Sep 2017
Author(s): Panizza, Ugo
The paper shows that international government borrowing from multilateraldevelopment banks is countercyclical while international government borrowing form private sector lenders is procyclical. The…
Apr 2007
Author(s): Sheehan, Jerry
Governments in many countries are devoting increased attention to bolstering business innovation capabilities. This interest reflects growing recognition of the importance of innovation in driving…
Apr 2007
Author(s): Sheehan, Jerry
This presentation discusses the use of incentives to foster innovation in the private sector. It includes a discussion of supporting and funding R&D in the business sector; the use of tax…
Apr 2007
Author(s): Sheehan, Jerry
El presente artículo brinda un breve panorama general de los instrumentos de política para apoyar la innovación empresarial, con el fin de identificar las ventajas y desventajas que implican el…
Apr 2007
Author(s): Sheehan, Jerry
Esta presentación trata sobre el uso de incentivos para fomentar la innovación en el sector privado. Se incluye una descripción del apoyo y la financiación de I+D en el sector empresarial, el uso de…
Mar 2007
Author(s): Panizza, Ugo; Jaimovich, Dany
There is a large literature showing that fiscal policy is either acyclical or countercyclical in industrial countries and procyclical in developing countries. Most of this literature is based on OLS…
Jan 2007
Author(s): Galindo, Arturo; Scartascini, Carlos; Payne, J. Mark; Daughters, Robert; Melo, Alberto; Echebarría, Koldo; Lora, Eduardo; Filc, Gabriel; Micco, Alejandro; Chong, Alberto E.; Panizza, Ugo; Benavides, Juan; Magaldi de Sousa, Mariana; Navarro, Juan Carlos; Márquez, Gustavo; Cortázar Velarde, Juan Carlos; Mesa-Lago, Carmelo; Harper, Leslie; Rodríguez-Clare, Andrés; Perusia, Juan Cruz
Latin America suffered a profound state crisis in the 1980s, which prompted not only the wave of macroeconomic and deregulation reforms known as the Washington Consensus, but also a wide variety of…
Aug 2004
Author(s): Díaz Alvarado, Carlos; Izquierdo, Alejandro; Panizza, Ugo
This paper surveys the recent literature on fiscal sustainability, with particular emphasis on emerging market countries. It discusses the main elements that differentiate emerging market countries…
Aug 1999
Author(s): Panizza, Ugo
Cross-country studies have found a negative relationship between income inequality and economic growth. The main problem with the cross-country analyses is the poor quality of the data on income…