Jun 2022
Author(s): Mosqueira, Edgardo;Gaetani, Francisco;Lafuente, Mariano
This technical note benchmarks Brazils Ministry of the Economy (ME) value chains and macroprocesses against relevant management models and practices used by ministries of finance, economy, or…
May 2022
Author(s): Valencia, Oscar;Gomez-Gonzalez, Jose E.;Sánchez, Gustavo
This paper studies the effect of fiscal rules on debt affordability in a large set of developed and emerging market economies, using a panel data model which allows the inclusion of weakly exogenous…
May 2022
Author(s): Ardanaz, Martín;Bonet, Jaime Alfredo;Garson, Sol;Huanqui Valcárcel, Silvana;Muñoz Miranda, Andrés;Pérez, Gerson Javier;Slack, Enid
Cities are important drivers of productivity, innovation, and economic growth. To achieve their full economic potential, cities must deliver high-quality public services to their residents and…
Apr 2022
Author(s): Ter-Minassian, Teresa;Muñoz Miranda, Andrés
This paper focuses on the design of intergovernmental transfers to reduce vertical and horizontal fiscal imbalances and improve the performance of subnational governments. It provides an overview of…
Apr 2022
Author(s): Rao, Krishna D.;Vecino Ortiz, Andres Ignacio;Roberton, Tim;Lopez Hernandez, Angélica;Noonan, Caitlin
Latin American and Caribbean countries will face significant increases in future health expenditures. A variety of factors are responsible - population growth and aging, the epidemiological…
Apr 2022
Author(s): Cavallo, Eduardo A.;Galindo, Arturo;Nuguer, Victoria;Powell, Andrew
El crecimiento económico en América Latina y el Caribe en 2021 fue más robusto de lo esperado, pero disminuyó a principios de 2022. Los altos precios de las materias primas registradas por…
Apr 2022
Author(s): Cavallo, Eduardo A.;Galindo, Arturo;Nuguer, Victoria;Powell, Andrew
Economic growth in Latin America and the Caribbean was stronger than expected in 2021 but waned at the start of 2022. High commodity prices due to the war between Russia and Ukraine will provide a…
Mar 2022
Author(s): Barreix, Alberto Daniel;Bes, Martín;Fonseca, Oscar;Fonteñez, María;Morán, Dalmiro;Pineda, Emilio;Roca, Jerónimo
As the COVID-19 pandemic ends, the large fiscal imbalances will require Latin American and Caribbean (LAC) governments to pursue fiscal consolidation policies by increasing revenues and/or reducing…
Mar 2022
Author(s): Barreix, Alberto Daniel;Bes, Martín;Fonseca, Oscar;Fonteñez, María;Morán, Dalmiro;Pineda, Emilio;Roca, Jerónimo
A la salida de la pandemia los desequilibrios fiscales requerirán que en América Latina y el Caribe se implementen políticas de consolidación, aumentando los ingresos y/o reduciendo los gastos. En…
Mar 2022
Author(s): Inter American Development Bank;IDB Invest;IDB Lab
2021 was a year of economic recovery for the Central American region and the Dominican Republic. Although the recovery process has been widespread, it has unfolded at different speeds among countries…
Mar 2022
Author(s): Banco Interamericano de Desarrollo;BID Invest;BID Lab
El 2021 se ha consolidado como un año de recuperación económica para la región de Centroamérica y República Dominicana. Aunque el proceso de recuperación ha sido generalizado, se ha dado a diferentes…
Feb 2022
Author(s): Rosenblatt, David;Mooney, Henry;Clayton, Khamal;Ortiz de Mendívil, Cloe;McCaskie, Ariel;Gauto, Victor;Graham, Monique;Khadan, Jeetendra;Satnarine-Singh, Nirvana
Last year ended with incipient but fragile economic recoveries in most Caribbean economies. Relatively low vaccination rates remain a concern in the six countries covered by the Caribbean Country…
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…
Jan 2022
Author(s): Ardanaz, Martín;Cavallo, Eduardo A.;Izquierdo, Alejandro;Puig, Jorge
Si bien las consolidaciones fiscales tienden a ser contractivas, el tamaño de la caída del producto depende de la composición de los recortes del gasto público. Una consolidación fiscal del 1% del…
Jan 2022
Author(s): Ardanaz, Martín;Cavallo, Eduardo A.;Izquierdo, Alejandro;Puig, Jorge
Si bien las consolidaciones fiscales tienden a ser contractivas, el tamaño de la caída del producto depende de la composición de los recortes del gasto público. Una consolidación fiscal del 1% del…
Jan 2022
Author(s): Ayres, João
Las tasas de inflación están estrechamente relacionadas con la expansión de la base monetaria en Brasil en el período 1960-2016. Los persistentes déficits fiscales tuvieron como resultado…
Jan 2022
Author(s): Ayres, João
Las tasas de inflación están estrechamente relacionadas con la expansión de la base monetaria en Brasil en el período 1960-2016. Los persistentes déficits fiscales tuvieron como resultado…
Jan 2022
Author(s): Bonzi Teixeira, Augusto;Benavides, Juan;Rasteletti, Alejandro;Urrea Rios, Ivan Leonardo;Madrigal, Marcelino
Discussion paper and policy options for countries in the Latin America and Caribbean (LAC) region to manage the fiscal impact of the deployment of electromobility programs.
The publication…
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…
Sep 2021
Author(s): Valencia, Oscar;Arellano, Matheo;Angarita, Matilde
What is the potential impact of vaccination programs and different fiscal adjustment scenarios on countries after suffering the macro-fiscal effects of the pandemic? We calibrate a DSGE model with an…