Dec 2019
Author(s): Avellán, Leopoldo; Goncalves Cavalcanti, Vitor; Leal Calderon, Zulima; Lotti, Giulia
This paper assesses the link between the effort to prepare investment projects and the effort to implement them. Effort is measured as the total number of staff hours devoted to the project…
Jul 2019
Author(s): Avellán, Leopoldo; Leon-Diaz, John
The study finds that variability in the approval rate of IDB-funded investment projects depends more on specific project characteristics than on macroeconomic conditions faced by countries or errors…
Jul 2019
Author(s): Avellán, Leopoldo; Goncalves Cavalcanti, Vitor; Lotti, Giulia
This study assesses whether, by decreasing project preparation time, execution times are lengthened. This study finds no systematic evidence that links project preparation time with project execution…
Dec 2016
Author(s): Andrian, Leandro Gaston; Avellán, Leopoldo
El producto potencial y la brecha del producto son conceptos comúnmente utilizados para informar el ejercicio de las políticas monetaria y fiscal, así como para el análisis del desempeño del sistema…
Feb 2014
Author(s): Kawamura, Enrique; García-Cicco, Javier
This paper presents a small open economy model to analyze the role of central bank liquidity management in implementing "unconventional" monetary policies within an inflation targeting…