Se estudian las implicancias fiscales y energéticas de la escalada en los precios del petróleo estimando efectos directos e indirectos. Dado que las economías se hallan en una fase expansiva, estimamos, un impacto “latente”sobre el PIB, respecto de las condiciones iniciales (año 2003),...

This paper studies the fiscal and energy implications of the surge in petroleum prices, estimating both direct and indirect effects. Since these economies are in an expansionary phase, it estimates a "latent" impact on GDP, which in turn leads to a latent loss in fiscal revenue of an average 0....

Este trabajo presenta un análisis de las relaciones entre el diseño de los Entes Reguladores, el contexto económico en el cual éstos actúan, y la existencia o no de algún tipo de sesgo en sus decisiones. Con ese fin, se examina la ocurrencia o no de distintos factores que se han...

Este informe presenta los resultados de un estudio de tópicos macrofiscales y de la sostenibilidad fiscal en Bolivia. Los temas cuyo análisis acompaña al ejercicio central de sostenibilidad fiscal son los referidos a la evolución esperada de los recursos hidrocarburíferos (a la luz de la...

En Argentina, como en la mayoría de los países del mundo, el sector sanitario ha sido tradicionalmente manejado por empresas públicas. Sin embargo, la corriente privatizadora de los últimos 10 años ha alcanzado a este sector lo cual la obliga a compatibilizar las ventajas de la provisión...

This paper analyzes sub-national revenues in Argentina. Following a discussion of the recent evolution of government revenues and their vertical imbalance, the paper then analyzes the most important taxes collected by federal, provincial and local governments. Subsequently considered are the...

This paper analyzes political economy determinants of exchange rate policy in Brazil over the past thirty years. Two complementary methodologies are used. The first consists of investigating the exchange rate policy historical context over this period. Thus, part of the paper is dedicated to an...

This paper analyzes econometrically how a country`s post-crisis debt ratio could be forecast, in the aftermath of a debt crisis, from the previous debt-to-GDP ratio. A critical parameter is simply the debt-to-PPP-GDP ratio, where PPP-GDP is, in current international dollars, the Summers-Heston...

The use of income distribution indicators in the economics literature has increased considerably in recent years. This work relies on household surveys from 18 LAC countries to take a step back from the use of these indicators, and explore what`s behind the numbers, and what information they...

This report shows evidence on determinants of health status for urban adults and their effects on productivity. Accurate estimation of the effect of health on wages is always difficult to obtain due to endogeneity and measurement error of the health indicators that are available in household...