Déficits fiscales que en promedio son apenas 1,4% del PIB, coeficientes de endeudamiento a la baja, cancelaciones anticipadas de las deudas con el Fondo Monetario Internacional y recompras masivas de los títulos Brady, que hace quince años fueron la última tabla de salvación para los...

Starting in the 1980s, China’s economic growth has been characterized by a rapid acceleration. Even though the Asian financial crisis caused China’s growth to decelerate somewhat, the very high growth rates that picked up again in 2000 have more than doubled per-capita income and total GDP...

This paper was prepared for the 1998 IDB/IIC Annual Meeting entitled: The Employment in Latin America: What is the Problem and Should it be Addressed? held in Cartagena, Colombia in March 1998. Despite macroeconomic stabilization and structural reforms, employment problems have persisted in...

This paper assesses the effects of total public debt (external and domestic) on social expenditure worldwide and in Latin America using an unbalanced panel of around 50 countries for the period 1985-2003. The most robust and important finding is that higher debt ratios do reduce social...

This paper assesses how electoral outcomes in both presidential and legislative elections in Latin America have been affected by the adoption of economic policies that seek to improve macroeconomic stability and facilitate the functioning of markets. The database includes 17 Latin American...

This paper was prepared for the 1998 IDB/IIC Annual Meeting entitled: The Employment in Latin America: What is the Problem and Should it be Addressed? held in Cartagena, Colombia in March 1998. Despite macroeconomic stabilization and structural reforms, employment problems have persisted in...