May 2022
Author(s): Martínez Fritscher, André;Mac Dowell, Maria Cristina;Ferreira, Soraya Naffah;Gazel, Ricardo
Este artigo analisa o impacto do Projeto de Modernização da Gestão Fiscal dos Estados (Profisco I), financiado pelo Banco Interamericano de Desenvolvimento, na arrecadação estadual, número de…
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…
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…
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): 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…
Jul 2021
Author(s): Meneses, Juan Francisco;Saboin, José Luis
This paper analyzes the behavior of a long list of economic variables during episodes of recovery from an economic collapse. A set of stylized facts is proposed so as to depict what in this work is…
Apr 2021
Author(s): Pessino, Carola;Ter-Minassian, Teresa
This paper presents projections for 18 Latin America and Caribbean countries of pensions and health expenditures over the next 50 years, compares them to advanced countries, and calculates estimates…
Apr 2021
Author(s): Pessino, Carola;Ter-Minassian, Teresa
En esta publicación se presentan las proyecciones del gasto público en pensiones y salud para los próximos 50 años para 18 países de América Latina y el Caribe (ALC), se incluyen estimaciones de la…
Mar 2021
Author(s): Gomez-Gonzalez, Jose E.;Valencia, Oscar;Sánchez, Gustavo
This paper studies the effect of implementing fiscal rules on sovereign default risk and on the probability of large capital ow reversals for a large sample of countries including both developed…
Oct 2020
Author(s): Eguino, Huáscar;Capello, Marcelo;Farfán Mares, Gabriel;Aguilar, Juan Carlos;Menéndez, Hugo
This study discusses the important role of subnational governments in public investment and analyzes the way it is managed. Specifically, it addresses the following: How important is decentralized…
Oct 2020
Author(s): Eguino, Huáscar;Capello, Marcelo;Farfán Mares, Gabriel;Aguilar, Juan Carlos;Menéndez, Hugo
Este estudio presenta la importancia que tienen los gobiernos subnacionales en la inversión pública y analiza la forma en que se lleva a cabo su gestión. Específicamente, las preguntas que guían el…
Jul 2020
Author(s): Garcimartín, Carlos;Larios, José;Astudillo, Jhonatan A.
Los limitados ingresos tributarios de Panamá y su reducida elasticidad al crecimiento, junto a los problemas de pobreza y desigualdad y el bajo gasto social, hacen necesario prestar atención a los…
May 2020
Author(s): Bastos, Fabiano;Feal-Zubimendi, Soledad;Hernaiz, Daniel;Miller, Sebastián J.;Queijo Von Heideken, Virginia;Rossi, José Luiz;Salazni, Mariana;Sánchez, Gabriel;Schijman, Agustina
Las políticas en implementación en la región para mitigar los efectos del COVID-19 se están pensando como mecanismos de apoyo de corto plazo, para asegurar niveles de ingresos a los más vulnerables y…
Apr 2020
Author(s): Bastos, Fabiano;Castellani, Francesca;Sánchez, Gabriel;Schijman, Agustina;Rossi, José Luiz;Hernaiz, Daniel;Miller, Sebastián J.;Feal-Zubimendi, Soledad;Queijo Von Heideken, Virginia
Este documento analiza el impacto de la pandemia de COVID-19 en los países prestatarios del Grupo BID en el Cono Sur (Argentina, Brasil, Chile, Paraguay y Uruguay).
Feb 2020
Author(s): Cavallo, Eduardo A.;Izquierdo, Alejandro;Ardanaz, Martín;Puig, Jorge
Fiscal adjustment episodes tend to be accompanied by large public investment cuts across countries, contributing to the well documented procyclical bias in public capital expenditures. We study…