The present article analyses some transformations suffered by the financial systems in the framework of new economic environment realities, including the financial and economic crisis, and also a number of indicators such as dynamics of banks’ loans balances, the interest rate on loans and...

In recent decades, Chile has implemented fiscal responsibility policies, which have generated substantial benefits for the country. In 2000 these policies were institutionalized following the structural balance approach, which to date has been applied both in booms and in the 2008-2009...

“Behavioral economics”, or the application of methods and evidence from other social sciences to economics, has increased greatly in significance in the last two decades. In this paper we discuss the basic elements of behavioral economics. We then assess several applications of behavioral...

En este documento se caracteriza la relación entre el gasto social, sus clasificaciones funcionales y el PIB en la región en el período1980-2008 a través de la estimación de las elasticidades PIB de corto y de largo plazo del gasto social y sus componentes para diez paísesseleccionados de...

Governments around the world have enacted or are currently considering fundamental structural reforms of their Social Security pension programs. The key feature in these reforms is a shift from a pure pay-as-you-go tax-financed system, in which taxes on current workers are primarily distributed...

This paper analyzes the effects of a large randomized field experiment carried out with H&R Block, offering matching incentives for IRA contributions at the time of tax preparation. About 14,000 H&R Block clients, across 60 offices in predominantly low- and middle-income neighborhoods in St....

En este trabajo se propone estimar las reformas tributarias que aumentaronsignificativamente el recaudo del impuesto de industria, comercio, avisos ytableros (ICA) en Bogotá a través de la metodología VAR, para el periodo1961-2004. En este contexto, se examinarán las pruebas de causalidad...

In the decades ahead, the size and age structure of the European population will change dramatically. These demographic changes will obviously have a significant impact on society. Economic growth is expected to slow down following the reduction in the population of working age. In addition,...

Downloadable document is in Spanish. In this paper we estimate the proposed tax reforms that significantly increased the collection of the tax industry, commerce, notices and boards (ICA) in Bogotá through the VAR methodology, for the period 1961-2004. In this context, would be considered...