Jan 2023
Author(s): Radics, Axel;Vázquez, Francisco;Pérez Benítez, Noel;Ruelas, Ignacio
The Outlook of Fiscal Relations among Levels of Government in Latin America and the Caribbean is a joint publication by the Inter-American Development Bank (IDB) and Economic Commission for Latin…
Jan 2023
Author(s): Carreño, Úrusla;Llempén, Zoila;Muñoz Miranda, Andrés
Building Information Modelling (BIM) es una innovación revolucionaria que, implementada adecuadamente, promete un importante ahorro en los gastos de infraestructura al facilitar la colaboración…
Dec 2022
Author(s): Ardanaz, Martín;Hübscher, Evelyne;Keefer, Philip;Sattler, Thomas
Why do individuals preferences for redistribution often diverge widely from their material self-interest? Using an original online survey experiment spanning eight countries and 12,000 respondents…
Nov 2022
Author(s): Pimenta, Carlos
La Gestión Financiera Pública (GFP) tiene un papel muy importante que cumplir en las políticas públicas, y debe alinear sus procesos y sistemas con los desafíos del clima y de la biodiversidad, en…
Nov 2022
Author(s): Andrian, Leandro Gaston;Valencia, Oscar;Hirs, Jorge;Urrea Rios, Ivan Leonardo
Governments can issue public debt for both good and bad reasons. The former include intertemporal tax smoothing, fiscal stimulus, and asset management. In contrast, the bad reasons, which generate…
Oct 2022
Author(s): Valencia, Oscar;Parra, Diego A.;Díaz, Juan Camilo
This paper provides a comprehensive early warning system (EWS) that balances the classical signaling approach with the best-realized machine learning (ML) model for predicting fiscal stress episodes…
Sep 2022
Author(s): Ardanaz, Martín;Hübscher, Evelyne;Keefer, Philip;Sattler, Thomas
Scholars have long struggled to understand why individual preferences for redistribution often diverge widely from their material self-interest. The puzzle is acute in Latin America, largely…
Sep 2022
Author(s): Pizarro, Rodrigo;Delgado, Raúl;Eguino, Huáscar;Pimenta, Carlos
Para alinear el gasto público con las estrategias nacionales de cambio climático y con los compromisos de mitigación asumidos en referencia a las contribuciones determinadas a nivel nacional (NDC,…
Sep 2022
Author(s): Valencia, Oscar;Ulloa-Suarez, Carolina
This paper introduces a dataset that gathers information on whether and how Latin America and the Caribbean (LAC) have complied with or deviated from implemented fiscal rules. It provides annual data…
Jul 2022
Author(s): Smoke, Paul;Gómez-Álvarez, David;Muñoz Miranda, Andrés;Radics, Axel
In early 2020, once the severity was recognized on a global scale, the COVID-19 pandemic quickly became the most immediately pressing crisis. In addition to the general demands the pandemic created…
Jul 2022
Author(s): Astudillo, Karen;Fretes Cibils, Vicente;Pessino, Carola;Rossignolo, Darío
Latin American and Caribbean countries have made efforts to ensure that fiscal policies do not cause biases toward women. However, depending on where the tax burden falls, taxes do create gender…
Jun 2022
Author(s): Pessino, Carola;Altinok, Nadir;Chagalj, Cristian
There is scant empirical economic research regarding the way that Latin American governments efficiently allocate their spending across different functions to achieve higher growth. While most papers…
May 2022
Author(s): Muñoz Miranda, Andrés;Calderón, Ana Cristina;González, Ubaldo;Pessino, Carola;Calijuri, Mónica;Reyes-Tagle, Gerardo;Ardanaz, Martín;Nicaretta, Romina
Este documento discute cómo la transformación digital de la gestión fiscal puede contribuir para fortalecer la sostenibilidad de las finanzas públicas, impulsar el crecimiento, económico y fomentar…
May 2022
Author(s): Barreix, Alberto Daniel;Bes, Martín;González, Ubaldo;Pineda, Emilio;Riccardi, Andrea
A finales de 2021, 137 países llegaron a un acuerdo para reformar aspectos internacionales del impuesto a la renta de sociedades (IS) y prevenir la erosión de la base imponible que permite la…
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): Gomez-Gonzalez, Jose E.;Uribe, Jorge M.;Valencia, Oscar
This paper studies volatility spillovers in credit default swaps (CDS) between the corporate sectors and Latin American countries. Daily data from October 14, 2006, to August 23, 2021, are employed.…
May 2022
Author(s): Garde, María José;Manatta, Zayda;Pineda, Emilio;De Michele, Roberto
The availability of beneficial ownership information on legal persons and arrangements is a key requirement of tax transparency and a key instrument in the fight against tax evasion and other…
May 2022
Author(s): Garde, María José;Manatta, Zayda;Pineda, Emilio;De Michele, Roberto
La disponibilidad de información sobre el beneficiario final de las personas e instrumentos jurídicos es un requisito fundamental de la transparencia fiscal y un instrumento clave en la lucha contra…
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…
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…