Dec 2018
Author(s): Umaña, Víctor
La actual publicación consiste en un análisis exhaustivo de la competitividad de los servicios digitales en El Salvador, con el fin de trazar una ruta para impulsar acciones dirigidas a promover su…
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): 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; 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): Suominen, Kati
Mercosur members have grown into Latin America’s digital leaders in the past decade. Online sales have grown much faster than national economies, retail, or foreign trade. Brazil generates 60 percent…
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): 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): Wenner, Mark D.; Deopersad, Chitralekha; Saghir, Lynn; Mejia, Camila; Gischler, Christiaan; Pavon, Fernando; Payne, Dana; Pecha, Camilo; Beepath, Vasu; Marray, Amanda
The first edition of The Next Wave magazine is meant to feature how the Caribbean Country Department is dedicated to creating vibrant and resilient economies in the Caribbean and how it is focused on…
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): Navarro, Juan Carlos
Taking full advantage of the opportunities brought by the digital economy requires transforming Latin American and Caribbean's productive sectors and firms. Digital technologies such as the…
Aug 2018
Author(s): Navarro, Juan Carlos
Aprovechar al máximo las oportunidades que ofrece la economía digital requiere transformar las empresas y los sectores productivos. La denominada cuarta revolución industrial surge a partir de la…
Aug 2018
Author(s): Meltzer, Joshua P.
This report outlines a range of reforms needed to develop a digital economy and to take advantage of digital trade opportunities. Many of the recommended reforms are domestic in nature, such as…
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…
Jun 2018
Author(s): Andrian, Leandro Gaston
Este resumen de política presenta una síntesis de los desafíos de desarrollo que enfrenta Colombia.
Jun 2018
Author(s): Andrian, Leandro Gaston
This policy brief presents a summary of the development challenges facing the country.