 | Public Debt Dynamics and Intra-Year Exchange Rate Fluctuations Author/Editor: Santiago Acosta Ormaechea. Release Date:November, 2020 The public sector, in carrying out its operations, often incurs foreign currency denominated liabilities and, as such, is exposed to exchange rate fluctuations that could affect the value of public more...
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| The Value Added Tax and Growth: Design Matters Author/Editor: Santiago Acosta Ormaechea, Atsuyoshi Morozumi. Release Date:May, 2019 Does the design of a tax matter for growth? Assembling a novel dataset for 30 OECD countries over the 1970-2016 period, this paper examines whether the value added tax (VAT) may have different more...
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| Fiscal Reforms, Long-term Growth and Income Inequality Author/Editor: Santiago Acosta Ormaechea, Takuji Komatsuzaki, Carolina Correa-Caro. Release Date:June, 2017 We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries
using the Synthetic Control Method. These episodes are selected using an indicator-based more...
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| Demographic Changes in Latin America : The Good, the Bad and ... Author/Editor: Santiago Acosta Ormaechea, Marco A Espinosa-Vega, Diego Wachs. Release Date:April, 2017 The paper develops a simple, integrated methodology to project public pension cash flows and healthcare spending over the long term. We illustrate its features by applying it to the LAC5 (Argentina, more...
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| Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure? Author/Editor: Santiago Acosta Ormaechea, Atsuyoshi Morozumi. Release Date:July, 2013 This paper studies the effects of public expenditure reallocations on long-run growth. To do this, we assemble a new dataset based on the IMF’s GFS yearbook for the period 1970-2010 and 56 more...
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