This paper examines how the concentration of large firms influences the fiscal multiplier effects of public investment in transport infrastructure. Using data from 1,891 Peruvian municipalities and firm-level...
Macroeconomic textbooks warn that procyclical public spending can amplify economic volatility and cause fiscal stress. However, the latter risks materialize only when governments fail to reduce spending...
Chapter 1 of the report discusses differences in the evolution of the size and composition of public spending between high-income and low- and middle-income nations. These differences are cause and effect...
América Latina y el Caribe (ALC) continúa gestionando competentemente los desafíos impuestos por la débil demanda global, el mayor nivel de endeudamiento, la incertidumbre en torno a la guerra en Ucrania...
La región de América Latina y el Caribe (ALC) ha demostrado ser relativamente resiliente frente al aumento del estrés de la deuda, la inflación persistente y la incertidumbre derivada de la invasión rusa...
A região da América Latina e Caribe (ALC) tem se mostrado relativamente resiliente diante do aumento do estresse da dívida, inflação persistente e incerteza decorrente da invasão russa na Ucrânia. A renda...
The Latin America and the Caribbean (LAC) region has proved to be relatively resilient in the face of increased debt stress, stubborn inflation, and uncertainty arising from the Russian invasion of Ukraine...
As the Coronavirus (COVID-19) crisis recedes, Latin America and the Caribbean (LAC) is back to work and looking forward. Is the region back to normal? As chapter 1 discusses, reported deaths related to...
A medida que la crisis del Coronavirus (COVID-19) retrocede, América Latina y el Caribe (ALC) vuelve a trabajar y mirar hacia adelante. ¿La región ha vuelto a la normalidad? Como se analiza en el capítulo...
À medida que a crise do Coronavírus (COVID-19) recua, a América Latina e o Caribe (ALC) estão voltando ao trabalho e olhando para o futuro. A região voltou ao normal? Como discutido no capítulo 1, as mortes...
This paper analyzes the macroeconomic effects of macroprudential policy—in the form of legal reserve requirements—in three Latin American countries (Argentina, Brazil, and Uruguay). To correctly identify...
This paper studies the time series behavior of a set of widely-used social indicators and uncovers two important stylized facts. First, not all social indicators are created equal in terms of the importance...
The Latin America and the Caribbean region is consolidating its recovery from the COVID-19 crisis, but the road ahead poses challenges: The damage inflicted by the pandemic on education and poverty require...
The Latin America and the Caribbean region is consolidating its recovery from the COVID-19 crisis, but the road ahead poses challenges: The damage inflicted by the pandemic on education and poverty require...
The Latin America and the Caribbean region is consolidating its recovery from the COVID‐19 crisis, but the road ahead poses challenges: The damage inflicted by the pandemic on education and poverty require...
The Latin America and the Caribbean region is consolidating its recovery from the COVID‐19 crisis, but the road ahead poses challenges: The damage inflicted by the pandemic on education and poverty require...
The Latin America and the Caribbean region is consolidating its recovery from the COVID-19 crisis, but the road ahead poses challenges: The damage inflicted by the pandemic on education and poverty require...
The Latin America and the Caribbean region is consolidating its recovery from the COVID-19 crisis, but the road ahead poses challenges: The damage inflicted by the pandemic on education and poverty require...
A região da América Latina e Caribe (ALC) está progredindo em direção à consolidação de sua recuperação da crise do Coronavírus (COVID-19). A vacinação está bem avançada na maior parte da região, aumentando...
The Latin America and the Caribbean region (LAC) is progressing toward consolidating its recovery from the COVID-19 crisis. Vaccination is well-advanced in most of the region, increasing resilience against...