 | Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration Author/Editor: Alejandro Izquierdo, Ruy Lama, Juan Pablo Medina, Jorge Puig, Daniel Riera-Crichton, Carlos Vegh, Guillermo Javier Vuletin. Release Date:December, 2019 Over the last decade, empirical studies analyzing macroeconomic conditions that may affect the size of government spending multipliers have flourished. Yet, in spite of their obvious public policy more...
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| Measuring the Informal Economy in Latin America and the Caribbean Author/Editor: Guillermo Javier Vuletin. Release Date:April, 2008 This paper estimates the size of the informal economy for 32 mainly Latin American and Caribbean countries in the early 2000s. Using a structural equation modeling approach, we find that a stringent more...
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