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Fiscal Policy Challenges for Latin America during the Next Stages of the Pandemic: The Need for a Fiscal Pact

Author/Editor: Mauricio Cardenas, Luca A Ricci, Jorge Roldos, Alejandro M Werner.

Release Date:March, 2021

The fiscal policy response to the COVID-19 shock in most LAC countries was much larger than during the GFC, suggesting fiscal space was not as tight as expected. We argue that it is feasible and more...



Price: $18.00
Labor Market Dynamics, Informality and Regulations in Latin America

Author/Editor: Antonio David, Samuel Pienknagura, Jorge Roldos.

Release Date:January, 2020

Labor markets in Latin America and the Caribbean (LAC) are characterized by high levels of informality and relatively rigid regulation. This paper shows that these two features are related and more...



Price: $18.00
Potential Growth in Colombia

Author/Editor: Sergi Lanau, Jorge Roldos, Jose Daniel Rodríguez-Delgado.

Release Date:November, 2017

This paper uses a multivariate filter and a production function to project potential growth in Colombia, modeling in detail the impact of low oil prices on investment. The framework also more...



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Monetary and Macroprudential Policies to Manage Capital Flows

Author/Editor: Juan Pablo Medina Guzman, Jorge Roldos.

Release Date:February, 2014

We study interactions between monetary and macroprudential policies in a model with nominal and financial frictions. The latter derive from a financial sector that provides credit and liquidity more...



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Yield Curve Dynamics and Spillovers in Central and Eastern European Countries

Author/Editor: Alexander W. Hoffmaister, Jorge Roldos, Anita Tuladhar.

Release Date:February, 2010

This paper applies the models used to study yield curve dynamics and spillovers in the U.S. and other countries to Central and Eastern European countries (CEE countries). Using the Diebold, more...



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Pension Reform and Macroeconomic Stability in Latin America

Author/Editor: Jorge Roldos.

Release Date:May, 2007

This paper reviews macroeconomic aspects of pension reforms in Latin America, focusing on financial market stability and fiscal sustainability. Concentration of pension fund portfolios in government more...



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Disintermediation and Monetary Transmission in Canada

Author/Editor: Jorge Roldos.

Release Date:March, 2006

This paper studies changes in Canada's monetary policy transmission, associated with the important changes in financial structure experienced in the 1990's, using two methodologies. First, VAR models more...



Price: $15.00
Pension Reform, Investment Restrictions and Capital Markets

Author/Editor: Jorge Roldos.

Release Date:September, 2004

Pension reform in several emerging market countries has been associated with rapid growth in assets under management and a positive impact on the development of local securities markets. However, more...



Price: $15.00
Potential Output Growth in Emerging Market Countries : The Case of Chile

Author/Editor: Jorge Roldos.

Release Date:September, 1997

This paper estimates potential output and the sources of growth in Chile during 1970-96. Actual output is cointegrated with the quality-adjusted measures of capital and labor, and constant returns to more...



Price: $15.00
Are Business Cycles Different in Asia and Latin America?

Author/Editor: Alexander W Hoffmaister, Jorge Roldos.

Release Date:January, 1997

This paper compares business cycles in Asia and in Latin America using structural vector autoregression analysis with panel data. The evidence for countries in these regions suggests that (i) the more...



Price: $15.00
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