Oct 2014
Author(s): Castro, Lucio; Scartascini, Carlos
There is growing evidence that individual responses to public policies are, to a large extent, mediated by the way the policies are framed, by people's cognitive and computational capabilities,…
Oct 2014
Author(s): Castro, Lucio; Scartascini, Carlos
Hay creciente evidencia de que las respuestas individuales a las políticas públicas están, en gran medida, mediatizadas por la manera en que se formulan las políticas, por las capacidades cognitivas…
Mar 2014
Author(s): Carballo, Jerónimo; Graziano, Alejandro; Schaur, Georg; Volpe Martincus, Christian
Time delays in international transactions impose trade costs. We examine transaction level Peruvian import data to show that firms are subject to significant costs of port-of-entry delays. At the…
Apr 2013
Author(s): Klinger, Bailey; Castro, Lucio; Szenkman, Paula; Khwaja, Asim
Access to finance remains a challenge for Small and Medium Enterprises (SMEs) in Argentina. It is a particularly acute problem among newly created SMEs that have a scant credit record and frequently…
Mar 2007
Author(s): Manasse, Paolo; Panizza, Ugo; Dos Reis, Laura
This paper discusses whether a country should conduct fiscal policy by targeting a structural (or cyclically adjusted) fiscal balance. The paper is divided into three sections. The first section…
Jul 2006
Author(s): Panizza, Ugo; Yañez, Mónica
The objective of this paper is to use opinion polls to document Latin Americans' increasing discontent with reforms and to explore possible explanations for this trend. We test four possible…
Jul 2006
Author(s): Bebczuk, Ricardo N.; Panizza, Ugo; Galindo, Arturo
Recent empirical and theoretical literature on the impact of real exchange rate devaluations on economic performance questions the traditional expansionary effect generated within standard Mundell-…
Mar 2006
Author(s): Jaimovich, Dany; Panizza, Ugo
Commonly used datasets on the level of public debt provide incomplete country and period coverage. This paper presents a new dataset that includes complete series of central government debt for 89…
Mar 2006
Author(s): Jaimovich, Dany; Panizza, Ugo; Campos, Camil F.S.
This paper shows that budget deficits account for a relatively small fraction of debt growth and that stock-flow reconciliation, which is often considered a residual entity, is one of the key…
Mar 2006
Author(s): Borensztein, Eduardo; Panizza, Ugo
This paper uses a difference-in-difference methodology similar to the one originally proposed by Rajan and Zingales (1998) to test whether defaulting hurts the more export-oriented industries. Strong…
Oct 2004
Author(s): Micco, Alejandro; Panizza, Ugo
This paper examines whether bank ownership (public versus private, domestic versus foreign) is correlated with bank lending behavior over the business cycle. The paper finds that state-owned banks…
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…
Mar 2002
Author(s): Panizza, Ugo; Lora, Eduardo
The future of structural reforms in Latin America is under discussion. The purpose of this document is to synthesize the facts and opinions that underlie this debate. The first section shows that…
Mar 2002
Author(s): Panizza, Ugo; Lora, Eduardo
El futuro de las reformas estructurales se encuentra en discusión en América Latina. Este documento tiene por objeto ofrecer una síntesis de los hechos y opiniones que están alimentando este debate.…
Jan 2002
Author(s): Seddon Wallack, Jessica; Gaviria, Alejandro; Panizza, Ugo; Stein, Ernesto H.
This paper presents a new dataset on electoral systems and outlines its potential uses in further research exploring the connections between electoral systems and economic outcomes. The dataset…
Dec 1998
Author(s): Stein, Ernesto H.; Streb, Jorge M.
This paper presents a rational political budget cycle model for an open economy, in which devaluations are delayed in the pre-election period so as to increase the electoral chances of the party in…
Dec 1997
Author(s): Stein, Ernesto H.; Streb, Jorge M.
Although the region remains highly centralized, the tendency toward decentralization is quite strong. Not only is a larger portion of the general government budget executed from the subnational…