Dec 2018
Author(s): Demaestri, Edgardo C.; Moskovits, Cynthia; Chiara, Jimena
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
Author(s): Schmid, Juan Pedro; Schwartz, Moises; Zegarra, Maria Alejandra; Wright, Allan; Giles Álvarez, Laura; Waithe, Kimberly; Gauto, Victor; Bollers, Elton; Mooney, Henry; Khadan, Jeetendra; Smets, Lodewijk
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
Author(s): Schmid, Juan Pedro; Waithe, Kimberly; Lorde, Kishmar
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
Author(s): Mooney, Henry; Wright, Allan; Grenade, Kari
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
Author(s): Suescún, Rodrigo
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
Author(s): Josling, Timothy; De Salvo, Carmine Paolo; Shik, Olga; Boyce, Rachel; Foster, William; Derlagen, Christian; Muñoz, Gonzalo; De los Santos, Jesús; Nuenninghoff, Sybille; Bayard, Budry; Gachot, Sebastien; Pavilus, Cleeford
This publication summarizes the agricultural policy analyses conducted in nine Caribbean countries (Suriname, Guyana, Haiti, Dominican Republic, Jamaica, Belize, Barbados, The Bahamas, and Trinidad…
Oct 2018
Author(s): Pessino, Carola; Izquierdo, Alejandro; Vuletin, Guillermo
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
Author(s): Schmid, Juan Pedro; Wright, Allan; Bollers, Elton; Khadan, Jeetendra; Smets, Lodewijk; Mooney, Henry; Giles Álvarez, Laura; Schwartz, Moises; Waithe, Kimberly; Deyal, Zubin; Gauto, Victor
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
Author(s): Beuermann, Diether; Schwartz, Moises; Schmid, Juan Pedro; Dippel, Christian; Schmidt-Hebbel, Klaus; Khadan, Jeetendra; Pecha, Camilo; Fajgenbaum, Jose; Loser, Claudio; Wright, Allan; Waithe, Kimberly; Bollers, Elton; Bonnett, Kevin; Wenner, Mark D.; Mejia, Camila; Mooney, Henry; Smets, Lodewijk
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…
Sep 2018
Author(s): Shik, Olga; Boyce, Rachel; De Salvo, Carmine Paolo; Gachot, Sebastien
Although agriculture and fisheries account for only 1.6% of the GDP of the Bahamas, they produce 3% of all jobs and are important for the diversification of the economy. The Government of the Bahamas…
Sep 2018
Author(s): Cannock, Geoffrey; De Salvo, Carmine Paolo; Muñoz, Gonzalo; Guillén, Angel; Infante, Betsy; Ordoñez, Romina; Derlagen, Christian; Egas, Juan José
El tratado de libre comercio entre los países de Centroamérica, República Dominicana y los Estados Unidos (DR-CAFTA), que entró en vigencia en el 2006, estipula un proceso de desgravación para los…
Sep 2018
Author(s): De los Santos, Jesús; Muñoz, Gonzalo; Egas, Juan José; De Salvo, Carmine Paolo; Dutra Schmidt, Tomas
Durante las primeras dos décadas del siglo, la economía de la República Dominicana experimentó tasas de crecimiento positivas por encima del promedio alcanzado por los países de la región. Durante…
Aug 2018
Author(s): Smets, Lodewijk
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
Author(s): Banco Interamericano de Desarrollo (BID)
Conexión INTAL informa sobre desarrollos en las áreas de integración y comercio en las regiones de América Latina y el Caribe. Esta edición se dedica al lanzamiento de la publicación del INTAL "…
Aug 2018
Author(s): Hernaiz, Daniel; Miller, Sebastián J.; Pedroni, Peter
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
Author(s): López-Martín, Bernabé; Ramírez de Aguilar, Alberto; Samano, Daniel
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
Author(s): Panadeiros, Monica; Pessino, Carola
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…
Jul 2018
Author(s): Banco Interamericano de Desarrollo (BID)
Conexión INTAL informa sobre desarrollos en las áreas de integración y comercio en las regiones de América Latina y el Caribe. Esta edición se dedica al seminario “Los algoritmos al servicio del agro…
Jun 2018
Author(s): von Hesse, Milton; Zavaleta, Claudia
Panamá ha tenido uno de los niveles de crecimiento más altos del mundo en el transcurso de la última década y cuenta con una economía basada principalmente en servicios, donde el aporte del sector…
Jun 2018
Author(s): Stein, Ernesto H.; Cornick, Jorge; Fernández-Arias, Eduardo; Rivas, Gonzalo
Productive development policies (PDPs) are notoriously hard. They involve a daunting level of technical detail, require public-private collaboration, are in constant danger of capture, and demand…