Documents et rapports
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Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality (portugais)
After mediocre growth in 2018 of 0.7 percent. Latin America and the Caribbean (LAC) is expected to perform only marginally better in 2019 (growth of 0.9 percent) followed by a much more solid growth of...
Type de document: Publication Numéro du rapport: 135847 Date du document: 1 avril 2019 Mode de publication: Disclosed Auteur: Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier,Riera-Crichton,Daniel,Puig,Jorge Pablo,Camarena Fonseca,Jose Andree,Galeano,Luciana Maria,Morano Germani,Luis Francisco,Venturi Grosso,Lucila
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Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality (espagnol)
After mediocre growth in 2018 of 0.7 percent. Latin America and the Caribbean (LAC) is expected to perform only marginally better in 2019 (growth of 0.9 percent) followed by a much more solid growth of...
Type de document: Publication Numéro du rapport: 135847 Date du document: 1 avril 2019 Mode de publication: Disclosed Auteur: Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier,Riera-Crichton,Daniel,Puig,Jorge Pablo,Camarena, José Andrée,Galeano,Luciana Maria,Morano Germani,Luis Francisco,Venturi Grosso,Lucila
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Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean : When Dreams Meet Reality (anglais)
After mediocre growth in 2018 of 0.7 percent. Latin America and the Caribbean (LAC) is expected to perform only marginally better in 2019 (growth of 0.9 percent) followed by a much more solid growth of...
Type de document: Publication Numéro du rapport: 135847 Date du document: 1 avril 2019 Mode de publication: Disclosed Auteur: Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier,Riera-Crichton,Daniel,Puig,Jorge Pablo,Camarena, José Andrée,Galeano,Luciana Maria,Morano Germani,Luis Francisco,Venturi Grosso,Lucila
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Policy Implications of Non-linear Effects of Tax Changes on Output (anglais)
An earlier paper titled "Non-linear effects of tax changes on output: The role of the initial level of taxation," estimated tax multipliers using (i) a novel dataset on value-added taxes for 51 countries...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS8720 Date du document: 28 janvier 2019 Mode de publication: Disclosed Auteur: Gunter,Samara,Riera-Crichton,Daniel,Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier
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Non-Linear Effects of Tax Changes on Output : The Role of the Initial Level of Taxation (anglais)
This paper estimates the effect of worldwide tax changes on output following the narrative approach developed for the United States by Romer and Romer (2010). The analysis uses a novel dataset on value-added...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS8668 Date du document: 7 décembre 2018 Mode de publication: Disclosed Auteur: Gunter,Samara,Riera-Crichton,Daniel,Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier
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From Known Unknowns to Black Swans : How to Manage Risk in Latin America and the Caribbean (anglais)
After a growth recovery, with an expansion of 1.1 percent in 2017, the region has encountered some bumps in the road. The Latin America and the Caribbean (LAC) region is expected to grow at a modest rate...
Type de document: Publication Numéro du rapport: 130704 Date du document: 5 octobre 2018 Mode de publication: Disclosed Auteur: Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier,Riera-Crichton,Daniel,Medina,Juan Pablo,Friedheim,Diego,Morano Germani,Luis Francisco,Venturi Grosso,Lucila
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Fiscal adjustment in Latin America and the Caribbean : short-run pain, long-run gain? - semiannual report (anglais)
After a growth slowdown that lasted six years, the Latin America and the Caribbean (LAC) region has finally turned the corner and resumed growth at a modest rate of 1.1 percent in 2017 and 1.8 percent...
Type de document: Publication Numéro du rapport: 125780 Date du document: 17 avril 2018 Mode de publication: Disclosed Auteur: Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier,Riera-Crichton,Daniel,Friedheim,Diego,Morano Germani,Luis Francisco,Camarena Fonseca,Jose Andree
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Fiscal Adjustment in Latin America and the Caribbean : Short-Run Pain, Long-Run Gain? (espagnol)
After a growth slowdown that lasted six years, including a contraction of one percent of real Gross domestic product (GDP) in 2016, the Latin America and the Caribbean (LAC) region has finally turned the...
Type de document: Rapport Numéro du rapport: 125700 Date du document: 1 avril 2018 Mode de publication: Disclosed Auteur: Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier,Riera-Crichton,Daniel,Friedheim,Diego,Morano Germani,Luis Francisco,Camarena Fonseca,Jose Andree
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Leaning against the wind : fiscal policy in Latin America and the Caribbean in a historical perspective (anglais)
Gross domestic product (GDP) in the Latin American and Caribbean (LAC) region fell by 1.0 percent in 2016. In particular, LAC economies are facing important fiscal challenges that have yet to be fully...
Type de document: Publication Numéro du rapport: 116072 Date du document: 1 avril 2017 Mode de publication: Disclosed Auteur: Vegh Gramont,Carlos Alberto,Lederman,Daniel,Bennett,Federico Roberto
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How is tax policy conducted over the business cycle? (anglais)
It is well known by now that government spending has typically been procyclical in developing economies but a cyclical or countercyclical in industrial countries. Little, if any, is known, however, about...
Type de document: Article de revue Numéro du rapport: 123180 Date du document: 1 août 2015 Mode de publication: Disclosed Auteur: Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier
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Fiscal multipliers in recessions and expansions : does it matter whether government spending is increasing or decreasing ? (anglais)
Using non-linear methods, this paper finds that existing estimates of government spending multipliers in expansion and recession may yield biased results by ignoring whether government spending is increasing...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS6993 Date du document: 1 juillet 2014 Mode de publication: Disclosed Auteur: Riera-Crichton,Daniel,Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier
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Reserve requirements in the brave new macroprudential world (anglais)
Using a new, large data set on quarterly reserve requirements for the period 1970-2011, this paper provides new evidence on the use of reserve requirements as a countercyclical macroprudential tool in...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS6793 Date du document: 1 février 2014 Mode de publication: Disclosed Auteur: Cordella,Tito,Federico,Pablo M,Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier
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Reserve requirements in the brave new macroprudential world (anglais)
The active use of prudential instruments to regulate the level of credit and influence its allocation, popular in the 1970s and 1980s, fell somehow into disgrace in the 1990s, when the regulatory pendulum...
Type de document: Publication Numéro du rapport: 86475 Date du document: 1 janvier 2014 Mode de publication: Disclosed Auteur: Cordella,Tito,Federico,Pablo M,Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier
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The effect of capital flows composition on output volatility (anglais)
A large literature has argued that different types of capital flows have different consequences for macroeconomic stability. By distinguishing between foreign direct investment and portfolio and other...
Numéro du rapport: WPS6386 Date du document: 1 mars 2013 Mode de publication: Disclosed Auteur: Federico,Pablo M,Vegh Gramont,Carlos Alberto,Vuletin,Guillermo Javier