This working paper tries to analyse the Spanish literature on Public Finance published during the first Third of the 20th Century. A History of Economic Thought approach has been adopted. The lack of research on this topic compelled us to identify the different authors, works and debates. This...

This paper aims to discuss the so-called Guano era from a financial analysis perspective. The target is set on the “Dreyfus contractâ€, as far as it meant a “turning point†in Peruvian’s fiscal policy. The sad end of such story was the Pacific’s war. As a...

El presente informe propone un nuevo contrato social, basado en el empleo y orientado a las aspiraciones de la vasta mayoría de la región, compuesta por personas de clase media cercanas a los niveles de pobreza, cuya participación es clave para lograr el crecimiento y fortalecimiento de la...

The aim of the paper is to evaluate the redistributive and stabilizing functions of the Spanish budget through the automatic stabilizers, applying methodologies developed by the literature about the economic effects of the fiscal federations. An analysis at an autonomous region level for the...

Peru is experiencing a deep political and fiscal decentralization process, especially since 2002. The newly created regional governments now share power and resources with the existing municipal governments as well as with the national or central government. The national government has...

This paper studies the evolution of the tax burden and its economic consequences in Cantabria (Burgos ancient province). The fiscal trend in XVI-XVII centuries is analyzed, taking into account the real value of the main Royal Finance revenues in terms of wheat fanegas per household. It also...

El objetivo de este trabajo es analizar el impacto que la entrada de inmigrantes tendrá sobre las cuentas de las Administraciones Públicas andaluzas y sobre la sostenibilidad a largo plazo de las actuales políticas de gasto público en Andalucía. Para ello, realizamos diferentes simulaciones...

This paper aims to contribute to the interpretation of the economic history of Uruguay during the first decades of the 20th century. Although there is abundant literature about this period, public finances still need in-depth study. We offer an overview of the fiscal budget of the Central...

This paper is aimed to provide a consistent theoretical framework for the decision making process of a consumer-investor in an environment of risk and uncertainty with constant volatility. In this research, the Wiener and Poisson processes play an essential role in modeling market risk and...

The optimal flat-rate fiscal structure is calculated in a two-sector endogenous growth model of the Mexican economy. Government expenditures would be financed by an income tax rate. If capital and labor income can be taxed at distinct rates, the optimal tax rate on wages would be zero. Holding...