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Approach Paper: Country Program Evaluation: Belize 2008-2012 Title: Documento de enfoque: Evaluación del programa de país: Belice 2008-2012
Conroy, Hector; Puerta, Juan Manuel; Palma, Alejandra; … - Inter-American Development Bank - 2012
sustainability and calibrate its financing in accordance with changing country conditions. Rather than establishing specific sectors …
Persistent link: https://www.econbiz.de/10010673376
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Fiscal Space of Brazilian States
Bastos, Fabiano; Ayerbe, Emilio Pineda - Inter-American Development Bank - 2013
We estimate the fiscal space of Brazilian States defined as the difference between a State's actual debt and the theoretical debt limit implied by the historical behavior of its policymakers. We estimate fiscal reaction functions and debt limits using publicly available data between 2000 and...
Persistent link: https://www.econbiz.de/10010696057
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Fiscal Policy Issues in Jamaica: Budgetary Institutions, the Tax System and Public Debt Management
Artana, Daniel; Naranjo, Fernando - Inter-American Development Bank - 2003
This paper analyzes budgetary institutions, the tax system and public debt management in Jamaica. It explores the … whether the demanding fiscal path Jamaica is following can be put to risk by flaws in the institutional framework governing … resource allocation and is complementary to the growth strategy. Finally, it addresses debt sustainability questions under …
Persistent link: https://www.econbiz.de/10009206080
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Volatility, External Debt, and Fiscal Risk: Simulations of the Impact of Shocks on Fiscal Adjustment for Thirteen Latin American Countries
Kletzer, Kenneth - Inter-American Development Bank - 1997
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
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Debt Management in Latin America: How Safe Is the New Debt Composition?
Cavallo, Eduardo A. - Inter-American Development Bank - 2010
While public debt ratios in Latin America increased in 2009 amid the global financial crisis, they remain below levels reached following the Asian and Russian crises of the late 1990s. Moreover, debt composition has continued to shift towards "safer" debt (domestic debt with a higher prevalence...
Persistent link: https://www.econbiz.de/10010673472
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From Growth to Prosperity: Policy Perspectives for Trinidad and Tobago
Artana, Daniel; Thomas, Wendell; Rojas-Suárez, Liliana; … - Inter-American Development Bank
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
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Government Debt and Economic Growth
Calderón, César; Fuentes, J. Rodrigo - Inter-American Development Bank - 2013
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
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Institutional Arrangements and Fiscal Performance: The Latin American Experience
Stein, Ernesto H.; Talvi, Ernesto; Grisanti, Alejandro - Inter-American Development Bank - 1998
American countries' fiscal performance as measured by the size of the public sector, fiscal deficits, the size of the public … district magnitude and high political fragmentation have larger governments, larger deficits, and more procyclical fiscal … policies. Transparent and hierarchical budget procedures, on the other hand, lead to lower deficits and levels of debt. …
Persistent link: https://www.econbiz.de/10010944009
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Public Debt and Social Expenditure: Friends or Foes?
Lora, Eduardo; Olivera, Mauricio - Inter-American Development Bank - 2006
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
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Don't Talk to Me about Debt. Talk to Me about Growth
Ruprah, Inder J.; Melgarejo, Karl Alexander - Inter-American Development Bank - 2013
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