Dec 2018
This paper discusses the main issues concerning sovereign fiscal and financial risks from public–private partnerships (PPPs) with a focus on contingent liabilities (CLs). It is based on the…
Dec 2018
The divergence in the development of the countries that correspond to the Inter-American Development Bank’s Caribbean Country Department and the Organisation of Eastern Caribbean States (OECS)…
Dec 2018
The Barbados economy has been challenged over the last decade by elevated fiscal deficits and a rapid build-up in debt. While the country has made efforts to address this challenge through revenue…
Nov 2018
Fiscal councils are among the most recent innovations in terms of the architecture of fiscal institutions. This paper provides an overview of the history and evolution of these institutions, research…
Oct 2018
This paper describes the FMM-MTFF model, a dynamic stochastic general equilibrium model developed by the Fiscal Management Division (FMM) of the Inter-American Development Bank (IDB) to support the…
Oct 2018
Public spending has climbed in Latin America and the Caribbean. Riding a commodity windfall and low interest rates, many governments in the region tried to spend their way into the future.…
Sep 2018
While countries in the Caribbean are highly diverse, several common development challenges emerge, including weak fiscal institutions, crime and violence, a sluggish private sector, weak productive…
Sep 2018
The book explores the historical development and status of political and economic institutions in The Caribbean. The Caribbean institutional reality is studied vis-à-vis best international practices…
Aug 2018
Policies are not designed and implemented by a social planner but are determined through a political process, based on the policymakers' preferences, beliefs and the constraints provided by…
Aug 2018
A number of policy discussions in macroeconomics have to do with the impact of commodity price fluctuations on fiscal policy in commodity exporting countries. Commodity price movements, however, have…
Aug 2018
We exploit a hidden Markov model where inflation is determined by government deficits financed through money creation and/or by destabilizing expectations dynamics (expectations can potentially…
Aug 2018
El envejecimiento poblacional que caracterizará la evolución demográfica de los países latinoamericanos en las próximas décadas es probable que vaya acompañado de presiones para incrementar el gasto…
Jun 2018
This policy brief presents a summary of the country development challenges.
Jun 2018
This policy brief presents a summary of the development challenges facing the country.
Jun 2018
Este resumen de política presenta una síntesis de los desafíos de desarrollo que enfrenta Colombia.
Jun 2018
This Policy Brief examines The Bahamas’ Fiscal Responsibility Bill 2018, juxtaposing it against some standard principles that typically guide the formation of a fiscal responsibility framework. Key…
Jun 2018
This policy brief presents a summary of the development challenges that the country faces
Jun 2018
Este policy brief presenta un resumen de los desafios de desarrollo que enfrenta el país.
Jun 2018
This policy brief presents a summary of the development challenges facing the country.
Jun 2018
Este policy brief presenta un resumen de los desafíos de desarrollo que enfrenta el país.