Jan 2023
Author(s): Powell, Andrew;Valencia, Oscar
Debt has risen around the world, and Latin America and the Caribbean is no exception. Total debt has grown to US$5.8 trillion, or 117 percent of GDP, for the region and as much as 140 percent of GDP…
Jan 2023
Author(s): Powell, Andrew;Valencia, Oscar
La deuda ha aumentado en todo el mundo y América Latina y el Caribe no es la excepción. La deuda total ha crecido hasta alcanzar unos US$5,8 billones o el 117% del producto interno bruto (PIB) de la…
Jan 2023
Author(s): Powell, Andrew;Valencia, Oscar
O endividamento aumentou em todo o mundo, e a região da América Latina e Caribe no é exceção. A dívida total subiu para US$ 5,8 trilhes - ou 117% do PIB na região como um todo, chegando a 140% do PIB…
Jan 2023
Author(s): Powell, Andrew;Valencia, Oscar
Debt has risen around the world, and Latin America and the Caribbean is no exception. Total debt has grown to US$5.8 trillion, or 117 percent of GDP, for the region and as much as 140 percent of GDP…
Jan 2023
Author(s): Powell, Andrew;Valencia, Oscar
La deuda ha aumentado en todo el mundo y América Latina y el Caribe no es la excepción. La deuda total ha crecido hasta alcanzar unos US$5,8 billones o el 117% del producto interno bruto (PIB) de la…
Jan 2023
Author(s): Powell, Andrew;Valencia, Oscar
O endividamento aumentou em todo o mundo, e a regio da América Latina e Caribe no é exceço. A dívida total subiu para US$ 5,8 trilhes - ou 117% do PIB na regio como um todo, chegando a 140% do PIB no…
Jan 2023
Author(s): Radics, Axel;Vázquez, Francisco;Pérez Benítez, Noel;Ruelas, Ignacio
The Outlook of Fiscal Relations among Levels of Government in Latin America and the Caribbean is a joint publication by the Inter-American Development Bank (IDB) and Economic Commission for Latin…
Jan 2023
Author(s): González Jaramillo, María José
The governments response to the COVID-19 pandemic left Latin America and the Caribbean economies with increased levels of sovereign debt as a percentage of output, bringing up the question of debt…
Dec 2022
Author(s): Ardanaz, Martín;Hübscher, Evelyne;Keefer, Philip;Sattler, Thomas
Why do individuals preferences for redistribution often diverge widely from their material self-interest? Using an original online survey experiment spanning eight countries and 12,000 respondents…
Dec 2022
Author(s): Rosenblatt, David;Clayton, Khamal;Mooney, Henry;Ortiz de Mendívil, Cloe;McCaskie, Ariel;Gauto, Victor;Walters, Anna-Kaye;Graham, Monique;Teixeira, Gisele;Satnarine-Singh, Nirvana
Just as Caribbean economies are emerging from the sharp recessions associated with the COVID-19 pandemic, a confluence of external shocks now complicates the recovery. Commodity prices started…
Dec 2022
Author(s): León, John Jairo;Andrian, Leandro Gaston;Mondragón, Jorge
The dependence of many countries in the region on oil exports makes them vulnerable to oil price volatility. In particular, the sharp declines observed between 2014 and 2016 show how public finances…
Nov 2022
Author(s): Rodrigues Bastos, Fabiano;Gutiérrez, Diego;Queijo Von Heideken, Virginia
Global financial shocks under a revamped global financial landscape can produce unexpected, multi-faceted, and disruptive implications for emerging market economies. Using the VIX index as a proxy…
Nov 2022
Author(s): Andrian, Leandro Gaston;Valencia, Oscar;Hirs, Jorge;Urrea Rios, Ivan Leonardo
Governments can issue public debt for both good and bad reasons. The former include intertemporal tax smoothing, fiscal stimulus, and asset management. In contrast, the bad reasons, which generate…
Oct 2022
Author(s): Valencia, Oscar;Parra, Diego A.;Díaz, Juan Camilo
This paper provides a comprehensive early warning system (EWS) that balances the classical signaling approach with the best-realized machine learning (ML) model for predicting fiscal stress episodes…
Oct 2022
Author(s): Moore, Winston;Chueca, J. Enrique;Prado, Veronica R.;Carvalho Metanias Hallack, Michelle;Giles Álvarez, Laura
Barbados, through its Barbados National Energy Policy (BNEP) 2019-2030, announced its commitment to achieving 100 percent renewable energy and carbon neutrality by 2030. This commitment creates an…
Sep 2022
Author(s): Ardanaz, Martín;Hübscher, Evelyne;Keefer, Philip;Sattler, Thomas
Scholars have long struggled to understand why individual preferences for redistribution often diverge widely from their material self-interest. The puzzle is acute in Latin America, largely…
Sep 2022
Author(s): Valencia, Oscar;Ulloa-Suarez, Carolina
This paper introduces a dataset that gathers information on whether and how Latin America and the Caribbean (LAC) have complied with or deviated from implemented fiscal rules. It provides annual data…
Jul 2022
Author(s): Smoke, Paul;Gómez-Álvarez, David;Muñoz Miranda, Andrés;Radics, Axel
In early 2020, once the severity was recognized on a global scale, the COVID-19 pandemic quickly became the most immediately pressing crisis. In addition to the general demands the pandemic created…