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...
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...
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...
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...
This paper estimates the macroeconomic effects of social transfer payments to individuals for a sample of 23 developed and Latin American countries. The findings show that the social transfer multiplier...
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...
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...
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...
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...
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...
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...
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...