Dec 2013
Author(s): Alvaredo, Javier; Bonvecchi, Alejandro; Calvo, Ernesto; Castillo Carrillo, Maximiliano; Bonilla-Castro, Elssy; Gómez Sabaini, Juan C.
Although recent research has shed new light on the political determinants and economic consequences of tax lawmaking, existing analyses rely on coarse data measuring political aggregates.…
Dec 2013
Author(s): Oviedo, Marcelo P.; Andrian, Leandro Gaston
When it comes to assess the sustainability of fiscal policy and public debt in Andean countries, two idiosyncratic facts of fiscal revenues have to be considered. First, fiscal revenues coming from…
Nov 2013
Author(s): Varea, Marco; Santiso, Carlos
In the past decade, parliaments have shown increasing activism in the budget process by demanding more information about the government's performance in managing public resources. Nevertheless,…
Nov 2013
Author(s): Pizzolon, Fiorella; Rasteletti, Alejandro
This document assesses the advantages and disadvantages of using different methodologies to estimate Uruguay's structural fiscal balance. Results indicate that disaggregated methods or methods…
Oct 2013
Author(s): Bosch, Mariano; Melguizo, Ángel; Pagés, Carmen
The Latin America and Caribbean (LAC) region has reduced its inequality and poverty, and is looking towards the future with greater optimism than in the past. As the region grows, new problems appear…
Oct 2013
Author(s): Bosch, Mariano; Melguizo, Ángel; Pagés, Carmen
América Latina y el Caribe (ALC) ha reducido su desigualdad y su pobreza, y enfrenta las próximas décadas con mayor optimismo que en el pasado. Conforme la región crece, aparecen nuevos problemas a…
Oct 2013
Author(s): Bosch, Mariano; Melguizo, Ángel; Pagés, Carmen
América Latina e Caribe (ALC) reduziram sua desigualdade e sua pobreza e enfrentarão as próximas décadas com maior otimismo do que no passado. Conforme a região cresce, aparecem novos problemas que…
Oct 2013
Author(s): Zúñiga, Jimena; Capello, Marcelo; Butler, Inés; Grión, Nester
This paper seeks to identify the most promising fiscal strategy to boost long-term economic growth in Argentina and quantify its effects. To this end, the authors updated a growth-diagnostics study…
Oct 2013
Author(s): Calderón, César; Fuentes, J. Rodrigo
The growth prospects of a nation are stymied by the burden of government debt. This study has two goals: first, it tests whether public debt hinders growth; and, second, it explores whether economic…
Oct 2013
Author(s): Izquierdo, Alejandro; Loo-Kung, Rudy; Navajas, Fernando
América Central vive un momento particular de altos déficits fiscales y bajísimos costos de financiamiento externo dada la abundante liquidez internacional. La bonanza financiera ha dado un respiro,…
Oct 2013
Author(s): Sanginés, Mario; Prats Cabrera, Joan Oriol; Pimenta, Carlos; García Osío, Gustavo; Martínez Guzman, Juan Pablo; Marcel, Mario; Farias, Pedro; Crespi, Gustavo; Chrisney, Martin D.; Corbacho, Ana
The Fiscal Institutions of Tomorrow, the first publication in the series Institutions for People, addresses issues of public management that are key to economic development in Latin America and the…
Oct 2013
Author(s): Baxter, Sasha; Nugent, Stevonne; Dukharan, Marla; Melgarejo, Karl Alexander; Mercer-Blackman, Valerie; Ruprah, Inder J.; Salazni, Mariana; Kamau, Musheer O.; Schmid, Juan Pedro; Clarke, Dillon; Thomas, Chrystol; O'Brien, Cherran
The Caribbean Region Quarterly Bulletin discusses recent economic developments and analyzes the topic of energy for the 6 IDB-member Caribbean countries, as well as the Organization of Eastern…
Sep 2013
Author(s): Andrian, Leandro Gaston; Mercer-Blackman, Valerie; Presbitero, Andrea; Rebucci, Alessandro
High government debts, weak economic growth, vulnerability to external shocks and the design of sound fiscal consolidation strategies are among the most critical issues that some of the Caribbean…
Sep 2013
Author(s): Valencia, Oscar; Cifuentes, Paula; Cavallo, Eduardo A.; Borensztein, Eduardo
Instruction Manual for Version 2. 0 of the IDB Debt Sustainability Template. The updated Template includes a new interface, more analytical functions, and greater flexibility for the researcher.
Sep 2013
Author(s): Valencia, Oscar; Cifuentes, Paula; Cavallo, Eduardo A.; Borensztein, Eduardo
Manual de Instrucciones de la Versión 2. 0 del Template de Sostenibilidad de Deuda del BID. El Template incluye una nueva interface, más funciones analíticas, y mayor flexibilidad para el…
Sep 2013
Author(s): Ruprah, Inder J.; Melgarejo, Karl Alexander
In this policy brief, we focus on the debates surrounding what has been called the "silent debt crisis" of the Caribbean. We discuss the level of debt at which the relation with economic…
Sep 2013
Author(s): Rasteletti, Alejandro; Pineda, Emilio; Hernaiz, Daniel
Este documento analiza las ventajas y desventajas de utilizar reglas fiscales que no consideren la inversión pública en las metas establecidas. El documento también presenta la experiencia…
Sep 2013
Author(s): Espino, Emilio; González Rozada, Martín
This paper explores the qualitative and quantitative implications of optimal taxation in a developing economy when economic growth is endogenously determined. We differentiate this class of economies…
Aug 2013
Author(s): Scartascini, Carlos; Ardanaz, Martín
According to an influential theoretical argument, presidential systems tend to present smaller governments because the separation between those who decide the size of the fiscal purse and those who…
Aug 2013
Author(s): Bastos, Fabiano
We estimate the fiscal space of Brazilian States defined as the difference between a State's actual debt and the theoretical debt limit implied by the historical behavior of its policymakers. We…