Nov 2008
Author(s): Cavallo, Eduardo A.; Powell, Andrew; Rigobón, Roberto
If rating agencies add no new information to markets, their actions are not a public policy concern. But as rating changes may be anticipated, testing whether ratings add value is not straightforward…
Oct 2008
Author(s): Cavallo, Eduardo A.; Daude, Christian
This paper analyzes the impact of public investment on private investment in 116 developing countries between 1980 and 2006. It finds a strong crowding-out effect that seems to be the norm rather…
Aug 2008
Author(s): Cavallo, Eduardo A.; Cavallo, Alberto F.
This paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. Once unobserved country-specific effects and other sources of…
Mar 2008
Author(s): Izquierdo, Alejandro; Talvi, Ernesto; Catão, Luis; Cavallo, Eduardo A.; Powell, Andrew
Latin America is growing fast and fundamentals look healthier. Are these achievements here to stay? Strong commodity prices may not last forever and a US recession could have major repercussions in…
Jan 2008
Author(s): Luna, Elba N.; Roza, Vivian; Vega, Gabriela
Este trabajo tiene el doble propósito de documentar y analizar el destacado progreso de las ministras latinoamericanas, siguiendo la ruta de su crecimiento en el tiempo, por países y sectores, y de…
Dec 2007
Author(s): Machado, Roberto; Vergara, Rodrigo; Petrei, Humberto; Ratner, Gabriel; Iacoviello, Mercedes; Zuvanic, Laura; Claro de la Maza, Jorge; Letelier, Leonardo S.
A partir de un enfoque esencialmente comparativo, Un gasto que valga: los fondos públicos en Centroamérica y República Dominicana ayuda a comprender la problemática del gasto público en la región,…