This paper provides an estimation of the size of income and demand automatic stabilizers in a representative sample of Latin American and Caribbean (LAC) countries. The authors find that when a negative unemployment shock hits the economy, the size of income and demand automatic stabilizers...

This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where the domestic interest rate depends on the level of...

This working paper advances research on inequality with unique, new data on income distribution in 61 countries, including 20 Latin American countries, to explore the effects of political parties on redistribution. First, consistent with a central, but still contested, assumption of the...

This document assesses the advantages and disadvantages of using different methodologies to estimate Uruguay's structural fiscal balance. Results indicate that disaggregated methods or methods with more than one economic cycle are the more appropriate ones, as they are better suited to handle...

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...

This book contains a selection of studies discussed at the first and second Regional Meetings on Computable General Equilibrium, which were held, respectively, in Santiago, Chile on 13 and 14 April 2007 with the collaboration of the Centre for International Prospective Studies and Information...

Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects...

Este libro presenta los documentos discutidos durante el seminario "Participación ciudadana en el contexto de la descentralización fiscal" que tuvo lugar en Tokio y Kobe en septiembre de 2002.Abstract: This book presents the papers discussed during the seminar "Citizen Participation in the...