericano actual y por tanto son base importante de su bienestar económico. A partir de esta experiencia, se discute sobre la definición, oportunidad o momento, sobre los mecanismos susceptibles de ser utilizados, la magnitud, la duración y el finanáamiento de estas políticas fiscales anticíclicas en el contexto actual de las economías latinoamericanas.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: The anticyclical fiscal policy is an important us economic policy component. The identification of the circumstances and their magnitude caused by these policies is noted between 1929 and 2001. In our analysis these anticyclical policy events are not correlated with a greater deficit in the public finances, a great inflation, imbalance in the current account of the balance of payments, private investment reduction and an increase in the interest rate. Also, these fiscal impulses, considering that they are limited in time, contribute to the explanation of more than 17% of the current us GDP (Gross Domestic Product). Finally, from this experience, it can be argued about the definition, opportunity or moment, susceptible-to-be-used mechanisms, magnitude (scale), length and financing of these anticyclical fiscal policies in the current context of our Latin-American economies.]]></p></abstract>
</article-meta>
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