 | Deflation and Public Finances : Evidence from the Historical Records Author/Editor: Nicolas End, Sampawende J.-A. Tapsoba, G. Terrier, Renaud Duplay. Release Date:July, 2015 This paper examines the impact of deflation on fiscal aggregates. With deflation relatively rare in modern history, it relies mostly on the historical records, using a dataset panel covering 150 more...
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| How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments Author/Editor: Julio Escolano, Laura Jaramillo, Carlos Mulas-Granados, G. Terrier. Release Date:September, 2014 The sizeable fiscal consolidation required to stabilize the debt-to-GDP ratios in several countries in the aftermath of the global crisis raises a crucial question on its feasibility. To answer this more...
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| Policy Instruments to Lean Against the Wind in Latin America Author/Editor: G. Terrier, Rodrigo O. Valdes, Camilo Ernesto Tovar Mora, Jorge A. Chan-Lau, Carlos Fernandez Valdovinos, Mercedes Garcia-Escribano, Carlos I. Medeiros, Man-Keung Tang, Mercedes Vera Martin, W. Christopher Walker. Release Date:July, 2011 This paper reviews policy tools that have been used and/or are available for policy makers in the region to lean against the wind and review relevant country experiences using them. The instruments more...
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