May 2021
This paper uses a model of intergenerational accounting to simulate the intergenerational distribution of oil wealth in Venezuela. Venezuelan oil production does not seem to follow an optimal…
May 2021
This paper presents projections for 18 Latin America and Caribbean countries of pensions and health expenditures over the next 50 years, compares them to advanced countries, and calculates estimates…
Apr 2021
Este informe compila estadísticas comparables de ingresos fiscales durante el período 1990-2019 para 27 economías de América Latina y el Caribe. Basado en la base de datos de Estadísticas de Ingresos…
Apr 2021
This report compiles comparable tax revenue statistics over the period 1990-2019 for 27 Latin American and Caribbean economies. Based on the OECD Revenue Statistics database, it applies the OECD…
Apr 2021
We investigate the relation between existing fiscal rules and investments in the context of a fiscal crisis in Brazil. We analyze existing fiscal rules at national and subnational levels, their…
Apr 2021
Este estudio presenta un análisis principalmente normativo desde dos perspectivas. Metodológicamente, analiza el estado actual de las funciones asignadas normativamente a los Ministerios de Hacienda…
Mar 2021
The year 2020 will be remembered as one of the most challenging in modern history. Latin America and the Caribbean lost 7.4% of GDP, the largest drop on record in a single year. The region is…
Mar 2021
El año 2020 será recordado como uno de los más difíciles de la historia moderna. América Latina y el Caribe experimentó una caída de 7,4% del PIBla mayor registrada en un solo año. Se prevé que la…
Mar 2021
La desigualdad de género es una realidad en la mayoría de las regiones del mundo, particularmente en los países en desarrollo (Banco Mundial, 2018). A su vez, la evidencia empírica nos muestra que el…
Mar 2021
This paper reviews the design and operation of the Chilean fiscal rule in the past 30 years. Using different empirical approaches, we assess its impact on fiscal procyclicality, public debt, and…
Mar 2021
This paper aims to provide evidence on the effects of fiscal rules on public investment, fiscal results and growth in Costa Rica and Panama. First, we find that the budget formulation process and the…
Feb 2021
2020 was an unprecedented year for Central America and the Dominican Republic. The effect of the global COVID-19 pandemic, exacerbated by the impact of Hurricanes Eta and Iota in some countries,…
Feb 2021
El 2020 fue un año sin precedentes para Centroamérica y República Dominicana. El efecto de la pandemia global del COVID-19, al que se sumó el de los huracanes Eta e Iota en algunos de los países,…
Feb 2021
This volume focuses on economic institutions defined as rules and organizational arrangements that, if they govern the design and implementation of fiscal and monetary policies, can better align…
Feb 2021
This document presents a comprehensive analysis of challenges and opportunities for promoting inclusive and sustainable development in Belize on a sectoral level, where rekindling faster, sustained…
Feb 2021
This paper analyzes the implementation of Fiscal Rules (FR) in Argentina. Several clear attempts to establish a FR at the national level are identified. The analysis suggests that the environment…
Jan 2021
This article has three goals. First, it describes the genesis of fiscal rules in Peru and its degree of compliance. Second, it estimates the effect of fiscal rules adoption on public investment. Last…
Jan 2021
Flexible fiscal rules include mechanisms to accommodate unexpected/exogenous shocks. In countries without fiscal rules, or with rigid rules (i.e., rules without flexible features), public investment…
Jan 2021
Las reglas fiscales flexibles incluyen mecanismos para acomodar shocks imprevistos/exógenos. En los países sin reglas fiscales o con reglas rígidas (es decir, reglas sin características flexibles),…
Dec 2020
Ante la crisis sanitaria del COVID-19 y su crisis económica asociada, Colombia está enfrentando múltiples desafíos sin precedentes en la historia moderna del país en términos de su magnitud y…