May 2022
Author(s): Ardanaz, Martín;Bonet, Jaime Alfredo;Garson, Sol;Huanqui Valcárcel, Silvana;Muñoz Miranda, Andrés;Pérez, Gerson Javier;Slack, Enid
Cities are important drivers of productivity, innovation, and economic growth. To achieve their full economic potential, cities must deliver high-quality public services to their residents and…
Apr 2022
Author(s): Ter-Minassian, Teresa;Muñoz Miranda, Andrés
This paper focuses on the design of intergovernmental transfers to reduce vertical and horizontal fiscal imbalances and improve the performance of subnational governments. It provides an overview of…
Apr 2022
Author(s): Rao, Krishna D.;Vecino Ortiz, Andres Ignacio;Roberton, Tim;Lopez Hernandez, Angélica;Noonan, Caitlin
Latin American and Caribbean countries will face significant increases in future health expenditures. A variety of factors are responsible - population growth and aging, the epidemiological…
Dec 2020
Author(s): López, Arnoldo;Ruiz-Arranz, Marta;Eggers Prieto, Carlos;Barrios, Juan José;Laloum, Mélanie;Prat, Jordi;Leslie, Janelle;Martin, Lucia;Gutiérrez Juárez, Priscilla;Monge, Javier Mauricio;Escobar, Julia;Teixeira, Gisele;Linares, Jennifer;Anglade, Boaz;Zelaya, Rosmery;Jiménez, Samuel;Díaz, Ana Karen;Filippo, Agustín;Martínez, André;Ugarte, Fadel;Astudillo, Jhonatan A.;Garcimartín, Carlos;Vargas, Fanny;Zentner, Joaquín
The world economy will experience a major downturn in 2020 due to the COVID-19 outbreak, one that will undoubtedly affect the region. We estimate that, as a result, poverty and inequality will…
Dec 2020
Author(s): López, Arnoldo;Ruiz-Arranz, Marta;Eggers Prieto, Carlos;Barrios, Juan José;Laloum, Mélanie;Prat, Jordi;Leslie, Janelle;Martin, Lucia;Gutiérrez Juárez, Priscilla;Monge, Javier Mauricio;Escobar, Julia;Teixeira, Gisele;Linares, Jennifer;Anglade, Boaz;Zelaya, Rosmery;Jiménez, Samuel;Díaz, Ana Karen;Filippo, Agustín;Martínez, André;Ugarte, Fadel;Astudillo, Jhonatan A.;Garcimartín, Carlos;Vargas, Fanny;Zentner, Joaquín
La economía mundial tendrá una importante contracción económica en 2020 como resultado de la epidemia del Covid-19, a lo cual no será ajena la región. Como resultado, estimamos un aumento en la…
Nov 2019
Author(s): Musacchio, Aldo;Pineda, Emilio;Huber, John;Jara, Mauricio;Kim, Hyungon;Ter-Minassian, Teresa;Wagner, Rodrigo
The situation of state-owned enterprises (SOEs) in Latin America and the Caribbean continues to be dire. This book uses an original database of SOE performance that shows that every year about one-…
Aug 2018
Author(s): López-Martín, Bernabé;Ramírez de Aguilar, Alberto;Samano, Daniel
We exploit a hidden Markov model where inflation is determined by government deficits financed through money creation and/or by destabilizing expectations dynamics (expectations can potentially…
Aug 2018
Author(s): Panadeiros, Monica;Pessino, Carola
El envejecimiento poblacional que caracterizará la evolución demográfica de los países latinoamericanos en las próximas décadas es probable que vaya acompañado de presiones para incrementar el gasto…
Oct 2017
Author(s): Rodríguez Pueblita, José Carlos
En el presente documento se realiza un análisis del complejo marco institucional que rige el esquema de coordinación fiscal existente entre la federación y los estados en México, y se elabora una…
Nov 2015
Author(s): Serebrisky, Tomás;Suárez-Alemán, Ancor;Margot, Diego;Ramirez, Maria Cecilia
Much attention has been devoted to how much infrastructure investment LAC needs. Less attention has been devoted to where that investment comes from. This report examines how much LAC invests in…
Nov 2015
Author(s): Serebrisky, Tomás;Suárez-Alemán, Ancor;Margot, Diego;Ramirez, Maria Cecilia
Durante las últimas décadas se ha prestado especial atención a cuánto es necesario invertir en infraestructura en América Latina y el Caribe (ALC). Sin embargo, no ha ocurrido lo mismo en relación al…
Nov 2015
Author(s): Libertun de Duren, Nora Ruth;Guerrero Compeán, Roberto
This paper finds that per capita municipal spending on public services is strongly and non-linearly correlated to urban population density. Optimal expenditure levels for municipal services are…
Apr 2015
Author(s): Espino, Emilio;González Rozada, Martín
This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin American countries: Brazil, Chile and Mexico, studying a small open economy in the…
Feb 2014
Author(s): Gutiérrez Juárez, Priscilla;Manzano, Osmel
Centroamérica se encuentra en un momento de desaceleración de sus economías, acentuado por el incremento de los déficits fiscal y externo. Esta coyuntura resalta una serie de retos de política que se…
Oct 2013
Author(s): Bosch, Mariano;Melguizo, Ángel;Pagés, Carmen
The Latin America and Caribbean (LAC) region has reduced its inequality and poverty, and is looking towards the future with greater optimism than in the past. As the region grows, new problems appear…
Oct 2013
Author(s): Bosch, Mariano;Melguizo, Ángel;Pagés, Carmen
América Latina y el Caribe (ALC) ha reducido su desigualdad y su pobreza, y enfrenta las próximas décadas con mayor optimismo que en el pasado. Conforme la región crece, aparecen nuevos problemas a…
Oct 2013
Author(s): Bosch, Mariano;Melguizo, Ángel;Pagés, Carmen
América Latina e Caribe (ALC) reduziram sua desigualdade e sua pobreza e enfrentarão as próximas décadas com maior otimismo do que no passado. Conforme a região cresce, aparecem novos problemas que…
Aug 2013
Author(s): Canavire-Bacarreza, Gustavo;Martínez-Vázquez, Jorge;Vulovic, Violeta
Tax policy is among the most common and relevant instruments in the toolkit of policy-makers when thinking about promoting growth, yet there is not compelling evidence regarding its effect in Latin…
Aug 2013
Author(s): Antón, Arturo;Leal, Julio
This paper analyzes the aggregate effects of a revenue neutral fiscal-cum-social policy reform in a typical developing country that consists of two main changes: (1) the implementation of universal…
Aug 2013
Author(s): López Córdova, José Ernesto;Rodríguez Pueblita, José Carlos
El presente documento realiza un análisis de las finanzas públicas de los estados en México y, en particular, de sus obligaciones financieras. Se describe el marco institucional e histórico de las…