Jun 2018
Author(s): Stein, Ernesto H.; Cornick, Jorge; Fernández-Arias, Eduardo; Rivas, Gonzalo
Productive development policies (PDPs) are notoriously hard. They involve a daunting level of technical detail, require public-private collaboration, are in constant danger of capture, and demand…
Nov 2017
Author(s): Castro, Lucio; Szenkman, Paula
Evidencia reciente sugiere que el éxito o el fracaso de las políticas de desarrollo productivo (PDP) depende, en gran medida, no tanto de las características particulares de las políticas sino de las…
Sep 2017
Author(s): Panizza, Ugo
The paper shows that international government borrowing from multilateraldevelopment banks is countercyclical while international government borrowing form private sector lenders is procyclical. The…
Nov 2014
Author(s): Bonet, Jaime Alfredo; Muñoz Miranda, Andrés; Pineda Mannheim, Carlos R.; Díaz Frers, Luciana; Castro, Lucio; De Cesare, Claudia M.; Alves Dantas, Rubens; Duarte Ribeiro, José Luis; Portugal, José Luiz; Sánchez Torres, Fabio; España Eljaiek, Irina; Robalino, Juan; Hall, Luis J.; Slon, Pablo; Sandoval, Catalina
Esta investigación identifica los factores que determinan el desempeño del impuesto a la propiedad inmobiliaria en América Latina y estima su potencial recaudatorio. Durante la última década, el…
Mar 2007
Author(s): Panizza, Ugo; Jaimovich, Dany
There is a large literature showing that fiscal policy is either acyclical or countercyclical in industrial countries and procyclical in developing countries. Most of this literature is based on OLS…
Dec 2006
Author(s): Galindo, Arturo; Scartascini, Carlos; Payne, J. Mark; Daughters, Robert; Melo, Alberto; Echebarría, Koldo; Lora, Eduardo; Filc, Gabriel; Micco, Alejandro; Chong, Alberto E.; Panizza, Ugo; Benavides, Juan; Magaldi de Sousa, Mariana; Navarro, Juan Carlos; Márquez, Gustavo; Cortázar Velarde, Juan Carlos; Mesa-Lago, Carmelo; Harper, Leslie; Rodríguez-Clare, Andrés; Perusia, Juan Cruz
Latin America suffered a profound state crisis in the 1980s, which prompted not only the wave of macroeconomic and deregulation reforms known as the Washington Consensus, but also a wide variety of…
Jul 2004
Author(s): Díaz Alvarado, Carlos; Izquierdo, Alejandro; Panizza, Ugo
This paper surveys the recent literature on fiscal sustainability, with particular emphasis on emerging market countries. It discusses the main elements that differentiate emerging market countries…
Jul 1999
Author(s): Panizza, Ugo
Cross-country studies have found a negative relationship between income inequality and economic growth. The main problem with the cross-country analyses is the poor quality of the data on income…