Feb 2015
Author(s): Avellán, Leopoldo;Vuletin, Guillermo
Government spending in the developing world has historically been procyclical. Traditional explanations for this have mostly revolved around the explicit or implicit notion that fiscal procyclicality…
Nov 2012
Author(s): Fernández, Jorge;Miller, Sebastián J.
The effectiveness of carbon markets in the reduction of emissions at minimal cost requires several conditions. In a dynamic context the inter-temporal dimension adds new conditions for the desirable…