Publications

Smoldering Embers: Do State-Owned Enterprises Threaten Fiscal Stability in the Caribbean?

Feb 2022

Author(s): Reyes-Tagle, Gerardo;Musacchio, Aldo;Hosein, Roger;Wagner, Rodrigo;Pan, Carolina;Yu, Fernando; Park, Yery;Gookool, Rebeca;Escobar, Bernardita;La Cruz, Tamira;Araya, Sergio;Figueroa, Camila;Rosso, Lucas

This book examines the role of state-owned enterprises (SOEs) in contributing to the fiscal instability of the Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago (CCB6), with the…

The Output Effects of Fiscal Consolidations: Does Spending Composition Matter?

Dec 2021

Author(s): Ardanaz, Martín;Cavallo, Eduardo A.;Izquierdo, Alejandro;Puig, Jorge

This paper studies whether changes in the composition of public spending affect the macroeconomic consequences of fiscal consolidations. Based on a sample of 44 developing countries and 26 advanced…

Growth Recoveries (from Collapses)

Jul 2021

Author(s): Meneses, Juan Francisco;Saboin, José Luis

This paper analyzes the behavior of a long list of economic variables during episodes of recovery from an economic collapse. A set of stylized facts is proposed so as to depict what in this work is…

Vieja infraestructura financia nueva infraestructura: Un modelo de crecimiento de generaciones traslapadas para reciclaje de activos públicos

Mar 2021

Author(s): Muñoz, Roberto;Hinojosa, Sergio Alejandro;Mansilla, Patricio;Gómez Reino, Juan Luis;Reyes-Tagle, Gerardo

En el presente trabajo se modela la existencia de los llamados “activos reciclables” de infraestructura y se muestra cómo este tipo de activos contribuye al crecimiento económico. Entendemos los…