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A Decade of Reform in Latin America : Has it Delivered Lower Volatility?
Gavin, Michael - 2014
Have the economies of Latin America become less volatile as a result of the economic stabilization and structural reforms implemented during the past decade? The answer is a qualified “yes. ” The reforms have helped, but more needs to be done to ensure the macroeconomic stability required...
Persistent link: https://www.econbiz.de/10013068189
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What Makes Reforms Likely? Timing and Sequencing of Structural Reforms in Latin America
Lora, Eduardo A. - 2011
theoretical literature on the political economy of reform, i. e. , the study of the political constraints that condition the …
Persistent link: https://www.econbiz.de/10013126460
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Fiscal Policy and the Business Cycle Associated with Exchange Rate-Based Stabilizations : Evidence from Uruguay's 1978 and 1991 Programs
Talvi, Ernesto - 2011
deterioration of the trade balance and the current account, and an appreciation of the real exchange rate. It is only at the later … stages that the economy falls into recession. Tax revenues are linked to consumption (through the VAT, sales taxes, and …
Persistent link: https://www.econbiz.de/10013126564
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Budgeting for Results in Latin America : Conditions for its Deployment and Development
Filc, Gabriel - 2012
Given current evidence of potential tangible benefits, in terms of public expenditure sustainability, efficiency and effectiveness, from more efficient utilization of budgeting for results, how can we explain the uneven development of this process in Latin America and the Caribbean? This paper...
Persistent link: https://www.econbiz.de/10013100532
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Budget Institutions and Fiscal Performance in Latin America
Alesina, Alberto F. - 2011
In this paper detailed information on the budget institutions of Latin American countries is collected. These …
Persistent link: https://www.econbiz.de/10013126490
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Managing Fiscal Policy in Latin America and the Caribbean : Volatility, Procyclicality, and Limited Creditworthiness
Gavin, Michael - 2011
Latin America is volatile--about two to three times as volatile as the industrial economies. It is more volatile than any region other than Africa and the Middle East. Latin America`s access to international financial markets is sporadic, and often disappears just when it would be most valuable
Persistent link: https://www.econbiz.de/10013126501
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Who Decides the Budget? A Political Economy Analysis of the Budget Process in Latin America
Scartascini, Carlos - 2015
This book presents a new framework for analyzing the political economy of budget processes in Latin America that is … based on the following premises: i) the budget process must be considered as part of the overall policymaking process rather … than in isolation; ii) budget outcomes cannot be fully explained on the basis of only one or two political or institutional …
Persistent link: https://www.econbiz.de/10013028939
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Macroeconomic and Financial Consequences of the Post-Crisis Government-Driven Credit Expansion in Brazil
Bonomo, Marco - 2015
recent financial crisis. However, government credit concessions continued to expand after the economy recovered. This paper …
Persistent link: https://www.econbiz.de/10013025929
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Structural Reforms in Brazil : Progress and Unfinished Agenda
Ter-Minassian, Teresa - 2012
debt restructuring program for subnational governments, the reduction of trade barriers, a wave of privatizations, and the …
Persistent link: https://www.econbiz.de/10013104036
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Debt Sustainability Under Catastrophic Risk : The Case for Government Budget Insurance
Cavallo, Eduardo A. - 2014
Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has the lowest levels of insurance coverage. This paper examines the vulnerability of Belize's public finance to the occurrence of hurricanes...
Persistent link: https://www.econbiz.de/10013068155