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This article has three goals. First, it describes the genesis of fiscal rules in Peru and its degree of compliance. Second, it estimates the effect of fiscal rules adoption on public investment. Last, it analyzes the impact of alternative fiscal rules on public investment and public debt...
Persistent link: https://www.econbiz.de/10012587002
average debt to GDP ratio in the Caribbean in 2017 was 76.6 percent, higher than the negative debt-growth threshold of 60 … across countries ranging from 0.5 percent to 11 percent. Using the inter-temporal budget constraint framework and various … countries over the period 1991-2017. The evidence from panel co-integration models of government revenue and expenditure shows …
Persistent link: https://www.econbiz.de/10012028426
How does monetary policy impact upon macroprudential regulation? This paper models monetary policy's transmission to bank risk taking, and its interaction with a regulator's optimization problem. The regulator uses its macroprudential tool, a leverage ratio, to maintain financial stability,...
Persistent link: https://www.econbiz.de/10011797689
We study the effects of the COVID-19 pandemic and the pension policy response on the private and public pension systems of Peru. We find that the policies allowing early withdrawals from the private pension balances imply a significant reduction in expected pension wealth by about 40 people, yet...
Persistent link: https://www.econbiz.de/10014494254
Using an impact evaluation methodology for interrupted time-series and the IDB Pension Projection Model, this study estimates that the COVID-19 pandemic could have notably effects on the private pension system in El Salvador as a consequence of the relaxation of requirements to repay early...
Persistent link: https://www.econbiz.de/10014494324
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challenges for the government will come from the rather sharp rise in inflation and deteriorating public finances. The balance of …
Persistent link: https://www.econbiz.de/10003899434
In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10009488633