<?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>0121-4772</journal-id>
<journal-title><![CDATA[Cuadernos de Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Cuad. Econ.]]></abbrev-journal-title>
<issn>0121-4772</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0121-47722020000200471</article-id>
<article-id pub-id-type="doi">10.15446/cuad.econ.v39n80.82613</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[TOWARDS FISCAL COORDINATION IN SOUTH AMERICA: A PROPOSAL BASED ON INTER-COUNTRY FISCAL MULTIPLIERS]]></article-title>
<article-title xml:lang="es"><![CDATA[Hacia la coordinación fiscal en Sudamérica: una propuesta basada en multiplicadores fiscales multipaís]]></article-title>
<article-title xml:lang="pt"><![CDATA[Rumo à coordenação fiscal na América do Sul: uma proposta baseada em multiplicadores fiscais multipaís]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Tordiinsky Landau]]></surname>
<given-names><![CDATA[Matias]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,University London  ]]></institution>
<addr-line><![CDATA[Buenos Aires ]]></addr-line>
<country>Argentina</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<volume>39</volume>
<numero>spe80</numero>
<fpage>471</fpage>
<lpage>497</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0121-47722020000200471&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0121-47722020000200471&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0121-47722020000200471&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT Based on the methodology developed by Cingolani, Garbellini, and Wirkierman (2013) and the inter-country input-output (ICIO) tables published by the OECD, we estimate a matrix of multi-country income multipliers for five South American countries for the 2005-2015 period. We then devise a linear program to calculate the requirements of a coordinated fiscal expansion (where each country participates, although not in the same proportion) in order to achieve a target rate of growth for all countries in the region. This policy outperforms the implementation of isolated actions by each government, considering both their fiscal and external costs. JEL: C61; C67; F14; F15; O41.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN De acuerdo con la metodología desarrollada por Cingolani, Garbellini y Wirkierman (2013) y las matrices insumo-producto multipaís elaboradas por la OCDE, se estima una matriz de multiplicadores fiscales multipaís para cinco naciones sudamericanas en el período 2005-2015. Luego, utilizando programación lineal, se calculan los requisitos de una política fiscal coordinada (donde cada país participa, aunque no en la misma proporción) que permita alcanzar una tasa de crecimiento especificada para todos los países de la región. Las estimaciones muestran que esta política da lugar a mejores resultados que la implementación de acciones independientes por parte de cada gobierno, tanto en el plano fiscal como en el externo. JEL: C61; C67; F14; F15; O41.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[RESUMO De acordo à metodologia desenvolvida por Cingolani, Garbellini e Wirkierman (2013) e as matrizes insumo-produto multipaís elaboradas pela OCDE, estimase uma matriz de multiplicadores fiscais multipaís para cinco nações sul-americanas no período 2005-2015. Depois, utilizando programação linear, se calculam os requisitos de uma política fiscal coordenada (onde cada país participa, ainda que não na mesma proporção) que permita alcançar um índice de crescimento especificado para todos os países da região. As estimativas mostram que esta política conduz a melhores resultados que a implementação de ações independentes por parte de cada governo, tanto no plano fiscal como no externo. JEL: C61; C67; F14; F15; O41.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Fiscal multipliers]]></kwd>
<kwd lng="en"><![CDATA[South America]]></kwd>
<kwd lng="en"><![CDATA[regional integration]]></kwd>
<kwd lng="en"><![CDATA[input output]]></kwd>
<kwd lng="es"><![CDATA[multiplicadores fiscales]]></kwd>
<kwd lng="es"><![CDATA[sudamérica]]></kwd>
<kwd lng="es"><![CDATA[integración regional]]></kwd>
<kwd lng="es"><![CDATA[insumo producto]]></kwd>
<kwd lng="pt"><![CDATA[multiplicadores fiscais]]></kwd>
<kwd lng="pt"><![CDATA[América do Sul]]></kwd>
<kwd lng="pt"><![CDATA[integração regional]]></kwd>
<kwd lng="pt"><![CDATA[insumo produto]]></kwd>
</kwd-group>
</article-meta>
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