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Automatic Stabilization and Fiscal Policy: Some Quantitative Implications for Latin America and the Caribbean

Espino, Emilio; Rozada, Martín González - Inter-American Development Bank - 2012

This paper provides an estimation of the size of income and demand automatic stabilizers in a representative sample of … size of income and demand automatic stabilizers coefficients is much smaller than the size of these coefficients in Europe … income stabilization coefficient and two others affecting directly the demand stabilization coefficient. The main results …

Persistent link: https://www.econbiz.de/10010943765

Why Don't We Tax the Rich? Inequality, Legislative Malapportionment, and Personal Income Taxation around the World

Scartascini, Carlos G.; Ardanaz, Martín - Inter-American Development Bank - 2011

This paper argues that the details of political institutions help explain the low levels of personal income taxation … 1990 and 2007, this paper finds that i) countries with historically more unequal distributions of wealth and income … lower shares of personal income taxes in GDP. present higher levels of legislative malapportionment, and ii) higher levels …

Persistent link: https://www.econbiz.de/10010944479

2013 Latin American and Caribbean Macroeconomic Report: Rethinking Reforms: How Latin America and the Caribbean Can Escape Suppressed World Growth

Powell, Andrew - Inter-American Development Bank - 2013

Global growth projections have waned since last year and growth may be suppressed below potential for several years to come. Lower global growth will, all things being equal, imply lower growth in Latin America and the Caribbean. At the same time, clear limits to the potential use of monetary...

Persistent link: https://www.econbiz.de/10010672948

Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence?

Werneck, Rogério L.F.; Irwin, Timothy; Sturzenegger, … - Inter-American Development Bank

Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects...

Persistent link: https://www.econbiz.de/10010772370

Review of the Need for a General Capital Increase of the Ordinary Capital and Replenishment of the Fund for Special Operations: Progress and Next Steps

Inter-American Development Bank; Inter-American … - 2009

Presented the first paper on review of the need for a general capital increase of the ordinary capital and replenishment of the fund for special operations.

Persistent link: https://www.econbiz.de/10009198477

Equalizing Opportunities for Human Development (in One Country)

Roemer, John E. - Inter-American Development Bank - 2000

This study develops a framework to investigate the optimal allocation of a country's fiscal resources to help equalize opportunities for human development. The author argues that the proper role for policy is the pursuit of equality of opportunities as opposed to equality of outcomes. Because...

Persistent link: https://www.econbiz.de/10009350547