Dec 2018
Author(s): Schmid, Juan Pedro; Wright, Allan; Khadan, Jeetendra; Smets, Lodewijk; Mooney, Henry; Giles Álvarez, Laura; Schwartz, Moises; Gauto, Victor
The divergence in the development of the countries that correspond to the Inter-American Development Bank’s Caribbean Country Department and the Organisation of Eastern Caribbean States (OECS)…
Nov 2018
Author(s): Ruiz Arranz, Marta; Díaz Cassou, Javier
Una vez superada la crisis financiera de finales del siglo pasado, Ecuador se adentró en una prolongada etapa de crecimiento económico que permitió reducir la incidencia de la pobreza a mínimos…
Sep 2018
Author(s): Schmid, Juan Pedro; Wright, Allan; Bollers, Elton; Khadan, Jeetendra; Smets, Lodewijk; Mooney, Henry; Giles Álvarez, Laura; Schwartz, Moises; Waithe, Kimberly; Deyal, Zubin; Gauto, Victor
While countries in the Caribbean are highly diverse, several common development challenges emerge, including weak fiscal institutions, crime and violence, a sluggish private sector, weak productive…
Aug 2018
Author(s): Rossi, José Luiz
This paper studies the predictive power of several proxies for liquidity in forecasting exchange rates for a set of countries from January 2001 to April 2013. The results indicate that changes in…
Jul 2018
Author(s): Alonso, Pablo
The establishment of the inflation targeting regime in Paraguay is relatively recent, however, the results have been satisfactory. This is because based on the observed data, from the implementation…
Apr 2018
Author(s): Finkelstein-Shapiro, Alan; González Gómez, Andrés; Nuguer, Victoria; Roldán-Peña, Jessica
We use a novel dataset that merges goods-level prices underlying the CPI in Mexico with the balance sheet information of Mexican publicly listed firms and study the connection between firms'…
Jun 2017
Author(s): Fernandez, Andres; Schmitt-Grohé, Stephanie; Uribe, Martin
SVAR models that include a single world price (such as the terms-of-trade) predict that world shocks explain a small fraction of movements in domestic output (typically less than 10 percent). This…
May 2017
Author(s): Carrillo, Julio A.; Mendoza, Enrique G.; Nuguer, Victoria; Roldán-Peña, Jessica
Quantitative analysis of a New Keynesian model with the Bernanke-Gertler accelerator and risk shocks shows that violations of Tinbergen's Rule and strategic interaction between policymaking…
Apr 2017
Author(s): Bucacos, Elizabeth
This study analyzes the effects of "financial stress" on the Uruguayan macroeconomy in the 1998Q3-2016Q2 period with the underlying idea that financial shocks propagate differently during…
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…
Nov 2016
Author(s): Inter-American Development Bank (IDB)
The IDB's interactive data portal CaribbeanEconomics.org presents microeconomic data collected through primary data collection, and macroeconomic data compiled from various public sources.…
Feb 2016
Author(s): Beverinotti, Javier
Costa Rica es un país que históricamente se ha caracterizado por sus indicadores socioeconómicos favorables y por sus reformas sociales. Por el lado del crecimiento económico, la economía ha crecido…
Feb 2016
Author(s): Pereira da Silva, Luiz A.; Agénor, Pierre-Richard
This paper discusses, from an analytical and operational perspective, the use of reserve requirements and loan loss provisions as countercyclical macroprudential instruments. In recent years both of…
Jan 2016
Author(s): O'Brien, Cherran; Khadan, Jeetendra; Thomas, Chrystol; Wenner, Mark D.; Schmid, Juan Pedro
The Caribbean Region Quarterly Bulletin discusses recent economic developments in the 6 IDB-member Caribbean countries, as well as the Organization of Eastern Caribbean States (OECS). The countries…
Mar 2015
Author(s): Cesa-Bianchi, Ambrogio; Céspedes, Luis Felipe; Rebucci, Alessandro
This paper first compares house price cycles in advanced and emerging economies using a new quarterly house price dataset covering the period 1990- 2012. It is found that that house prices in…
Dec 2014
Author(s): Salazni, Mariana; Khadan, Jeetendra; Dukharan, Marla; Gomez Osorio, Camilo; Wenner, Mark D.; Thomas, Chrystol; O'Brien, Cherran; Schmid, Juan Pedro
The Caribbean Region Quarterly Bulletin discusses recent economic developments in the 6 IDB-member Caribbean countries, as well as the Organization of Eastern Caribbean States (OECS). The countries…
Aug 2014
Author(s): Mariscal, Rodrigo; Powell, Andrew; Tavella, Pilar
Inflation targeting has been adopted in a set of emerging economies, including eight countries in Latin America. The success of this regime may depend critically on the credibility of the target and…
Apr 2014
Author(s): Armas, Adrián; Castillo, Paul; Vega, Marco
This paper provides an overview of the reserve requirement measures undertaken by the Central Bank of Peru. It provides a rationale for the use of these instruments as well as empirical evidence of…
Feb 2014
Author(s): Urrutia, Miguel; Hofstetter, Marc; Hamann, Franz
After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-…
Feb 2014
Author(s): Sola, Martín; González Rozada, Martín
Using a dynamic stochastic general equilibrium model with financial frictions, this paper evaluates the effects of a rule that incorporates not only the interest rate but also the legal reserve…