Recent scholarship on the impact of fiscal institutions on budgeting outcomes in Latin American and Caribbean (LAC) countries indicates that political institutions impact the level of budget discipline. BuiIding upon this previous research, we argue that the principle problem that must be...

This paper analyses fiscal policy for several economies in Latin America, from the early nineties to the 2009 crisis. We present original estimates of cyclically-adjusted public revenues for Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Peru and Uruguay implementing the standardised...

This paper analyses fiscal policy for several economies in Latin America, from the early nineties to the 2009 crisis. We present original estimates of cyclically-adjusted public revenues for Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Peru and Uruguay implementing the standardised...

In this paper detailed information on the budget institutions of Latin American countries is collected. These institutions are classified on a hierarchical/collegial scale, as a function of the existence of constraints on the deficit and voting rules.

Latin America is a volatile, crisis-prone region, with limited and inadequate social insurance. Therefore, the long-term as well as the recent poor suffer significantly during crises. Furthermore, social spending is procyclical in the region, but less so than total spending, indicating that the...

Die asiatische Wirtschaftskrise ist ein Thema, mit dem sich mittlerweile zahlreiche Publikationen beschäftigt haben und noch beschäftigen. Das Spezifische des vorliegenden Bandes besteht darin, die Asienkrise als prominentes Beispiel einer regionalen Wirtschaftskrise anzusehen und nach...

Im Zusammenhang mit der Verabschiedung von Frau Prof. Dr. Ulrike Wendeling-Schröder aus dem aktiven Universitätsdienst veranstaltete das HSI am 1.10. 2013 in Kooperation mit der Leibniz-Universität Hannover einen Workshop zum Thema "Arbeitsbedingungen des Betriebsrats". Gegenstand des...

We infer determinants of Latin American hyperinflations and stabilizations by using the method of maximum likelihood to estimate a hidden Markov model that potentially assigns roles both to fundamentals in the form of government deficits that are financed by money creation and to destabilizing...