May 2022
Since the turn of the century, emerging market economies have begun to develop markets for bonds denominated in their local currencies, thus trying to avoid the “original sin” that resulted in many…
Apr 2022
Debntures Incentivadas or incentivized bonds are securities first issued in 2012 whose interest and capital gains enjoy income tax exemption conditional on using funds to finance infrastructure…
Apr 2022
Esta publicación presenta el análisis y conclusiones de un estudio sobre esquemas de garantía pública en tiempos de COVID-19 en América Latina y el Caribe (ALC). Para mitigar los efectos económicos…
Feb 2022
Few propositions in economics are as widely accepted as the theory of comparative advantage: If two countries have a comparative advantage in the production of different goods and services, trade can…
Research Insights: How Well Does Fiscal Policy Explain Brazil’s Inflation History from 1960 to 2016?
Jan 2022
Las tasas de inflación están estrechamente relacionadas con la expansión de la base monetaria en Brasil en el período 1960-2016. Los persistentes déficits fiscales tuvieron como resultado…
Jan 2022
Las tasas de inflación están estrechamente relacionadas con la expansión de la base monetaria en Brasil en el período 1960-2016. Los persistentes déficits fiscales tuvieron como resultado…
Dec 2021
Algunas de las variables relacionadas con el impacto de la COVID-19 a nivel de las ciudades son similares en contextos muy diferentes. Tanto en Brasil como en Estados Unidos, por ejemplo, la densidad…
Dec 2021
Algunas de las variables relacionadas con el impacto de la COVID-19 a nivel de las ciudades son similares en contextos muy diferentes. Tanto en Brasil como en Estados Unidos, por ejemplo, la densidad…
Oct 2021
This paper presents an overview of how health outcomes vary across cities in Latin America and discusses some of the known drivers of this variation. There are large disparities in outcomes across…
Aug 2021
While there is evidence of gender differences in policy preferences and electoral strategic behaviors, less is known about how these differences play out during crises. We use a close election RD…
Aug 2021
This paper investigates what explains the variation in impacts of COVID-19 across Brazilian cities. I assemble data from over 2,500 cities on COVID-19 cases and deaths, population mobility, and local…
Jul 2021
Recent increases in political polarization in social media raise questions about the relationship between negative online messages and the decline in political trust around the world. To evaluate…
Jun 2021
This study analyzes mobility patterns during the COVID-19 pandemic for eight large Latin American cities. Indicators of mobility by socioeconomic status (SES) are generated by combining georeferenced…
May 2021
This paper examines new data on public sector employees from 18 Latin American countries to shed light on the role of trust in the performance of government agencies. We developed an original survey…
Apr 2021
We investigate the relation between existing fiscal rules and investments in the context of a fiscal crisis in Brazil. We analyze existing fiscal rules at national and subnational levels, their…
Dec 2020
This study assesses the empirical relevance of the Harris-Todaro model at high levels of urbanization a feature that characterizes an increasing number of developing countries, which were largely…
Nov 2020
Latin American governments swiftly implemented income assistance programs to sustain families' livelihoods during COVID-19 stay-at-home orders. This paper analyzes the potential coverage and…
Jul 2020
This paper studies the links between competition in the lending market and spreads of bank loans in Brazil. Evidence from a dataset of more than 13 million loan-level observations from private banks…
Dec 2019
This paper develops a dynamic model of competitive equilibrium in electricity markets with thermal, hydro and intermittent power sources. Thermal generators have positive and increasing costs and use…
Apr 2019
Brazil has had a long period of high inflation. It peaked at around 100 percent per year in 1964, decreased until the first oil shock (1973), but accelerated again after ward, reaching levels above…