Nov 2018
Author(s): López-Luzuriaga, Andrea; Scartascini, Carlos
What happens when the tax authority increases enforcement in one tax with compliance in other taxes? The very little evidence available is not conclusive. This paper presents a very simple analytical…
Nov 2018
Author(s): Malamud, Ofer; Cueto, Santiago; Cristia, Julian P.; Beuermann, Diether
This paper provides experimental evidence for the impact of home internet access on a broad range of child outcomes in Peru. Children who were randomly chosen to receive laptops with high-speed…
Oct 2018
Author(s): Pessino, Carola; Izquierdo, Alejandro; Vuletin, Guillermo
Public spending has climbed in Latin America and the Caribbean. Riding a commodity windfall and low interest rates, many governments in the region tried to spend their way into the future.…
Oct 2018
Author(s): Pessino, Carola; Izquierdo, Alejandro; Vuletin, Guillermo
El gasto público ha aumentado en América Latina y el Caribe. Aprovechando las bajas tasas de interés y las ganancias extraordinarias de los productos básicos, muchos gobiernos de la región intentaron…
Sep 2018
Author(s): Coremberg, Ariel
La cuenta satélite de servicios de infraestructura (CSI) que se propone en esta Nota Técnica ofrece una nueva forma de abordar la prestación de los Servicios de Infraestructura (SI). Se trata de un…
Sep 2018
Author(s): Izquierdo, Alejandro; Pessino, Carola; Vuletin, Guillermo; Alaimo, Veronica; Serebrisky, Tomás; Suárez-Alemán, Ancor; Pastor, Cinthya; Elacqua, Gregory; Serrano, Rodrigo; Pinto, Diana M.; Cafagna, Gianluca; Giles Álvarez, Laura; Keefer, Philip; Scartascini, Carlos; Vlaicu, Razvan
Public spending has climbed in Latin America and the Caribbean. Riding a commodity windfall and low interest rates, many governments in the region tried to spend their way into the future.…
Sep 2018
Author(s): Izquierdo, Alejandro; Pessino, Carola; Vuletin, Guillermo; Alaimo, Veronica; Serebrisky, Tomás; Suárez-Alemán, Ancor; Pastor, Cinthya; Elacqua, Gregory; Serrano, Rodrigo; Pinto, Diana M.; Cafagna, Gianluca; Giles Álvarez, Laura; Keefer, Philip; Scartascini, Carlos; Vlaicu, Razvan
El gasto público ha aumentado en América Latina y el Caribe. Aprovechando las bajas tasas de interés y las ganancias extraordinarias de los productos básicos, muchos gobiernos de la región intentaron…
Sep 2018
Author(s): Busso, Matías; Fentanes, Oscar; Levy Algazi, Santiago
This technical note describes the methodology to construct a longitudinal dataset using the Economic Censuses of Mexico from 1999 to 2014. The procedure is based on an algorithm that links…
Sep 2018
Author(s): Ketterer, Juan Antonio; Powell, Andrew
Infrastructure financing “gaps” remain large but institutional investors maintain trillions of dollars in low yielding government bonds. One of the G20’s 2018 priorities has been to develop…
Aug 2018
Author(s): Flom, Hernán
Most Latin American countries face a systemic challenge in providing citizen security. In other words, the region’s current insecurity is not only the responsibility of state actors in isolation, but…
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…
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…
Jul 2018
Author(s): Libonatti, Luis
This paper presents a forecasting exercise that assesses the predictive potential of a daily price index based on online prices. Prices are compiled using web scrapping services provided by the…
Jun 2018
Author(s): Nuguer, Victoria; González Gómez, Andrés; Finkelstein-Shapiro, Alan; 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 2018
Author(s): Stein, Ernesto H.; Cornick, Jorge; Fernández-Arias, Eduardo; Rivas, Gonzalo
Productive development policies (PDPs) are notoriously hard. They involve a daunting level of technical detail, require public-private collaboration, are in constant danger of capture, and demand…
Jun 2018
Author(s): Berlinski, Samuel
We analyze the effects on teacher retention and between school mobility of a program that rewards excellence in pedagogical practice in Chile. Teachers apply voluntarily for the award and those who…
Jun 2018
Author(s): Garegnani, Lorena; Gómez Aguirre, Maximiliano
In 2016 the Central Bank of Argentina began to announce inflation targets. In this context, providing authorities with good estimates of relevant macroeconomic variables is crucial for making…
Jun 2018
Author(s): Fuertes, Alberto; Gimeno, Ricardo; Marqués, José Manuel
In this paper we estimate inflation expectations for several Latin American countries using an affine model that takes as factors the observed inflation and the parameters generated from zero-coupon…
May 2018
Author(s): Stein, Ernesto H.; Fernandez, Andres
We develop a methodology to construct real effective exchange rates that incorporate two distinctive elements not accounted for in the traditional measures: i) competition in third markets and ii)…
Apr 2018
Author(s): Mora Barrenechea, Mauricio; Heredia Gómez, Juan Carlos; Zeballos Coria, David
This paper analyzes the time-varying degree of inflation expectations anchoring in Bolivia and, more precisely, whether inflation expectations have been in line with the inflation objectives…