According to the Spanish constitution, the public authorities are obliged to act with greater diligence in matters regarding the rural environment, promoting favourable conditions and establishing a suitable political, legal, social and economic framework for the progress of the regions and...

For eight Balkan countries (Albania, Bosnia & Herzegovina, Bulgaria, Croatia, Macedonia, Romania, Serbia & Montenegro, and Slovenia) the welfare cost of tariff protection on imports of goods based on recent years tariff data (2001 to 2003) is computed. The computation is based on a partial...

With an eye toward the Latin American and Caribbean (LAC) Region, this case study provides a practical guide to fiscal instruments that can promote climate change agendas, focusing on lessons learned from country experiences implementing these mechanisms. As most countries have historically...

The analysis of inflationary pressures in Bolivarian Venezuela, in their origins and causes (historical and contemporary ones) has to be put into relation to the economic and monetary policy options adopted by the current Venezuelan government, in the framework of the challenges and choices a...

The standard economic model of intertemporal decision making assumes that a single discount rate applies equally to discount (dis)utility from all different sources. However, studies such as psychology and behavioral economics have provided evidence that people might discount (dis)utility from...

This article analyzes the taxation of the liquid fuels used in light duty vehicles in Brazil (gasoline blended with anhydrous ethanol, known as gasohol, and hydrated ethanol). Ethanol’s success in Brazil is largely explained by government incentives to producers and consumers. This has created...

This report examines the quality of public policies in Latin America and the Caribbean after more than a decade of political and economic reform. A wide variety of examples and case studies are presented in an analytical framework to help explain why policies that work in certain institutional...