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Between past and future of Latin America : lessons from Brazil, Chile, Costa Rica and the Dominican Republic
Cardoso, Eliana A. - 2010
This paper provides a synthesis of the four papers on the Latin American and Caribbean economies: Brazil, Chile, Costa …
Persistent link: https://www.econbiz.de/10008663075
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Cyclical Indicators of Fiscal Policy in Latin American Countries (with Special Reference to Chile)
Martner, Ricardo - 2012
years, pointing out that, except in the case of Chile, no mechanisms exist to ensure counter-cyclical fiscal policies. For … the potential gains from adopting counter cyclical rules, such as that introduced in Chile in 2000, are significant …. Finally, Martner describes Chile's successful experience with a rule requiring a surplus of 1 per cent of GDP on its …
Persistent link: https://www.econbiz.de/10013110704
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A cycle-adjusted fiscal rule for sustainable and more equitable growth in Argentina
Zúñiga, Jimena; Capello, Marcelo; Butler, Inés; … - 2013
This paper seeks to identify the most promising fiscal strategy to boost long-term economic growth in Argentina and quantify its effects. To this end, the authors updated a growth-diagnostics study for Argentina and corroborated that low appropriability of social returns and insufficient public...
Persistent link: https://www.econbiz.de/10011303821
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Output gaps and policy stabilisation in Latin America : the effect of commodity and capital flow cycles
Alberola, Enrique; Gondo, Rocio; Lombardi, Marco; … - 2016
Persistent link: https://www.econbiz.de/10011533745
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How do the tax burden and the fiscal space in Latin America look like? : evidence through Laffer Curves
Lozano-Espitia, Ignacio; Arias-Rodríguez, Fernando - In: Latin American economic review : LAER ; official … 30 (2021), pp. 1-26
economies of the region: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. Estimates are made using a neoclassical growth …
Persistent link: https://www.econbiz.de/10012817986
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Political cycles in Latin America : more evidence on the Brazilian economy
Costa, Celso José; García-Cintado, Alejandro; … - In: Latin American economic review : LAER ; official … 30 (2021), pp. 1-17
This paper aims to shed additional light on the existence of opportunistic and partisan political-business cycles in the Brazilian economy over the 1996-2016 period. To that end, it relies on two different approaches: (I) an Oaxaca model in the spirit of Blinder and Watson (2016); and (II) a...
Persistent link: https://www.econbiz.de/10012818003
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Fiscal policy challenges for Latin America during the next stages of the pandemic : the need for a fiscal pact
Cárdenas S., Mauricio; Ricci, Luca Antonio; Roldós, … - 2021
The fiscal policy response to the COVID-19 shock in most LAC countries was much larger than during the GFC, suggesting fiscal space was not as tight as expected. We argue that it is feasible and desirable, though not without risks, to embark in a more gradual consolidation path than currently...
Persistent link: https://www.econbiz.de/10012518923
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How big are fiscal multipliers in Latin America?
Restrepo L., Jorge Enrique - 2020
This paper uses the strategy and data of Blanchard and Perotti (BP) to identify fiscal shocks and estimate fiscal multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now common in the literature. It finds that, contrary to the...
Persistent link: https://www.econbiz.de/10012170143
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How do the tax burden and the fiscal space in Latin America look like? : evidence through Laffer curves
Lozano-Espitia, Ignacio; Arias-Rodríguez, Fernando - 2020
Persistent link: https://www.econbiz.de/10012318953
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Dealing with debt : less risk for more growth in Latin America and the Caribbean
Powell, Andrew (ed.); Valencia, Oscar M. (ed.) - 2023
Persistent link: https://www.econbiz.de/10014235368