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Simplification of labor registration in Argentina: Achievements and pending issues

Ronconi, Lucas; Colina, Jorge - 2011

This paper describes the reforms aimed at simplifying the administrative procedures for labor registration and the … simplification reforms had a positive, although limited, effect on the labor registration rate (of approximately two percentage … improving its effectiveness as a labor registration promotion mechanism. …

Persistent link: https://www.econbiz.de/10011314073

Inflation Targeting in Colombia, 2002-2012

Urrutia, Miguel; Hofstetter Gascón, Marcel; Hamann S., … - 2014

After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the...

Persistent link: https://www.econbiz.de/10011314133

Macroeconomic Effects of Chinas Fiscal Stimulus

Cova, Pietro; Pisani, Massimiliano; Rebucci, Alessandro - 2010

This paper analyzes the macroeconomic impact of China's 2009-2010 fiscal stimulus package by simulating a dynamic general equilibrium multi-country model of the world economy, showing that the effects on China's economic activity are sizeable: absent fiscal stimulus China's GDP would be 2.6 and...

Persistent link: https://www.econbiz.de/10010328105

Normative fiscal policy and growth: Some quantitative implications for the Chilean economy

Espino, Emilio; Gonzalez-Rozada, Martín - 2013

This paper explores the qualitative and quantitative implications of optimal taxation in a developing economy when economic growth is endogenously determined. We differentiate this class of economies from a developed economy in two aspects: informal sector is quantitatively significant and...

Persistent link: https://www.econbiz.de/10011314120

On the Implications of Taxation for Investment, Savings and Growth: Evidence from Brazil, Chile and Mexico

Espino, Emilio; González-Rozada, Martín - 2015

This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where the domestic interest rate depends on the level of...

Persistent link: https://www.econbiz.de/10011314181

Fiscal rule and public investment in Chile

Fuentes S. M., J. Rodrigo; Schmidt-Hebbel, Klaus; Soto, … - 2021

This paper reviews the design and operation of the Chilean fiscal rule in the past 30 years. Using different empirical approaches, we assess its impact on fiscal procyclicality, public debt, and public investment. While there has been substantial progress in building a modern institutional...

Persistent link: https://www.econbiz.de/10012604860

Fiscal rules and economic cycles: Quality (always) matters

Andrián, Leandro; Hirs-Garzón, Jorge; Urrea, Iván; … - 2023

Governments can issue public debt for both good and bad reasons. The former include intertemporal tax smoothing, fiscal stimulus, and asset management. In contrast, the bad reasons, which generate higher indebtedness, are mainly associated with political cycles, rent capture, intergenerational...

Persistent link: https://www.econbiz.de/10014518205

Fiscal rules and optimal currency composition of sovereign debt in emerging economies

Valencia, Oscar M.; Rodriguez, Luis Alberto; Siachoque, … - 2023

Total public debt in most emerging markets grew before and after the pandemic with a sizable share in foreign currency. Along this trend, interest payments increased even in the presence of active fiscal rules in some countries. How should debt management of public debt be set under a fiscal...

Persistent link: https://www.econbiz.de/10014518235

Origins of Latin American inequality

Eslava, Francisco; Caicedo, Felipe Valencia - 2023

How deep are the roots of Latin America's economic inequalities? In this chapter we survey both the history and the …

Persistent link: https://www.econbiz.de/10014564048

The impact of expanding worker rights to informal workers: Evidence from child labor legislation

Lakdawala, Leah K.; Heredia, Diana Martínez; Cossío, … - 2023

We study the effects of a Bolivian law that introduced benefits and protections for child workers (who are overwhelmingly informal workers) and lowered the de facto legal working age from 14 to 10. We employ a difference-in-discontinuity approach that exploits the variation in the law's...

Persistent link: https://www.econbiz.de/10014518138

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