We provide an update on the impact the COVID-19 pandemic on the demand for cash and the use of methods of payment based on data from the Bank Note Distribution System and from consumer surveys conducted in April and August 2021. Our key findings are as follows: Cash in circulation remained high...

This paper examines the macroeconomic policies and outcomes experienced by the Latin American economies during the period 1990-2010. Macroeconomic policies refer to exchange rates, monetary and aggregate fiscal policies, while macroeconomic outcomes, on the other hand, refer to the patterns of...

Financial inclusion is a key element of social inclusion, particularly useful in combat-ing poverty and income inequality by opening blocked advancement opportunities for disadvantaged segments of the population. This study intends to investigate the impact of financial inclusion on reducing...

Most existing empirical papers concerned about multidimensional poverty use the house- hold as the unit of analysis, meaning that multidimensional poverty status of the household is equated with the multidimensional poverty status of all individuals in the household. This assumption,...

In this study, we examine the contributions of growth and redistribution to poverty reduction in Mexico during the period from 1992 to 2014, using repeated cross-section household data. We first decompose the observed changes in poverty reduction into components arising from growth, improved...

The United Nations Human Development Index (HDI) is arguably the most widely used alternative to gross domestic product for measuring national development. This is in large part due to its multidimensional nature, as it incorporates not only income, but also education and health. However, the...

This article analyzes Latin American and Caribbean income inequality, making three important contributions. First, we show that politics not only shapes redistribution, but also affects inequality produced by the market, with much of the effect occurring through the market conditioning...

The recent literature has argued for high concentration of earnings, differences in rates of return on assets and bequests as potential determinants of the high level of wealth concentration in the US. Analyzing the joint distribution of earnings, capital income and net worth, we find evidence...

Using individual tax returns data, this paper explores the redistributive effect of Ecuador's personal income tax (PIT) from 2007 to 2011. We follow common practice in the context of tax incidence analysis and we compute different indexes of progressivity and redistributive impact of income...