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Who Bore the Brunt of the Pandemic in Europe? Shifting Private Stress to the Public Sector

Author/Editor: Marco Arena, Ruo Chen, Alfredo Cuevas, Karim Foda, Borja Gracia, Estelle X Liu, Alex Pienkowski, Christiane Roehler, Shituo Sun, Sebastian Weber, Xin Cindy Xu, Yu Shi.

Release Date:July, 2021

In Europe, the severe human toll of the COVID-19 pandemic was compounded by the deepest fall in economic activity in modern history. Yet this huge decline in output did surprisingly little damage to more...



Price: $20.00
It is Only Natural: Europe's Low Interest Rates

Author/Editor: Marco Arena, Gabriel Di Bella, Alfredo Cuevas, Borja Gracia, Vina Nguyen, Alex Pienkowski.

Release Date:July, 2020

Estimates of the natural interest rate are often useful in the analysis of monetary and other macroeconomic policies. The topic gathered much attention following the great financial crisis and the more...



Price: $18.00
Fiscal Challenges of Population Aging in Brazil

Author/Editor: Alfredo Cuevas, Izabela Karpowicz, Carlos Mulas-Granados, Mauricio Soto.

Release Date:April, 2017

In recent decades, population has been aging fast in Brazil while old age pensions and healthrelated spending have increased. As the population ages, the spending trend threaten to reach more...



Price: $18.00
Highways to Heaven : Infrastructure Determinants and Trends in Latin America and the Caribbean

Author/Editor: Valerie Cerra, Alfredo Cuevas, Carlos Góes, Izabela Karpowicz, Troy D Matheson, Issouf Samaké, Svetlana Vtyurina.

Release Date:September, 2016

Inadequate infrastructure has been widely viewed as a principal barrier to growth and development in Latin America and the Caribbean. This paper provides a comprehensive overview of infrastructure in more...



Price: $18.00
Building a Common Future in Southern Africa

Release Date:April, 2013

The Southern African Customs Union (SACU) is the oldest customs union in the world, with significant opportunities ahead for creating higher economic growth and increased welfare benefits to the more...



Price: $30.00
Zimbabwe: Staff Report for the 2012 Article IV Consultation

Author/Editor: Alfredo Cuevas.

Release Date:September, 2012

Under Article IV of the IMF’s Articles of Agreement, the IMF more...



Price: $18.00
Fiscal sustainability and the fiscal reaction function for South Africa

Author/Editor: Charl Jooste, Alfredo Cuevas, Ian C Stuart, Philippe Burger.

Release Date:March, 2011

How does the South African government react to changes in its debt position? In investigating the question, this paper estimates fiscal reaction functions using various methods (OLS, VAR, TAR, GMM, more...



Price: $18.00
Monetary Policy and Relative Price Shocks in South Africa and Other Inflation Targeters

Author/Editor: Alfredo Cuevas, Secil Topak.

Release Date:December, 2008

When faced with a relative price shock, monetary authorities often aim to contain its second round effects on inflation while accepting first round effects. We analyze the experience of South Africa more...



Price: $18.00
Pension Privatization and Country Risk

Author/Editor: Alfredo Cuevas, Maria Gonzalez, Arnoldo López-Marmolejo, Davide Lombardo.

Release Date:August, 2008

This paper explores how privatizing a pension system can affect sovereign credit risk. For this purpose, it analyzes the importance that rating agencies give to implicit pension debt (IPD) in their more...



Price: $18.00
Reforming Intergovernmental Fiscal Relations in Argentina

Author/Editor: Alfredo Cuevas.

Release Date:April, 2003

Argentina has committed itself to a reform of its revenue-sharing system. This paper examines this system and the issues involved in its redesign, and discusses the pros and cons of various options more...



Price: $15.00
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