Showing 1 - 9 of 9
This paper examines how the combination of indebtedness and exogenous shocks induce volatility for the countries of Latin America. A techique for simulating the impact of shocks on the costs of external indebtedness and the response of fiscal policies in adjustment to such shocks is presented...
Persistent link: https://www.econbiz.de/10010944033
The topics covered in the chapters of the report were presented and discussed in a conference organized by the IDB in Port of Spain on July 13th, 2004. After more than a decade of economic growth and despite encouraging prospects for the future, the Trinidad and Tobagp economy remains overly...
Persistent link: https://www.econbiz.de/10010943576
The growth prospects of a nation are stymied by the burden of government debt. This study has two goals: first, it tests whether public debt hinders growth; and, second, it explores whether economic policy ameliorates this effect. A large panel data of countries for 1970-2010 reveal a negative...
Persistent link: https://www.econbiz.de/10010943753
This paper considers whether institutional factors, in this instance electoral systems and procedures, affect Latin American countries' fiscal performance as measured by the size of the public sector, fiscal deficits, the size of the public debt, and the degree of procyclality of fiscal policy....
Persistent link: https://www.econbiz.de/10010944009
This paper assesses the effects of total public debt (external and domestic) on social expenditure worldwide and in Latin America using an unbalanced panel of around 50 countries for the period 1985-2003. The most robust and important finding is that higher debt ratios do reduce social...
Persistent link: https://www.econbiz.de/10010944143
The topics covered in the chapters of the report were presented and discussed in a conference organized by the IDB in Port of Spain on July 13th, 2004. After more than a decade of economic growth and despite encouraging prospects for the future, the Trinidad and Tobagp economy remains overly...
Persistent link: https://www.econbiz.de/10010772498
In this policy brief, we focus on the debates surrounding what has been called the "silent debt crisis" of the Caribbean. We discuss the level of debt at which the relation with economic growth turns from positive to negative. We also discuss, illustrated with simulations of the tradeoffs, how...
Persistent link: https://www.econbiz.de/10010719966
This paper analyses the dynamics of policy-making among the various political institutions in Brazil. The authors find … that the driving force behind policies in Brazil is the strong set of powers given to the President, though several … office, state governors and the Constitution itself. The electorate of Brazil holds the President accountable for economic …
Persistent link: https://www.econbiz.de/10010943803
A tax reform process is now in course in Brazil. It started in 1995, when the President of the Republic presented to …
Persistent link: https://www.econbiz.de/10009194003