We investigate whether robots raise or lower economic well-being for generations alive during and after their development. While capital that perfectly substitutes for human labor can increase output, it can also lower labor demand and labor’s share of income. Workers who are in retirement...

Which region(s) will come to dominate the world economy? This paper develops the Global Gaidar Model (GGM), a 17-region, 2-skills, 100-period OLG model, to address this and other questions. The model is carefully calibrated to 2017 UN demographic and IMF fiscal data. Productivity growth and its...

The Value-Added Tax (VAT) is the most prevalent consumption tax globally, yet it is frequently deemed highly regressive. To address this, we propose a Personalized VAT (PVAT) devised in conjunction with a distributional policy. We aim to achieve three objectives: increase revenue collection,...

This paper develops a large-scale, dynamic life-cycle model to simulate Russia's demographic and fiscal transition under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and Japan+ (Japan plus Korea). The model predicts dramatic...

Towards a Sustainable and Efficient State: The Development Agenda of Belize represents a tangible expression of the Inter-American Development Bank's commitment to generating knowledge as part of its assistance to its borrowing member countries and illustrates the Bank's willingness to accompany...

Esta obra es una publicación elaborada por el Banco Interamericano de Desarrollo para el diálogo de políticas con las autoridades de la República Dominicana. El objetivo de este trabajo consiste en contribuir a la profundización del análisis de algunos de los temas que integran la agenda...