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…
Aug 2010
Author(s): Agosin, Manuel R.; Stein, Ernesto H.; Guzmán, Rolando M.; Vergara, Rodrigo; Zuccardi, Igor; Barreix, Alberto Daniel; Roca, Jerónimo; Artana, Daniel; Bour, Juan Luis; Panadeiros, Monica; Chona, Gilberto; Pineda Mannheim, Carlos R.; Manzano, Osmel; Cuesta, Ana María; Vodusek, Ziga; Granados, Jaime; Opertti, Fabrizio; Illarieti C., Pablo A.; Gutiérrez Rocha, Mario; de Vicente, Jorge; Zegarra, Eduardo; Rufín, Carlos; Rodríguez-Balza, Rafael; Ripani, Laura; Mavridis, Dimitris; Godínez, Armando; Alfonso, Mariana; Schrank, Andrew; Beliz, Gustavo; Villa, Karelia; Estol Peixoto, Rosina
Esta obra es una publicación elaborada por el Banco Interamericano de Desarrollo para el diálogo de políticas con las autoridades de la República Dominicana. El objetivo de este trabajo consiste en…
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…
Apr 2006
Author(s): Artana, Daniel; Auguste, Sebastián; Bour, Juan Luis; Navajas, Fernando; Panadeiros, Monica; Guzmán, Rolando M.
El objetivo de este estudio es realizar una evaluación del gasto público en República Dominicana a fin de identificar los aspectos críticos y formular medidas concretas de reforma que permitan…
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…