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Unemployement Protection for Informal Workers in Latin America and the Caribbean
Finkelstein-Shapiro, Alan; Sarzosa, Miguel - Inter-American Development Bank - 2012
We use a dynamic stochastic general equilibrium search and matching model with salaried employment and informal self-employment to analyze the implications of introducing universal unemployment protection for informal workers through transfers, which are conditional on participation in training...
Persistent link: https://www.econbiz.de/10010654168
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On the Credibility of Inflation Targeting Regimes in Latin America
Mariscal, Rodrigo; Powell, Andrew; Tavella, Pilar - Inter-American Development Bank - 2014
success of this regime may depend critically on the credibility of the target and the expectation that the authorities will … anchoring of expectations is interpreted as a gain in credibility. Also considered are the effects on the credibility of the … anchored over the whole sample period, credibility has risen, but at the same time the cost of breaching the target has grown. …
Persistent link: https://www.econbiz.de/10010944050
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Meaningful Talk
Streb, Jorge M.; Torrens, Gustavo - Inter-American Development Bank - 2015
is seen as a set of conventional signs that point to types, and the credibility of a message depends on the strategic …
Persistent link: https://www.econbiz.de/10011240348
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The Impact of the Business Cycle on Elasticities of Tax Revenue in Latin America
Machado, Roberto; Zuloeta, José - Inter-American Development Bank - 2012
This paper estimates short-run and long-run elasticities of tax revenue with respect to GDP in eight Latin American countries using quarterly data. Taxes considered are corporate income tax (CIT), personal income tax (PIT), value-added tax (VAT), and overall taxes. Results indicate that long-run...
Persistent link: https://www.econbiz.de/10010653135
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Elementos de sostenibilidad fiscal en países ricos en hidrocarburos: El caso de Bolivia
Zambrano, Omar; Aguilera-Lizarazu, Gabriela - Inter-American Development Bank - 2010
Este trabajo analiza el desempeño fiscal de Bolivia a la luz de la expansión y posterior contracción de los precios internacionales de los hidrocarburos entre 2005 y 2009. Se evalúa dicho desempeño desde el punto de vista de la posición estructural de la economía, es decir, descontando...
Persistent link: https://www.econbiz.de/10010654050
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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 Latin American and Caribbean (LAC) countries. The authors find that when a negative unemployment shock hits the economy, the size of income and demand automatic stabilizers...
Persistent link: https://www.econbiz.de/10010655023
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International Crises and Policy Responses in the Southern Cone
Borensztein, Eduardo; Castilleja, Liliana; Hernaiz, Daniel - Inter-American Development Bank - 2012
transparency, reduced price volatility and increased the credibility of monetary authorities. For countries to be able to implement …
Persistent link: https://www.econbiz.de/10010652946
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The Political Economy of Fiscal Policy: Survey
Eslava, Marcela - Inter-American Development Bank - 2006
This paper surveys the recent literature on the political economy of fiscal policy, in particular the accumulation of government debt. The authors examine three possible determinants of fiscal balances: opportunistic behavior by policymakers, heterogeneous fiscal preferences of either voters or...
Persistent link: https://www.econbiz.de/10010943717
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Aggregate Effects of a Universal Social Insurance Fiscal Reform
Antón, Arturo; Leal, Julio - Inter-American Development Bank - 2013
This paper analyzes the aggregate effects of a revenue neutral fiscal-cum-social policy reform in a typical developing country that consists of two main changes: (1) the implementation of universal social insurance to replace the current dual social protection system (i.e., a reconfiguration of...
Persistent link: https://www.econbiz.de/10010944039
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A Cycle-Adjusted Fiscal Rule for Sustainable and More Equitable Growth in Argentina
Zúñiga, Jimena; Capello, Marcelo; Butler, Inés; … - Inter-American Development Bank - 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/10010944174