Author/Editor: Nicolas E Magud, Samuel Pienknagura.

Release Date:April, 2022

We study the response of corporate investment in Emerging Markets to unexpected fiscal shocks. We find that, although firm-level investment decreases on impact following unexpected public expenditure more...

Author/Editor: Santiago Acosta-Ormaechea, Samuel Pienknagura, Carlo Pizzinelli.

Release Date:January, 2022

This study provides an overview of tax structures in LAC before the COVID-19 pandemic, compares it to OECD countries, and provides recommendations for growth-friendly and inclusive tax policy more...

Author/Editor: Samuel Pienknagura, Christopher Evans.

Release Date:September, 2021

Chile's pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile's defined contribution system was quite more...

Author/Editor: Metodij Hadzi-Vaskov, Samuel Pienknagura, Luca A Ricci.

Release Date:May, 2021

This paper explores the macroeconomic impact of social unrest, using a novel index based on news reports. The findings are threefold. First, unrest has an adverse effect on economic activity, with more...

Author/Editor: Antonio David, Takuji Komatsuzaki, Samuel Pienknagura.

Release Date:September, 2020

This paper estimates the macroeconomic effects of structural reforms in Latin America and the Caribbean (LAC) using the dataset constructed by Alesina et al. (2020). We find that large changes in the more...

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...