This paper makes two contributions. First, we examine the macroeconomic implications of Puerto Rico's Fiscal Plan that was certified in March 2017 for fiscal years 2017-18 to 2026-27. Second, we perform a Debt Sustainability Analysis (DSA) that incorporates the expected macroeconomic dynamics...

This paper makes two contributions. First, we examine the macroeconomic implications of Puerto Rico's Fiscal Plan that was certified in March 2017 for fiscal years 2017-18 to 2026-27. Second, we perform a Debt Sustainability Analysis (DSA) that incorporates the expected macroeconomic dynamics...

The "unhappy growth paradox" found by Deaton (2008) and Lora and Chaparro (2008) on the Gallup World Poll (GWP) 2006 is inconsistent with the literature in terms of the impact of income on wellbeing in the short term. This paper incorporates alternatively inequality indicators and the change in...