Aug 2019
Author(s): Ardanaz, Martín; Hallerberg, Mark; Scartascini, Carlos
Do voters punish governments that introduce fiscal “austerity” measures? If so, does voter response vary according to the design (composition) of fiscal adjustments? What determines the timing of…
Jun 2015
Author(s): Ardanaz, Martín; Gonzales, Alberto; Tolsa Caballero, Nuria
The database allows estimating structural fiscal balances for 20 countries in the region under different assumptions regarding the output gap and commodity structural prices. It is a unique database…
Jul 2013
Author(s): Marcel, Mario
This paper discusses the merits of alternative definitions of the structural budget in the context of their use in the design and implementation of fiscal rules. To this end, the paper argues that…