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How Will the Food Price Shock Affect Inflation in Latin America and the Caribbean?

Lora, Eduardo A. - 2011

food prices and inflation. This note assesses the impact of the recent food price shock on food, non-food and consumer … inflation in the countries of Latin American and the Caribbean (LAC). Vector Autoregressive Regressions (VARs) are estimated for … that, due to the food price surge, increases in inflation could exceed 5 percentage points in Bolivia, Dominican Republic …

Persistent link: https://www.econbiz.de/10013124214

Forecasting Inflation Risks in Latin America : A Technical Note

Mariscal, Rodrigo - 2012

There are many sources of inflation forecasts for Latin America. The International Monetary Fund, Latin Focus, the … Economist Intelligence Unit and other consulting companies all offer inflation forecasts. However, these sources do not provide … any probability measures regarding the risk of inflation. In some cases, Central Banks offer forecast and probability …

Persistent link: https://www.econbiz.de/10013104037

Is Inflation Targeting Still on Target? The Recent Experience of Latin America

Cespedes, Luis Felipe - 2013

This paper reviews the recent experience of a half-dozen Latin American inflation targeting (IT) nations. Repeated and …

Persistent link: https://www.econbiz.de/10013081001

Procyclicality or Reverse Causality?

Jaimovich, Dany - 2011

There is a large literature showing that fiscal policy is either acyclical or countercyclical in industrial countries and procyclical in developing countries. Most of this literature is based on OLS regressions that focus on the correlation between a fiscal variable (usually the budget balance...

Persistent link: https://www.econbiz.de/10013126190

Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, or Less? Using Gravity to Establish Causality

Cavallo, Eduardo A. - 2013

Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in capital inflows, crashes in currencies, or severe recessions. Some believe that openness raises vulnerability to foreign shocks, while others believe that it makes adjustment to...

Persistent link: https://www.econbiz.de/10013093533

Inequality and Institutions

Chong, Alberto - 2011

This paper presents theory and evidence on the relationship between inequality and institutional quality. We propose a model in which the two dynamically reinforce each other and set out to test this relationship with a broad array of institutional measures. We establish double causality between...

Persistent link: https://www.econbiz.de/10013126360

Entry and Exit of Banks in Latin America and the Caribbean : Public Policy Concerns and a Proposed Solution

Benston, George J. - 2012

Banking authorities must resolve or otherwise deal with existing banks that are weak or insolvent without imposing costs on consumers or taxpayers. Two aspects of this concern should be delineated. First, how can banking regulations be structured so that the future exit of weak and insolvent...

Persistent link: https://www.econbiz.de/10013114864

China’s Emergence in the World Economy and Business Cycles in Latin America

Cesa-Bianchi, Ambrogio - 2011

This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission of international business cycles to Latin America. Evidence based on a GVAR model for five large Latin American economies shows that the long-term impact of...

Persistent link: https://www.econbiz.de/10013117518

Social Mobility in Latin America : A Review of Existing Evidence

Azevedo, Viviane M. R. - 2011

This paper reviews evidence on social mobility in Latin America. Several studies have used data sets that collect intergenerational socio economic information. The data, though limited, suggest that social mobility is low in the region, even when compared with low social mobility developed...

Persistent link: https://www.econbiz.de/10013126090

Crisis Response in Latin America : Is the "Rainy Day" at Hand?

Fernandez-Arias, Eduardo - 2011

This paper examines the countercyclical policy options available to Latin American countries in the face of the current global economic crisis, concluding that most of the major countries in the region appear to possess the fiscal space (as measured by credible fiscal sustainability and debt...

Persistent link: https://www.econbiz.de/10013126092

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