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…
Aug 2015
Author(s): Chacaltana, Juan; Díaz, Juan José; Rosas-Shady, David
El presente documento plantea que Perú requiere reformar su sistema actual de formación para el trabajo con la finalidad de mantener el crecimiento de su economía y, al mismo tiempo, continuar…
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…
Dec 2003
Author(s): Lora, Eduardo; Pagés, Carmen; Panizza, Ugo; Stein, Ernesto H.
The Research Department of the IDB (RES) performs innovative, comparative research on the development issues of greatest concern to the region today. It generates a wide variety of products based on…
Jul 2003
Author(s): Loboguerrero, Ana María; Panizza, Ugo
Inflation can grease the wheels of the labor market by relaxing downward wage rigidity but it can also increase uncertainty and have a negative sand effect. This paper studies the grease effect of…
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…