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Guillermo Javier Vuletin

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Carlos A. Vegh & Guillermo Vuletin, 2012. "How is Tax Policy Conducted over the Business Cycle?," NBER Working Papers 17753, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Tax rates over the business cycle
      by Economic Logician in Economic Logic on 2012-02-08 21:52:00
  2. Ruiz Pozuelo, Julia & Slipowitz, Amy & Vuletin, Guillermo, 2016. "Democracy Does Not Cause Growth: The Importance of Endogeneity Arguments," IDB Publications (Working Papers) 7758, Inter-American Development Bank.

    Mentioned in:

    1. Sam Watson’s journal round-up for 25th February 2019
      by Sam Watson in The Academic Health Economists' Blog on 2019-02-25 12:00:22
  3. Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2014. "Fiscal multipliers in recessions and expansions : does it matter whether government spending is increasing or decreasing ?," Policy Research Working Paper Series 6993, The World Bank.

    Mentioned in:

    1. Quelle politique budgétaire faut-il adopter lors d'une récession ?
      by ? in D'un champ l'autre on 2014-09-30 03:04:00
  4. Pablo Federico & Carlos A. Vegh & Guillermo Vuletin, 2014. "Reserve Requirement Policy over the Business Cycle," IMES Discussion Paper Series 14-E-06, Institute for Monetary and Economic Studies, Bank of Japan.

    Mentioned in:

    1. Liquidity Regulation is Back
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-04-02 11:29:18

Working papers

  1. Luciana Galeano & Alejandro Izquierdo & Jorge P. Puig & Carlos A. Vegh & Guillermo Vuletin, 2021. "Can Automatic Government Spending Be Procyclical?," NBER Working Papers 28521, National Bureau of Economic Research, Inc.

    Cited by:

    1. Espinoza, Jorge Luis Vargas & Vásquez, Humberto Escudero & Velásquez, Wily Leopoldo Velásquez & Velásquez, Zulema Velásquez & Turpo, Giovana Araseli Flores, 2022. "Deuda Pública en Latinoamérica y propuestas del Banco Mundial," OSF Preprints g2y7v, Center for Open Science.
    2. Vybhavi Balasundharam & Arika Kayastha & Mr. Marcos Poplawski Ribeiro, 2023. "Inflation Indexation in Public Finances: A Global Dataset on Current Practices," IMF Working Papers 2023/264, International Monetary Fund.
    3. Aleksandr Arsenev & Philipp Heimberger & Bernhard Schütz, 2024. "Das konjunkturelle Verhalten der Staatsausgaben für Gesundheit und Soziales in Österreich und Deutschland: Wie robust ist die OECD-Methodik?," wiiw Research Reports in German language 25, The Vienna Institute for International Economic Studies, wiiw.
    4. José Andrée Camarena & Luciana Galeano & Luis Morano & Jorge Puig & Daniel Riera-Crichton & Carlos Vegh & Lucila Venturi & Guillermo Vuletin, 2019. "Fooled by the Cycle: Permanent versus Cyclical Improvements in Social Indicators," NBER Working Papers 26199, National Bureau of Economic Research, Inc.

  2. Bracco,Jessica Roxana & Galeano,Luciana Maria & Juarros,Pedro Francisco & Riera-Crichton,Daniel & Vuletin,Guillermo Javier, 2021. "Social Transfer Multipliers in Developed and Emerging Countries : The Role of Hand-to-Mouth Consumers," Policy Research Working Paper Series 9627, The World Bank.

    Cited by:

    1. Arthur Mendes & Steven Pennings, 2025. "One Rule Fits All? Heterogeneous Fiscal Rules for Commodity Exporters When Price Shocks Can Be Persistent: Theory and Evidence," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 55, January.
    2. Nora Lustig & Valentina Martinez Pabon & Guido Neidhöfer & Mariano Tommasi, 2020. "Short and Long-Run Distributional Impacts of COVID-19 in Latin America," Working Papers 2013, Tulane University, Department of Economics.
    3. Hernán Rincón-Castro & Juan Pablo Ángel-Mojica, 2023. "¿Sobre quién recaería la carga de reducir el impuesto sobre la renta de las empresas?," Borradores de Economia 1260, Banco de la Republica de Colombia.
    4. Leo Feler & Arthur Mendes & Wataru Miyamoto & Thuy Lan Nguyen & Steven Pennings, 2023. "The Macroeconomic Effects of Cash Transfers: Evidence from Brazil," Working Paper Series 2024-02, Federal Reserve Bank of San Francisco.

  3. Diego Rojas & Carlos A. Vegh & Guillermo Vuletin, 2020. "The Macroeconomic Effects of Macroprudential Policy: Evidence from a Narrative Approach," NBER Working Papers 27687, National Bureau of Economic Research, Inc.

    Cited by:

    1. Beck, Roland & Berganza, Juan Carlos & Brüggemann, Axel & Cezar, Rafael & Eijking, Carlijn & Eller, Markus & Fuentes, Alberto & Alves, Joel Graça & Kreitz, Lilian & Marsilli, Clement & Moder, Isabella, 2023. "Recent advances in the literature on capital flow management," Occasional Paper Series 317, European Central Bank.
    2. Mahmut Çelik & Ayla Oğuş Binatlı, 2022. "How Effective Are Macroprudential Policy Instruments? Evidence from Turkey," Economies, MDPI, vol. 10(4), pages 1-17, March.
    3. Eller, Markus & Hauzenberger, Niko & Huber, Florian & Schuberth, Helene & Vashold, Lukas, 2021. "The impact of macroprudential policies on capital flows in CESEE," Journal of International Money and Finance, Elsevier, vol. 119(C).
    4. Lorenzo Carbonari & Alessio Farcomeni & Filippo Maurici & Giovanni Trovato, 2023. "On the output effect of fiscal consolidation plans: a causal analysis," Working Paper series 23-18, Rimini Centre for Economic Analysis.
    5. Coman, Andra, 2023. "Monetary policy spillovers and the role of prudential policies in the European Union," Working Paper Series 2854, European Central Bank.
    6. Fernandez-Gallardo, Alvaro, 2023. "Preventing financial disasters: Macroprudential policy and financial crises," European Economic Review, Elsevier, vol. 151(C).
    7. Mikhail I. Stolbov & Maria A. Shchepeleva & Alexander M. Karminsky, 2021. "A global perspective on macroprudential policy interaction with systemic risk, real economic activity, and monetary intervention," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-25, December.
    8. Lloyd, Simon & Fernández-Gallardo, Álvaro & Manuel, Ed, 2023. "The transmission of macroprudential policy in the tails: evidence from a narrative approach," ESRB Working Paper Series 145, European Systemic Risk Board.
    9. Alvaro Fernandez-Gallardo & Ivan Paya, 2020. "Macroprudential Policy in the Euro Area," Working Papers 307121127, Lancaster University Management School, Economics Department.
    10. Carmignani, Fabrizio, 2022. "The electoral fiscal multiplier," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 938-945.
    11. Ayşegül Ladin SÜMER, 2021. "Evaluation of the methodological relationship between real business cycle model and macroprudential policy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(628), A), pages 57-64, Autumn.
    12. Sebastian Edwards, 2021. "Macroprudential Policies and The Covid-19 Pandemic: Risks and Challenges For Emerging Markets," NBER Working Papers 29441, National Bureau of Economic Research, Inc.
    13. Chen, Minghua & Kang, Qiaoling & Wu, Ji & Jeon, Bang Nam, 2022. "Do macroprudential policies affect bank efficiency? Evidence from emerging economies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C).

  4. Samara Gunter & Daniel Riera-Crichton & Carlos Vegh & Guillermo Vuletin, 2019. "Non-Linear Effects of Tax Changes on Output: The Role of the Initial Level of Taxation," NBER Working Papers 26570, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ozana Nadoveza Jelić & Jurica Šimurina, 2020. "Evaluating sectoral effects of agricultural nitrogen pollution reduction policy in Croatia within a CGE framework," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 8(1), pages 1-35, December.
    2. Puig Jorge Pablo & Porto Alberto & Vidal Juan Bautista, 2024. "Intergovernmental transfers and dynamic adjustment of subnational budgets," Asociación Argentina de Economía Política: Working Papers 4754, Asociación Argentina de Economía Política.
    3. Espinoza, Jorge Luis Vargas & Vásquez, Humberto Escudero & Velásquez, Wily Leopoldo Velásquez & Velásquez, Zulema Velásquez & Turpo, Giovana Araseli Flores, 2022. "Deuda Pública en Latinoamérica y propuestas del Banco Mundial," OSF Preprints g2y7v, Center for Open Science.
    4. Antonio C. David & Can Sever, 2024. "Electoral cycles in tax reforms," Empirical Economics, Springer, vol. 67(2), pages 495-529, August.
    5. A. O. Baranov & A. V. Goreev, 2022. "Analysis of the Multiplier Effects Produced by Investment in a Dynamic Input–Output Model," Studies on Russian Economic Development, Springer, vol. 33(6), pages 687-696, December.
    6. Taylor, Alan M. & Cloyne, James & Jordà , Òscar, 2020. "Decomposing the Fiscal Multiplier," CEPR Discussion Papers 14544, C.E.P.R. Discussion Papers.
    7. Favero, Carlo A. & Giavazzi, Francesco & Alesina, Alberto, 2019. "Effects of Austerity: Expenditure- and Tax-based Approaches," CEPR Discussion Papers 13565, C.E.P.R. Discussion Papers.
    8. Yan Carrière‐Swallow & Antonio C. David & Daniel Leigh, 2021. "Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: New Narrative Evidence from Latin America and the Caribbean," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(6), pages 1313-1335, September.
    9. Dabla-Norris, Era & Lima, Frederico, 2023. "Macroeconomic effects of tax rate and base changes: Evidence from fiscal consolidations," European Economic Review, Elsevier, vol. 153(C).
    10. Guillermo Vuletin & Carlos A. Vegh & Daniel Riera-Crichton & Diego Friedheim & Luis Morano & José Andrée Camarena & Guillermo Vuletin, "undated". "Fiscal Adjustment in Latin America and the Caribbean," World Bank Publications - Reports 29666, The World Bank Group.
    11. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo & Mumtaz, Haroon, 2021. "Revenue- versus spending-based fiscal consolidation announcements: Multipliers and follow-up," Journal of International Economics, Elsevier, vol. 131(C).
    12. Mrs. Esther Perez Ruiz & Mauricio Soto, 2019. "Attaining Selected Sustainable Development Goals in Guatemala: Spending, Provision, and Financing Needs," IMF Working Papers 2019/060, International Monetary Fund.
    13. Hayley Pallan, 2022. "Sovereign Spreads and Corporate Taxation," IHEID Working Papers 15-2022, Economics Section, The Graduate Institute of International Studies.
    14. Norman V. Loayza & Steven Pennings, 2020. "Macroeconomic Policy in the Time of COVID-19," World Bank Publications - Reports 33540, The World Bank Group.
    15. Ochuko Benedict Emudainohwo & Okolo Marvis Ndu, 2022. "Tax Revenue Impact on Economic Growth in Nigeria: ARDL Bounds Test and Cointegration Approach," Journal of Tax Reform, Graduate School of Economics and Management, Ural Federal University, vol. 8(2), pages 140-156.
    16. Andrzej Karpowicz & Zbigniew Korzeb & Paweł Niedziółka, 2022. "Macroeconomic and sectoral specific determinants of bank levies’ inflows in European Union," Bank i Kredyt, Narodowy Bank Polski, vol. 53(2), pages 183-202.

  5. Mr. Alejandro Izquierdo & Mr. Ruy Lama & Juan Pablo Medina & Jorge Puig & Daniel Riera-Crichton & Mr. Carlos A. Végh Gramont & Guillermo Javier Vuletin, 2019. "Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration," IMF Working Papers 2019/289, International Monetary Fund.

    Cited by:

    1. Anzoategui, Diego, 2022. "Sovereign spreads and the effects of fiscal austerity," Journal of International Economics, Elsevier, vol. 139(C).
    2. Espinoza, Jorge Luis Vargas & Vásquez, Humberto Escudero & Velásquez, Wily Leopoldo Velásquez & Velásquez, Zulema Velásquez & Turpo, Giovana Araseli Flores, 2022. "Deuda Pública en Latinoamérica y propuestas del Banco Mundial," OSF Preprints g2y7v, Center for Open Science.
    3. Thibault Lemaire, 2020. "Fiscal Consolidations and Informality in Latin America and the Caribbean," Working papers 764, Banque de France.
    4. Jalles, João Tovar & Park , Donghyun & Qureshi, Irfan, 2024. "Public versus Private Investment Multipliers in Emerging Market and Developing Economies: Cross-Country Analysis with a Focus on Asia," ADB Economics Working Paper Series 737, Asian Development Bank.
    5. Chun-Hung Kuo & Hiroaki Miyamoto, 2023. "Public investment and labor market flexibility," Economics Bulletin, AccessEcon, vol. 43(2), pages 1122-1132.
    6. Tannous Kass-Hanna & Julien Reynaud & Chris Walker, 2023. "Estimating Fiscal Multipliers Under Alternative Exchange Rate Regimes: The Case of Bolivia," IMF Working Papers 2023/240, International Monetary Fund.
    7. Magud, Nicolas E. & Pienknagura, Samuel, 2024. "The return of expansionary austerity: Firms' investment response to fiscal adjustments in emerging markets," Journal of International Money and Finance, Elsevier, vol. 143(C).
    8. Marina da Silva Sanches & Laura Barbosa de Carvalho, 2023. "Multiplier effects of social protection: a SVAR approach for Brazil," International Review of Applied Economics, Taylor & Francis Journals, vol. 37(1), pages 93-112, January.
    9. Vybhavi Balasundharam & Olivier Basdevant & Dalmacio Benicio & Andrew Ceber & Yujin Kim & Luca Mazzone & Hoda Selim & Yongzheng Yang, 2023. "Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design," IMF Working Papers 2023/063, International Monetary Fund.
    10. Daniel Artana & Cynthia Moskovits & Jorge Puig & Ivana Templado, 2022. "Fiscal rules and the behavior of public investment: towards growth-friendly fiscal policy? The case of Argentina," SN Business & Economics, Springer, vol. 2(8), pages 1-23, August.
    11. García-Albán, Freddy & González-Astudillo, Manuel & Vera-Avellán, Cristhian, 2021. "Good policy or good luck? Analyzing the effects of fiscal policy and oil revenue shocks in Ecuador," Energy Economics, Elsevier, vol. 100(C).
    12. Ardanaz, Martín & Cavallo, Eduardo & Izquierdo, Alejandro & Puig, Jorge, 2021. "Growth-friendly fiscal rules? Safeguarding public investment from budget cuts through fiscal rule design," Journal of International Money and Finance, Elsevier, vol. 111(C).
    13. Giovanna Ciaffi & Matteo Deleidi & Enrico Sergio Levrero, 2022. "The Macroeconomic Impact of Public Spending in Research and Development: An Initial Exploration for G7 and 15 Oecd Countries," Bulletin of Political Economy, Bulletin of Political Economy, vol. 16(1), pages 1-19, June.
    14. Skrypnik, D., 2024. "Infrastructure and economic growth in the context of the evolutionary theory of economic policy," Journal of the New Economic Association, New Economic Association, vol. 62(1), pages 117-142.
    15. Cusato Novelli, Antonio & Barcia, Giancarlo, 2021. "Sovereign Risk, Public Investment and the Fiscal Policy Stance," Journal of Macroeconomics, Elsevier, vol. 67(C).
    16. Victor Yotzov & Garabed Minassian & Pobeda Loukanova & Dimitar Zlatinov & Grigor Sariiski, 2022. "Bulgaria's economy during the pandemic," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 121-149.

  6. Alejandro Izquierdo & Ruy E. Lama & Juan Pablo Medina & Jorge P. Puig & Daniel Riera-Crichton & Carlos A. Vegh & Guillermo Vuletin, 2019. "Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Investigation," NBER Working Papers 26478, National Bureau of Economic Research, Inc.

    Cited by:

    1. Anzoategui, Diego, 2022. "Sovereign spreads and the effects of fiscal austerity," Journal of International Economics, Elsevier, vol. 139(C).
    2. Espinoza, Jorge Luis Vargas & Vásquez, Humberto Escudero & Velásquez, Wily Leopoldo Velásquez & Velásquez, Zulema Velásquez & Turpo, Giovana Araseli Flores, 2022. "Deuda Pública en Latinoamérica y propuestas del Banco Mundial," OSF Preprints g2y7v, Center for Open Science.
    3. Thibault Lemaire, 2020. "Fiscal Consolidations and Informality in Latin America and the Caribbean," Working papers 764, Banque de France.
    4. Tovar Jalles, João & Park, Donghyun & Qureshi, Irfan, 2024. "Public and Private Investment as Catalysts for Growth: An analysis of emerging markets and developing economies with a focus on Asia," Journal of International Money and Finance, Elsevier, vol. 148(C).
    5. Jalles, João Tovar & Park , Donghyun & Qureshi, Irfan, 2024. "Public versus Private Investment Multipliers in Emerging Market and Developing Economies: Cross-Country Analysis with a Focus on Asia," ADB Economics Working Paper Series 737, Asian Development Bank.
    6. Chun-Hung Kuo & Hiroaki Miyamoto, 2023. "Public investment and labor market flexibility," Economics Bulletin, AccessEcon, vol. 43(2), pages 1122-1132.
    7. Tannous Kass-Hanna & Julien Reynaud & Chris Walker, 2023. "Estimating Fiscal Multipliers Under Alternative Exchange Rate Regimes: The Case of Bolivia," IMF Working Papers 2023/240, International Monetary Fund.
    8. Magud, Nicolas E. & Pienknagura, Samuel, 2024. "The return of expansionary austerity: Firms' investment response to fiscal adjustments in emerging markets," Journal of International Money and Finance, Elsevier, vol. 143(C).
    9. Yan Carrière‐Swallow & Antonio C. David & Daniel Leigh, 2021. "Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: New Narrative Evidence from Latin America and the Caribbean," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(6), pages 1313-1335, September.
    10. Marina da Silva Sanches & Laura Barbosa de Carvalho, 2023. "Multiplier effects of social protection: a SVAR approach for Brazil," International Review of Applied Economics, Taylor & Francis Journals, vol. 37(1), pages 93-112, January.
    11. Vybhavi Balasundharam & Olivier Basdevant & Dalmacio Benicio & Andrew Ceber & Yujin Kim & Luca Mazzone & Hoda Selim & Yongzheng Yang, 2023. "Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design," IMF Working Papers 2023/063, International Monetary Fund.
    12. García-Albán, Freddy & González-Astudillo, Manuel & Vera-Avellán, Cristhian, 2021. "Good policy or good luck? Analyzing the effects of fiscal policy and oil revenue shocks in Ecuador," Energy Economics, Elsevier, vol. 100(C).
    13. Ardanaz, Martín & Cavallo, Eduardo & Izquierdo, Alejandro & Puig, Jorge, 2021. "Growth-friendly fiscal rules? Safeguarding public investment from budget cuts through fiscal rule design," Journal of International Money and Finance, Elsevier, vol. 111(C).
    14. Giovanna Ciaffi & Matteo Deleidi & Enrico Sergio Levrero, 2022. "The Macroeconomic Impact of Public Spending in Research and Development: An Initial Exploration for G7 and 15 Oecd Countries," Bulletin of Political Economy, Bulletin of Political Economy, vol. 16(1), pages 1-19, June.
    15. Jorge Pablo Puig & Martin Ardanaz & Eduardo Cavallo & Alejandro Izquierdo, 2021. "Output effects of fiscal consolidations: does spending composition matter?," Asociación Argentina de Economía Política: Working Papers 4507, Asociación Argentina de Economía Política.
    16. Tamon Asonuma & Hyungseok Joo, 2021. "Public Capital and Fiscal Constraint in Sovereign Debt Crises," School of Economics Discussion Papers 0621, School of Economics, University of Surrey.
    17. Cusato Novelli, Antonio & Barcia, Giancarlo, 2021. "Sovereign Risk, Public Investment and the Fiscal Policy Stance," Journal of Macroeconomics, Elsevier, vol. 67(C).
    18. Victor Yotzov & Garabed Minassian & Pobeda Loukanova & Dimitar Zlatinov & Grigor Sariiski, 2022. "Bulgaria's economy during the pandemic," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 121-149.

  7. Carlos A. Vegh & Guillermo Vuletin, 2016. "Unsticking the Flypaper Effect Using Distortionary Taxation," NBER Working Papers 22304, National Bureau of Economic Research, Inc.

    Cited by:

    1. Manuel E. Lago & Santiago Lago-Peñas & Jorge Martinez-Vazquez, 2024. "On the effects of intergovernmental grants: a survey," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(3), pages 856-908, June.
    2. Simon Berset & Mark Schelker, 2019. "Fiscal Windfall Curse," CESifo Working Paper Series 7795, CESifo.
    3. Carlos A. Vegh & Guillermo Vuletin, 2015. "Unsticking the Flypaper Effect in an Uncertain World," NBER Working Papers 21436, National Bureau of Economic Research, Inc.
    4. Saastamoinen, Antti & Kortelainen, Mika, 2018. "When does money stick in education? Evidence from a kinked grant rule," Working Papers 102, VATT Institute for Economic Research.

  8. Ruiz Pozuelo, Julia & Slipowitz, Amy & Vuletin, Guillermo, 2016. "Democracy Does Not Cause Growth: The Importance of Endogeneity Arguments," IDB Publications (Working Papers) 7758, Inter-American Development Bank.

    Cited by:

    1. Antoine Belgodere & Sauveur Giannoni & Sandrine Noblet, 2021. "Are good institutions required to import economic growth? The case of tourism," Post-Print hal-04654445, HAL.
    2. Traviss Cassidy, 2019. "The Long-Run Effects of Oil Wealth on Development: Evidence from Petroleum Geology," The Economic Journal, Royal Economic Society, vol. 129(623), pages 2745-2778.
    3. Sima, Di & Huang, Fali, 2023. "Is democracy good for growth? — Development at political transition time matters," European Journal of Political Economy, Elsevier, vol. 78(C).
    4. T. Tavor & L. D. Gonen & M. Weber & U. Spiegel, 2018. "The Effects of Income Levels and Income Inequalities on Happiness," Journal of Happiness Studies, Springer, vol. 19(7), pages 2115-2137, October.
    5. Rui Tang & Shiping Tang, 2018. "Democracy's Unique Advantage in Promoting Economic Growth: Quantitative Evidence for a New Institutional Theory," Kyklos, Wiley Blackwell, vol. 71(4), pages 642-666, November.

  9. Carlos A. Vegh & Guillermo Vuletin, 2015. "Unsticking the Flypaper Effect in an Uncertain World," NBER Working Papers 21436, National Bureau of Economic Research, Inc.

    Cited by:

    1. Cruz, Tassia & Silva, Talita, 2020. "Minimum Spending in Education and the Flypaper Effect," Economics of Education Review, Elsevier, vol. 77(C).
    2. Puig Jorge Pablo & Porto Alberto & Vidal Juan Bautista, 2024. "Intergovernmental transfers and dynamic adjustment of subnational budgets," Asociación Argentina de Economía Política: Working Papers 4754, Asociación Argentina de Economía Política.
    3. Alekseev, Aleksandr & Alm, James & Sadiraj, Vjollca & Sjoquist, David L., 2021. "Experiments on the fly," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 288-305.
    4. Antonio Cusato Novelli, 2021. "Sovereign default, political instability and political fragmentation," Review of International Economics, Wiley Blackwell, vol. 29(4), pages 732-755, September.
    5. Manuel E. Lago & Santiago Lago-Peñas & Jorge Martinez-Vazquez, 2024. "On the effects of intergovernmental grants: a survey," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(3), pages 856-908, June.
    6. Simon Berset & Mark Schelker, 2019. "Fiscal Windfall Curse," CESifo Working Paper Series 7795, CESifo.
    7. Vicente Rios & Miriam Hortas-Rico & Pedro Pascual, 2022. "What shapes the flypaper effect? The role of the political environment in the budget process," Local Government Studies, Taylor & Francis Journals, vol. 48(5), pages 793-820, September.
    8. Giuliano Masiero & Michael Santarossa, 2020. "Earthquakes, grants, and public expenditure: How municipalities respond to natural disasters," Journal of Regional Science, Wiley Blackwell, vol. 60(3), pages 481-516, June.
    9. Muinelo-Gallo, Leonel & Azar, Paola, 2018. "Testing regional intergovernmental transfers asymmetries in Uruguay," MPRA Paper 90245, University Library of Munich, Germany.
    10. Leonel Muinelo-Gallo, 2021. "Testing regional intergovernmental transfers effects in Uruguay," Sobre México. Revista de Economía, Sobre México. Temas en economía, vol. 2(4), pages 6-38.
    11. Cassidy, Traviss, 2017. "Revenue Persistence and Public Service Delivery," MPRA Paper 114464, University Library of Munich, Germany, revised 06 Sep 2022.
    12. Dal Borgo, Mariela, 2024. "Effect of a transfer shock on subnational debt: Micro evidence from Mexico," Journal of Public Economics, Elsevier, vol. 239(C).
    13. Héctor Cardozo, 2021. "An estimation of expenditure needs for Argentinian provinces: A structural modeling approach," Ensayos de Política Económica, Departamento de Investigación Francisco Valsecchi, Facultad de Ciencias Económicas, Pontificia Universidad Católica Argentina., vol. 3(3), pages 41-75, Octubre.
    14. Martín Besfamille & Diego Jorrat & Ósmel Manzano & Bernardo F. Quiroga & Pablo Sanguinetti & Martin Besfamille, 2021. "How Do Subnational Governments React to Shocks to Different Revenue Sources? Evidence from Hydrocarbon-Producing Provinces in Argentina," CESifo Working Paper Series 9251, CESifo.
    15. Alberto Porto & Jorge Puig, 2021. "On the interaction between own revenues and intergovernmental transfers. Evidence from Argentinean local governments," CEFIP, Working Papers 041, CEFIP, Universidad Nacional de La Plata.
    16. Flynn, Patrick & Smith, Tucker, 2022. "Rivers, lakes and revenue streams: The heterogeneous effects of Clean Water Act grants on local spending," Journal of Public Economics, Elsevier, vol. 212(C).
    17. Jorge Puig & Alberto Porto, 2022. "On the fiscal behavior of subnational governments. A long-term vision for Argentina," Asociación Argentina de Economía Política: Working Papers 4588, Asociación Argentina de Economía Política.
    18. Oyarzo, Mauricio & Paredes, Dusan, 2023. "Shocks derived from mining windfalls and horizontal transfers: Exploring the permanent income hypothesis in Chilean municipalities from a spatial competition approach," Socio-Economic Planning Sciences, Elsevier, vol. 86(C).
    19. Becker, Johannes & Hopp, Daniel & Kriebel, Michael, 2020. "Mental accounting of public funds – The flypaper effect in the lab," Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 321-336.
    20. Sangsoo Lim & Sanghoon Lee & Pilhyun Kim, 2017. "Asymmetry in the fly-paper effect of the national subsidy in Korea," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 22(4), pages 560-574, October.

  10. Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2014. "Fiscal multipliers in recessions and expansions : does it matter whether government spending is increasing or decreasing ?," Policy Research Working Paper Series 6993, The World Bank.

    Cited by:

    1. Şen, Hüseyin & Kaya, Ayşe, 2017. "How large are fiscal multipliers in Turkey?," EconStor Preprints 162763, ZBW - Leibniz Information Centre for Economics.
    2. Carlos A. Vegh & Guillermo Vuletin, 2014. "Social Implications of Fiscal Policy Responses During Crises," NBER Working Papers 19828, National Bureau of Economic Research, Inc.
    3. Roberta Santis & Piero Esposito & Elena Masi, 2019. "Structural determinants of potential output growth in Europe and the role of fiscal policy," International Economics and Economic Policy, Springer, vol. 16(4), pages 565-591, October.
    4. El Mostafa Bentour, 2022. "The effects of public debt accumulation and business cycle on government spending multipliers," Applied Economics, Taylor & Francis Journals, vol. 54(19), pages 2231-2256, April.
    5. Antonio Lemus, 2018. "Dynamic Effects of the Chilean Fiscal Policy," EconomiX Working Papers 2018-33, University of Paris Nanterre, EconomiX.
    6. Ardanaz, Martín & Cavallo, Eduardo & Izquierdo, Alejandro & Puig, Jorge, 2021. "Growth-friendly fiscal rules? Safeguarding public investment from budget cuts through fiscal rule design," Journal of International Money and Finance, Elsevier, vol. 111(C).
    7. Şen, Hüseyin & Kaya, Ayşe, 2015. "Growth enhancing effect of discretionary fiscal policy shocks: Keynesian, Weak Keynesian or Non-Keynesian?," MPRA Paper 65976, University Library of Munich, Germany, revised 05 Aug 2015.
    8. Markku Lehmus, 2015. "Finnish fiscal multipliers with a structural VAR model," Working Papers 293, Työn ja talouden tutkimus LABORE, The Labour Institute for Economic Research LABORE.
    9. Eduardo de Sa Fortes Leitao Rodrigues, 2023. "Uncertainty and the effectiveness of fiscal policy in the United States and Brasil: SVAR Approach," Working Papers 2023.03, International Network for Economic Research - INFER.

  11. Pablo Federico & Carlos A. Vegh & Guillermo Vuletin, 2014. "Reserve Requirement Policy over the Business Cycle," IMES Discussion Paper Series 14-E-06, Institute for Monetary and Economic Studies, Bank of Japan.

    Cited by:

    1. Calice,Pietro & Diaz Kalan,Federico Alfonso & Masetti,Oliver, 2020. "Interest Rate Repression : A New Database," Policy Research Working Paper Series 9457, The World Bank.
    2. Eugenio Cerutti & Ricardo Correa & Elisabetta Fiorentino & Esther Segalla, 2016. "Changes in Prudential Policy Instruments ---- A New Cross-Country Database," International Finance Discussion Papers 1169, Board of Governors of the Federal Reserve System (U.S.).
    3. Ghosh, Atish R. & Ostry, Jonathan D. & Qureshi, Mahvash S., 2018. "Taming the Tide of Capital Flows: A Policy Guide," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262037165, December.
    4. Paola D'Orazio & Lilit Popoyan, 2018. "Fostering green investments and tackling climate-related financial risks: which role for macroprudential policies?," LEM Papers Series 2018/35, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    5. Paul Pichler & Flora Lutz, 2017. "Liquidity risk and financial stability regulation," Vienna Economics Papers vie1701, University of Vienna, Department of Economics.
    6. Rebucci, Alessandro & Ma, Chang, 2019. "Capital Controls: A Survey of the New Literature," CEPR Discussion Papers 14186, C.E.P.R. Discussion Papers.
    7. Fungáčová, Zuzana & Nuutilainen, Riikka & Weill, Laurent, 2016. "Reserve requirements and the bank lending channel in China," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 37-50.
    8. Glocker, Christian & Towbin, Pascal, 2015. "Reserve requirements as a macroprudential instrument – Empirical evidence from Brazil," Journal of Macroeconomics, Elsevier, vol. 44(C), pages 158-176.
    9. Joseph Bitar, 2020. "A note on reserve requirements and banks' liquidity," Post-Print hal-03140035, HAL.
    10. Rodrigo Barbone Gonzalez & Bernardus F. Nazar Van Doornik & João Barata R. B. Barroso, 2024. "Macroprudential, Monetary Policy Synergies and Credit Supply: evidence from matched bank-firm loan-level data in Brazil," Working Papers Series 607, Central Bank of Brazil, Research Department.
    11. Fernandez-Gallardo, Alvaro, 2023. "Preventing financial disasters: Macroprudential policy and financial crises," European Economic Review, Elsevier, vol. 151(C).
    12. Klingelhöfer, Jan & Sun, Rongrong, 2019. "Macroprudential policy, central banks and financial stability: Evidence from China," Journal of International Money and Finance, Elsevier, vol. 93(C), pages 19-41.
    13. Pierre-Richard Agénor & Koray Alper & Luiz Pereira da Silva, 2015. "External Shocks, Financial Volatility and Reserve Requirements in an Open Economy," Working Papers Series 396, Central Bank of Brazil, Research Department.
    14. Annicchiarico, Barbara & Carli, Marco & Diluiso, Francesca, 2023. "Climate policies, macroprudential regulation, and the welfare cost of business cycles," Bank of England working papers 1036, Bank of England.
    15. Salih Fendoglu, 2017. "Credit Cycles and Capital Flows : Effectiveness of the Macroprudential Policy Framework in Emerging Market Economies," Working Papers 1713, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    16. Fabiani, Andrea & Piñeros, Martha López & Peydró, José-Luis & Soto, Paul E., 2022. "Capital controls, domestic macroprudential policy and the bank lending channel of monetary policy," Journal of International Economics, Elsevier, vol. 139(C).
    17. Pierre-Richard Agénor & Timothy P. Jackson & Luiz Pereira da Silva, 2020. "Cross-Border Regulatory Spillovers and Macroprudential Policy Coordination," Working Papers 202028, University of Liverpool, Department of Economics.
    18. Crespo Cuaresma, Jesus & von Schweinitz, Gregor & Wendt, Katharina, 2019. "On the empirics of reserve requirements and economic growth," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 253-274.
    19. Chaoying Lin & Lerong He & Guangqing Yang, 2021. "Targeted monetary policy and financing constraints of Chinese small businesses," Small Business Economics, Springer, vol. 57(4), pages 2107-2124, December.
    20. Chen, Minghua & Wu, Ji & Jeon, Bang Nam & Wang, Rui, 2017. "Monetary policy and bank risk-taking: Evidence from emerging economies," Emerging Markets Review, Elsevier, vol. 31(C), pages 116-140.
    21. Rojas Alvarado,Luis Diego & Vegh,Carlos & Vuletin,Guillermo Javier, 2022. "The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach," Policy Research Working Paper Series 10145, The World Bank.
    22. Peydró, José-Luis & Dassatti, Cecilia & Rodriguez Tous, Francesc & Vicente, Sergio, 2020. "Macroprudential and monetary policy: loan-level evidence from reserve requirements," CEPR Discussion Papers 14224, C.E.P.R. Discussion Papers.
    23. Peter Wamalwa, 2018. "Optimal Monetary Policy with Output and Asset Price Volatility in an Open Economy: Evidence from Kenya," Working Papers 734, Economic Research Southern Africa.
    24. Michael Brei & Ramon Moreno, 2018. "Reserve requirements and capital flows in Latin America," BIS Working Papers 741, Bank for International Settlements.
    25. Chun Chang & Zheng Liu & Mark M. Spiegel & Jingyi Zhang, 2016. "Reserve Requirements and Optimal Chinese Stabilization Policy," Working Paper Series 2016-10, Federal Reserve Bank of San Francisco.
    26. Miguel Acosta-Henao & Laura Alfaro & Andrés Fernández, 2020. "Sticky Capital Controls," NBER Working Papers 26997, National Bureau of Economic Research, Inc.
    27. Cappelletti, Giuseppe & Ponte Marques, Aurea & Varraso, Paolo, 2024. "Impact of higher capital buffers on banks’ lending and risk-taking in the short- and medium-term: Evidence from the euro area experiments," Journal of Financial Stability, Elsevier, vol. 72(C).
    28. Atish R Ghosh & Jun I Kim & Mahvash S Qureshi, 2020. "What’s in a name? That which we call capital controls," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 35(101), pages 147-208.
    29. Esteban Gómez & Angélica Lizarazo & Juan Carlos Mendoza & Andrés Murcia, 2017. "Evaluating the Impact of Macroprudential Policies in Colombia's Credit Growth," Borradores de Economia 980, Banco de la Republica de Colombia.
    30. Andreas Hoffmann & Axel Loeffler, 2017. "Surplus liquidity, central bank losses and the use of reserve requirements in emerging markets," Review of International Economics, Wiley Blackwell, vol. 25(5), pages 990-998, November.
    31. Gómez, Esteban & Murcia, Andrés & Lizarazo, Angélica & Mendoza, Juan Carlos, 2020. "Evaluating the impact of macroprudential policies on credit growth in Colombia," Journal of Financial Intermediation, Elsevier, vol. 42(C).
    32. Koray Alper & Mahir Binici & Selva Demiralp & Hakan Kara & Pinar Özlü, 2018. "Reserve Requirements, Liquidity Risk, and Bank Lending Behavior," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(4), pages 817-827, June.
    33. van Holle, Frederiek, 2017. "Essays in empirical finance and monetary policy," Other publications TiSEM 30d11a4b-7bc9-4c81-ad24-5, Tilburg University, School of Economics and Management.
    34. Gabriele Galati & Richhild Moessner, 2018. "What Do We Know About the Effects of Macroprudential Policy?," Economica, London School of Economics and Political Science, vol. 85(340), pages 735-770, October.
    35. Akturk, Halit & Gocen, Hasan & Duran, Suleyman, 2015. "Money Multiplier under Reserve Option Mechanism," MPRA Paper 64803, University Library of Munich, Germany.

  12. Carlos A. Vegh & Guillermo Vuletin, 2014. "Social Implications of Fiscal Policy Responses During Crises," NBER Working Papers 19828, National Bureau of Economic Research, Inc.

    Cited by:

    1. Clark Granger & Yurany Hernández & Jorge Ramos & Jorge Toro & Héctor Zárate, 2018. "La postura fiscal en Colombia a partir de los ajustes a las tarifas impositivas," Borradores de Economia 1038, Banco de la Republica de Colombia.
    2. Leonardo Villar & José Vicente Romero & César Pabón, 2015. "Política cambiaria, monetaria y fiscal: ¿ha aprendido Colombia a mitigar los efectos de las crisis?," Informes de Investigación 13616, Fedesarrollo.
    3. Daniel Levy & Tamir Mayer & Alon Raviv, 2022. "Economists in the 2008 Financial Crisis: Slow to See, Fast to Act," Working Paper series 22-04, Rimini Centre for Economic Analysis.
    4. Daniel Levy & Tamir Mayer & Alon Raviv, 2020. "Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers," Working Paper series 20-05, Rimini Centre for Economic Analysis.
    5. Anna Kalbhenn & Livio Stracca, 2020. "Mad about Austerity? The Effect of Fiscal Consolidation on Public Opinion," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(2-3), pages 531-548, March.
    6. Stoian, Andreea & Alves, Rui Henrique, 2014. "High public debt in the euro area: still a fact," MPRA Paper 63679, University Library of Munich, Germany.
    7. Prein, Timm, 2019. "Persistent Unemployment, Sovereign Debt Crises, and the Impact of Haircuts," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203654, Verein für Socialpolitik / German Economic Association, revised 2019.
    8. Tetiana Bogdan & Vladimir Gligorov & Peter Havlik & Michael Landesmann, 2017. "From Fiscal Austerity towards Growth-Enhancing Fiscal Policy in Ukraine," wiiw Research Reports 417, The Vienna Institute for International Economic Studies, wiiw.
    9. Antonio Estache & Renaud Foucart, 2018. "On the Political Economy of Industrial, Labor and Social Reforms as Complements," Working Papers ECARES 2018-13, ULB -- Universite Libre de Bruxelles.
    10. Chatzouz, Moustafa, 2014. "Government Debt and Wealth Inequality: Theory and Insights from Altruism," MPRA Paper 77007, University Library of Munich, Germany.
    11. Pastor, Manuel & Wise, Carol, 2015. "Good-Bye financial crash, hello financial eclecticism: Latin American responses to the 2008–09 global financial crisis," Journal of International Money and Finance, Elsevier, vol. 52(C), pages 200-217.
    12. Stracca, Livio & Kalbhenn, Anna, 2015. "Does fiscal austerity affect public opinion?," Working Paper Series 1774, European Central Bank.

  13. Daniel Riera-Crichton & Carlos A. Vegh & Guillermo Vuletin, 2014. "Procyclical and Countercyclical Fiscal Multipliers: Evidence from OECD Countries," NBER Working Papers 20533, National Bureau of Economic Research, Inc.

    Cited by:

    1. Tervala, Juha & Watson, Timothy, 2022. "Hysteresis and fiscal stimulus in a recession," Journal of International Money and Finance, Elsevier, vol. 124(C).
    2. Deleidi, Matteo & Iafrate, Francesca & Levrero, Enrico Sergio, 2020. "Public investment fiscal multipliers: An empirical assessment for European countries," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 354-365.
    3. Sordi, Serena & Dávila-Fernández, Marwil J., 2022. "A two-stroke growth cycle model for a small open economy," Chaos, Solitons & Fractals, Elsevier, vol. 163(C).
    4. Masahiro Tanaka, 2020. "Bayesian Inference of Local Projections with Roughness Penalty Priors," Computational Economics, Springer;Society for Computational Economics, vol. 55(2), pages 629-651, February.
    5. -, 2017. "Economic Survey of Latin America and the Caribbean 2017: Dynamics of the current economic cycle and policy challenges for boosting investment and growth," Estudio Económico de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 42002 edited by Eclac.
    6. Régis Barnichon & Davide Debortoli & Christian Matthes, 2020. "Understanding the Size of the Government Spending Multiplier: It's in the Sign," Working Paper Series 2021-01, Federal Reserve Bank of San Francisco.
    7. Senekovič Marko & Kavkler Alenka & Bekő Jani, 2019. "Estimation of Government Spending Multiplier in EU Economies," Naše gospodarstvo/Our economy, Sciendo, vol. 65(1), pages 16-29, March.
    8. Cloyne, James & Jordà , Òscar & Taylor, Alan M., 2023. "State-Dependent Local Projections: Understanding Impulse Response Heterogeneity," CEPR Discussion Papers 17903, C.E.P.R. Discussion Papers.
    9. Georgios KARRAS, 2015. "Fiscal Activism In European Regions: Evidence On Fiscal Rules Before And After The Euro," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 21-34, June.
    10. Olivier Cardi & Romain Restout & Peter Claeys, 2019. "Imperfect mobility of labor across sectors and fiscal transmission," Working Papers hal-02400991, HAL.
    11. Charles, Sébastien & Dallery, Thomas & Marie, Jonathan, 2015. "Le multiplicateur keynésien en récession : Pourquoi une relance est-elle davantage nécessaire aujourd'hui en zone Euro ? [The keynesian multiplier in recession: why fiscal stimulus is now even more," MPRA Paper 65897, University Library of Munich, Germany.
    12. Makrelov, Konstantin & Arndt, Channing & Davies, Rob & Harris, Laurence, 2020. "Balance sheet changes and the impact of financial sector risk-taking on fiscal multipliers," Economic Modelling, Elsevier, vol. 87(C), pages 322-343.
    13. Giovanni Caggiano & Efrem Castelnuovo & Olivier Damette & Antoine Parent & Giovanni Pellegrino, 2017. "Liquidity traps and large-scale financial crises," Post-Print halshs-01675562, HAL.
    14. Tovar Jalles, João & Park, Donghyun & Qureshi, Irfan, 2024. "Public and Private Investment as Catalysts for Growth: An analysis of emerging markets and developing economies with a focus on Asia," Journal of International Money and Finance, Elsevier, vol. 148(C).
    15. Emilio Colombo & Davide Furceri & Pietro Pizzuto & Patrizio Tirelli, 2022. "Fiscal Multipliers and Informality," IMF Working Papers 2022/082, International Monetary Fund.
    16. Iiboshi, Hirokuni & Iwata, Yasuharu & Kajita, Yuto & Soma, Naoto, 2019. "Time-varying Fiscal Multipliers Identified by Systematic Component: A Bayesian Approach to TVP-SVAR model," MPRA Paper 92631, University Library of Munich, Germany.
    17. Jalles, João Tovar & Park , Donghyun & Qureshi, Irfan, 2024. "Public versus Private Investment Multipliers in Emerging Market and Developing Economies: Cross-Country Analysis with a Focus on Asia," ADB Economics Working Paper Series 737, Asian Development Bank.
    18. Cem Cebi & K. Azim Ozdemir, 2016. "Cyclical Variation of Fiscal Multiplier in Turkey," Working Papers 1619, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    19. Klein, Mathias, 2016. "Austerity and private debt," Ruhr Economic Papers 642, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    20. Sami Kallal & Imène Guetat, 2020. "Fiscal stance, election year and 2007 crisis, evidence from OECD countries (1980–2017)," Post-Print hal-04097392, HAL.
    21. Samara Gunter & Daniel Riera-Crichton & Carlos Vegh & Guillermo Vuletin, 2019. "Non-Linear Effects of Tax Changes on Output: The Role of the Initial Level of Taxation," NBER Working Papers 26570, National Bureau of Economic Research, Inc.
    22. Mathias Klein, 2016. "Austerity and Private Debt," Discussion Papers of DIW Berlin 1611, DIW Berlin, German Institute for Economic Research.
    23. Borsi, Mihály Tamás, 2018. "Fiscal multipliers across the credit cycle," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 135-151.
    24. Ianc, Nicolae-Bogdan & Turcu, Camelia, 2020. "So alike, yet so different: Comparing fiscal multipliers across EU members and candidates," Economic Modelling, Elsevier, vol. 93(C), pages 278-298.
    25. Joshua Aizenman & Gunnar Gunnarsson, 2014. "Fiscal Challenges in Multilayered Unions: An Overview and Case Study," NBER Working Papers 20564, National Bureau of Economic Research, Inc.
    26. Restrepo-Ángel, Sergio & Rincón-Castro, Hernán & Ospina-Tejeiro, Juan J., 2022. "Multipliers of taxes and public spending in Colombia: SVAR and local projections approaches," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(3).
    27. Vladimir Arčabić & James Peery Cover, 2016. "Uncertainty and the effectiveness of fiscal policy," EFZG Working Papers Series 1611, Faculty of Economics and Business, University of Zagreb.
    28. Charles, Sébastien, 2019. "Le multiplicateur budgétaire endogène au cycle dans un modèle macroéconomique post-keynésien [The state-dependent fiscal Multiplier in a Post-Keynesian Macroeconomic Model]," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 26.
    29. Ashima Goyal & Bhavyaa Sharma, 2015. "Government expenditure in India: Composition, cyclicality and multipliers," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2015-032, Indira Gandhi Institute of Development Research, Mumbai, India.
    30. Mathias Klein, 2017. "Austerity and Private Debt," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(7), pages 1555-1585, October.
    31. Andrea Boitani & Salvatore Perdichizzi & Chiara Punzo, 2020. "Nonlinearities and expenditure multipliers in the Eurozone," DISCE - Working Papers del Dipartimento di Economia e Finanza def089, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    32. Taylor, Alan M. & Cloyne, James & Jordà , Òscar, 2020. "Decomposing the Fiscal Multiplier," CEPR Discussion Papers 14544, C.E.P.R. Discussion Papers.
    33. Ryan Niladri Banerjee & Fabrizio Zampolli, 2016. "What drives the short-run costs of fiscal consolidation? Evidence from OECD countries," BIS Working Papers 553, Bank for International Settlements.
    34. Matthew Canzoneri & Fabrice Collard & Harris Dellas & Behzad Diba, 2012. "Fiscal Multipliers in Recessions," Diskussionsschriften dp1204, Universitaet Bern, Departement Volkswirtschaft.
    35. Ardanaz, Martín & Hallerberg, Mark & Scartascini, Carlos, 2020. "Fiscal consolidations and electoral outcomes in emerging economies: Does the policy mix matter? Macro and micro level evidence from Latin America," European Journal of Political Economy, Elsevier, vol. 64(C).
    36. Giovanna Ciaffi & Matteo Deleidi & Michele Capriati, 2024. "Government spending, multipliers, and public debt sustainability: an empirical assessment for OECD countries," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 41(2), pages 521-542, July.
    37. Checherita-Westphal, Cristina & Klemm, Alexander & Viefers, Paul, 2015. "Governments' payment discipline: the macroeconomic impact of public payment delays and arrears," Working Paper Series 1771, European Central Bank.
    38. Raju Huidrom & M. Ayhan Kose & Jamus J. Lim & Franziska L. Ohnsorge, 2016. "Do Fiscal Multipliers Depend on Fiscal Positions?," Koç University-TUSIAD Economic Research Forum Working Papers 1605, Koc University-TUSIAD Economic Research Forum.
    39. Felix Reichling & Charles Whalen, 2015. "The Fiscal Multiplier and Economic Policy Analysis in the United States: Working Paper 2015-02," Working Papers 49925, Congressional Budget Office.
    40. Mr. Alejandro Izquierdo & Mr. Ruy Lama & Juan Pablo Medina & Jorge Puig & Daniel Riera-Crichton & Mr. Carlos A. Végh Gramont & Guillermo Javier Vuletin, 2019. "Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration," IMF Working Papers 2019/289, International Monetary Fund.
    41. Ardanaz, Martín & Izquierdo, Alejandro, 2022. "Current expenditure upswings in good times and public investment downswings in bad times? New evidence from developing countries," Journal of Comparative Economics, Elsevier, vol. 50(1), pages 118-134.
    42. Jair N. Ojeda-Joya & Oscar E. Guzman, 2017. "The Size of Fiscal Multipliers and the Stance of Monetary Policy in Developing Economies," IHEID Working Papers 08-2017, Economics Section, The Graduate Institute of International Studies.
    43. Yan Carrière‐Swallow & Antonio C. David & Daniel Leigh, 2021. "Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: New Narrative Evidence from Latin America and the Caribbean," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(6), pages 1313-1335, September.
    44. David Amaglobeli & Mr. Valerio Crispolti & Ms. Era Dabla-Norris & Pooja Karnane & Florian Misch, 2018. "Tax Policy Measures in Advanced and Emerging Economies: A Novel Database," IMF Working Papers 2018/110, International Monetary Fund.
    45. Konstantin Makrelov & Channing Arndt & Rob Davies & Laurence Harris, 2018. "Fiscal multipliers in South Africa: The importance of financial sector dynamics," WIDER Working Paper Series wp-2018-6, World Institute for Development Economic Research (UNU-WIDER).
    46. Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2016. "Tax multipliers: Pitfalls in measurement and identification," Journal of Monetary Economics, Elsevier, vol. 79(C), pages 30-48.
    47. Alejandro Izquierdo & Ruy E. Lama & Juan Pablo Medina & Jorge P. Puig & Daniel Riera-Crichton & Carlos A. Vegh & Guillermo Vuletin, 2019. "Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Investigation," NBER Working Papers 26478, National Bureau of Economic Research, Inc.
    48. Jungsuk Kim & Mengxi Wang & Donghyun Park & Cynthia Castillejos Petalcorin, 2021. "Fiscal policy and economic growth: some evidence from China," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 157(3), pages 555-582, August.
    49. Loayza,Norman V. & Pennings,Steven Michael, 2020. "Macroeconomic Policy in the Time of COVID-19 : A Primer for Developing Countries," Research and Policy Briefs 147291, The World Bank.
    50. Ardanaz, Martín & Izquierdo, Alejandro, 2017. "Current Expenditure Upswings in Good Times and Capital Expenditure Downswings in Bad Times?: New Evidence from Developing Countries," IDB Publications (Working Papers) 8558, Inter-American Development Bank.
    51. Kose, M. Ayhan & Huidrom, Raju & Lim, Jamus & Ohnsorge, Franziska, 2019. "Why Do Fiscal Multipliers Depend on Fiscal Positions?," CEPR Discussion Papers 13648, C.E.P.R. Discussion Papers.
    52. Javier Andres & Jose E. Bosca & Javier Ferri & Cristina Fuentes-Albero, 2018. "Household's Balance Sheets and the Effect of Fiscal Policy," Finance and Economics Discussion Series 2018-012r1, Board of Governors of the Federal Reserve System (U.S.), revised 29 Jun 2020.
    53. Guillermo Vuletin & Carlos A. Vegh & Daniel Riera-Crichton & Diego Friedheim & Luis Morano & José Andrée Camarena & Guillermo Vuletin, "undated". "Fiscal Adjustment in Latin America and the Caribbean," World Bank Publications - Reports 29666, The World Bank Group.
    54. Petrović, Pavle & Arsić, Milojko & Nojković, Aleksandra, 2021. "Increasing public investment can be an effective policy in bad times: Evidence from emerging EU economies," Economic Modelling, Elsevier, vol. 94(C), pages 580-597.
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    57. Wieliczko, Barbara, 2016. "Fiscal impulses influencing the development of the Polish agriculture in the period 2007-2015," Rural Areas and Development, European Rural Development Network (ERDN), vol. 13, pages 1-14.
    58. C. Glocker & G. Sestieri & P. Towbin, 2017. "Time-varying fiscal spending multipliers in the UK," Working papers 643, Banque de France.
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    61. Ekaterina Pyltsyna, 2018. "The Change Of Fiscal Multiplier When Switching From Managed Exchange Rate Regime To Thefloating One," HSE Working papers WP BRP 206/EC/2018, National Research University Higher School of Economics.
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    69. Sadananda Prusty & Anubha & Saurabh Gupta, 2021. "On the Road to Recovery: The Role of Post-Lockdown Stimulus Package," FIIB Business Review, , vol. 11(2), pages 206-224, June.
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    71. Iwata, Yasuharu & Iiboshi, Hirokuni, 2020. "Fiscal Adjustments and Debt-Dependent Multipliers: Evidence from the U.S. Time Series," Discussion paper series HIAS-E-103, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    72. Michal Hlavacek & Ilgar Ismayilov, 2022. "Meta-analysis: Fiscal Multiplier," Working Papers IES 2022/07, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised May 2022.
    73. Maria Elkhdari & Moez Souissi & Mr. Andrew Jewell, 2018. "Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria," IMF Working Papers 2018/124, International Monetary Fund.
    74. Valerie A. Ramey & Sarah Zubairy, 2018. "Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data," Journal of Political Economy, University of Chicago Press, vol. 126(2), pages 850-901.
    75. Aizenman, Joshua & Jinjarak, Yothin & Nguyen, Hien Thi Kim & Park, Donghyun, 2019. "Fiscal space and government-spending and tax-rate cyclicality patterns: A cross-country comparison, 1960–2016," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 229-252.
    76. -, 2018. "Fiscal Panorama of Latin America and the Caribbean 2018: public policy challenges in the framework of the 2030 Agenda," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 43406 edited by Eclac.
    77. Jorge Pablo Puig & Martin Ardanaz & Eduardo Cavallo & Alejandro Izquierdo, 2021. "Output effects of fiscal consolidations: does spending composition matter?," Asociación Argentina de Economía Política: Working Papers 4507, Asociación Argentina de Economía Política.
    78. Barbieri Góes, Maria Cristina & Deleidi, Matteo, 2022. "Output determination and autonomous demand multipliers: An empirical investigation for the US economy," Economic Modelling, Elsevier, vol. 116(C).
    79. Pragidis, I.C. & Tsintzos, P. & Plakandaras, B., 2018. "Asymmetric effects of government spending shocks during the financial cycle," Economic Modelling, Elsevier, vol. 68(C), pages 372-387.
    80. Charles J. Whalen & Felix Reichling, 2015. "The Fiscal Multiplier And Economic Policy Analysis In The United States," Contemporary Economic Policy, Western Economic Association International, vol. 33(4), pages 735-746, October.
    81. George Chouliarakis & Tadeusz Gwiazdowski & Sophia Lazaretou, 2016. "The Effect of Fiscal Policy on Output in Times of Crisis and Prosperity: Historical Evidence From Greece ," Centre for Growth and Business Cycle Research Discussion Paper Series 230, Economics, The University of Manchester.
    82. Ashima Goyal & Bhavyaa Sharma, 2018. "Government Expenditure in India: Composition and Multipliers," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 16(1), pages 47-85, December.
    83. Sergio Restrepo-Ángel & Hernán Rincón-Castro & Juan J. Ospina-Tejeiro, 2020. "Multiplicadores de los impuestos y del gasto público en Colombia: aproximaciones SVAR y proyecciones locales," Borradores de Economia 1114, Banco de la Republica de Colombia.

  14. Cordella, Tito & Federico, Pablo & Vegh, Carlos & Vuletin, Guillermo, 2014. "Reserve requirements in the brave new macroprudential world," Policy Research Working Paper Series 6793, The World Bank.

    Cited by:

    1. Beck, Roland & Berganza, Juan Carlos & Brüggemann, Axel & Cezar, Rafael & Eijking, Carlijn & Eller, Markus & Fuentes, Alberto & Alves, Joel Graça & Kreitz, Lilian & Marsilli, Clement & Moder, Isabella, 2023. "Recent advances in the literature on capital flow management," Occasional Paper Series 317, European Central Bank.
    2. Blanco Barroso, Joao & Barbone Gonzalez, Rodrigo & Peydró, José-Luis & Nazar van Doornik, Bernardus, 2019. "Countercyclical Liquidity Policy and Credit Cycles: Evidence from Macroprudential and Monetary Policy in Brazil," EconStor Preprints 216792, ZBW - Leibniz Information Centre for Economics.
    3. Pierre-Richard Agénor & L. Pereira da Silva, 2015. "Cyclically Adjusted Provisions and Financial Stability," Centre for Growth and Business Cycle Research Discussion Paper Series 216, Economics, The University of Manchester.
    4. Ghosh, Atish R. & Ostry, Jonathan D. & Qureshi, Mahvash S., 2018. "Taming the Tide of Capital Flows: A Policy Guide," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262037165, December.
    5. Paola D'Orazio & Lilit Popoyan, 2018. "Fostering green investments and tackling climate-related financial risks: which role for macroprudential policies?," LEM Papers Series 2018/35, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    6. Paolo Fegatelli, 2021. "The one trillion euro digital currency: How to issue a digital euro without threatening monetary policy transmission and financial stability?," BCL working papers 155, Central Bank of Luxembourg.
    7. Claessens, Stijn & Ghosh, Swati R. & Mihet, Roxana, 2013. "Macro-prudential policies to mitigate financial system vulnerabilities," Journal of International Money and Finance, Elsevier, vol. 39(C), pages 153-185.
    8. Basu, Kaushik & Eichengreen, Barry & Gupta, Poonam, 2015. "From Tapering to Tightening:The Impact of the Fed’s Exit on India," India Policy Forum, National Council of Applied Economic Research, vol. 11(1), pages 1-66.
    9. Cordella, Tito & Gupta, Poonam, 2015. "What makes a currency procyclical? An empirical investigation," Journal of International Money and Finance, Elsevier, vol. 55(C), pages 240-259.
    10. Glocker, Christian & Towbin, Pascal, 2015. "Reserve requirements as a macroprudential instrument – Empirical evidence from Brazil," Journal of Macroeconomics, Elsevier, vol. 44(C), pages 158-176.
    11. Luis Morano & Carlos A. Vegh & Diego Friedheim & Diego Rojas, "undated". "Between a Rock and a Hard Place," World Bank Publications - Reports 28443, The World Bank Group.
    12. Stijn Claessens, 2015. "An Overview of Macroprudential Policy Tools," Annual Review of Financial Economics, Annual Reviews, vol. 7(1), pages 397-422, December.
    13. Coman, Andra & Lloyd, Simon, 2019. "In the face of spillovers: prudential policies in emerging economies," Bank of England working papers 828, Bank of England.
    14. Akinci, Ozge & Olmstead-Rumsey, Jane, 2018. "How effective are macroprudential policies? An empirical investigation," Journal of Financial Intermediation, Elsevier, vol. 33(C), pages 33-57.
    15. Reinhart, Carmen & Tashiro, Takeshi, 2013. "Crowding Out Redefined: The Role of Reserve Accumulation," CEPR Discussion Papers 9764, C.E.P.R. Discussion Papers.
    16. Pierre-Richard Agénor & Koray Alper & Luiz Pereira da Silva, 2015. "External Shocks, Financial Volatility and Reserve Requirements in an Open Economy," Working Papers Series 396, Central Bank of Brazil, Research Department.
    17. Agénor, Pierre-Richard & Alper, Koray & Pereira da Silva, Luiz A., 2014. "Sudden floods, macroprudential regulation and stability in an open economy," Journal of International Money and Finance, Elsevier, vol. 48(PA), pages 68-100.
    18. Fabiani, Andrea & Piñeros, Martha López & Peydró, José-Luis & Soto, Paul E., 2022. "Capital controls, domestic macroprudential policy and the bank lending channel of monetary policy," Journal of International Economics, Elsevier, vol. 139(C).
    19. Cerutti, Eugenio & Claessens, Stijn & Laeven, Luc, 2017. "The use and effectiveness of macroprudential policies: New evidence," Journal of Financial Stability, Elsevier, vol. 28(C), pages 203-224.
    20. Chen, Minghua & Wu, Ji & Jeon, Bang Nam & Wang, Rui, 2017. "Monetary policy and bank risk-taking: Evidence from emerging economies," Emerging Markets Review, Elsevier, vol. 31(C), pages 116-140.
    21. Peydró, José-Luis & Dassatti, Cecilia & Rodriguez Tous, Francesc & Vicente, Sergio, 2020. "Macroprudential and monetary policy: loan-level evidence from reserve requirements," CEPR Discussion Papers 14224, C.E.P.R. Discussion Papers.
    22. Michael Brei & Ramon Moreno, 2018. "Reserve requirements and capital flows in Latin America," BIS Working Papers 741, Bank for International Settlements.
    23. Pierre-Richard Agénor & Timothy Jackson & Luiz Awazu Pereira da Silva, 2020. "Foreign exchange intervention and financial stability," BIS Working Papers 889, Bank for International Settlements.
    24. Christopher Curfman & John Kandrac, 2019. "The costs and benefits of liquidity regulations: Lessons from an idle monetary policy tool," Finance and Economics Discussion Series 2019-041, Board of Governors of the Federal Reserve System (U.S.).
    25. Javier Bianchi & Enrique G. Mendoza, 2020. "A Fisherian Approach to Financial Crises: Lessons from the Sudden Stops Literature," NBER Working Papers 26915, National Bureau of Economic Research, Inc.
    26. Jose L. Diaz-Sanchez & Aristomene Varoudakis, 2016. "Tracking the causes of eurozone external imbalances: new evidence and some policy implications," International Economics and Economic Policy, Springer, vol. 13(4), pages 641-668, October.
    27. Murat AKÇA & Vedat KAYA, 2023. "Effectiveness of Unconventional Monetary Policy Tools on Financial Stability: A NARDL Approach for Turkey," Bingol University Journal of Economics and Administrative Sciences, Bingol University, Faculty of Economics and Administrative Sciences, vol. 7(1), pages 63-80, June.
    28. Cantú, Carlos & Gondo, Rocio & Martínez, Berenice, 2019. "Reserve requirements as a financial stability instrument," Working Papers 2019-014, Banco Central de Reserva del Perú.
    29. Becker, Chris & Ossandon Busch, Matias & Tonzer, Lena, 2020. "Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil," IWH Discussion Papers 21/2017, Halle Institute for Economic Research (IWH), revised 2020.
    30. Vinhado, Fernando da Silva & Divino, Jose Angelo, 2019. "Interactions between monetary and macroprudential policies in the transmission of discretionary shocks," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    31. Fegatelli, Paolo, 2024. "Monetary policy and reserve requirements with a zero-interest digital euro," Journal of Macroeconomics, Elsevier, vol. 80(C).
    32. Kang, Qiaoling & Wu, Ji & Chen, Minghua & Jeon, Bang Nam, 2021. "Do macroprudential policies affect the bank financing of firms in China? Evidence from a quantile regression approach," Journal of International Money and Finance, Elsevier, vol. 115(C).
    33. Chawwa, Tevy, 2021. "Impact of reserve requirement and Liquidity Coverage Ratio: A DSGE model for Indonesia," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 321-341.
    34. Ryota Nakatani, 2016. "Twin Banking and Currency Crises and Monetary Policy," Open Economies Review, Springer, vol. 27(4), pages 747-767, September.
    35. Carlos Caceres & Mr. Yan Carriere-Swallow & Ishak Demir & Bertrand Gruss, 2016. "U.S. Monetary Policy Normalization and Global Interest Rates," IMF Working Papers 2016/195, International Monetary Fund.
    36. Christopher J Curfman & John Kandrac, 2022. "The Costs and Benefits of Liquidity Regulations: Lessons from an Idle Monetary Policy Tool [Crisis resolution and bank liquidity]," Review of Finance, European Finance Association, vol. 26(2), pages 319-353.
    37. Axel Loeffler, 2015. "Reserve Requirements and Real Exchange Rate Misalignments in Emerging Market Economies," Review of Development Economics, Wiley Blackwell, vol. 19(3), pages 516-530, August.
    38. Demir, Ishak, 2019. "Monetary Policy Autonomy and International Monetary Spillovers," LEAF Working Paper Series 19-01, University of Lincoln, Lincoln International Business School, Lincoln Economics and Finance Research Group (LEAF).
    39. Pérez-Forero, Fernando & Vega, Marco, 2014. "The Dynamic Effects of Interest Rates and Reserve Requirements," Working Papers 2014-018, Banco Central de Reserva del Perú.
    40. Krzysztof Gajewski & Oskar Krzesicki, 2017. "International Banking and Cross-Border Effects of Regulation: Lessons from Poland," International Journal of Central Banking, International Journal of Central Banking, vol. 13(2), pages 315-340, March.
    41. Yasin Mimir, 2023. "Fear (no more) of Floating: Asset Purchases and Exchange Rate Dynamics," Working Papers 57, European Stability Mechanism.
    42. Peter Karlström, 2023. "Macroprudential Policy, Credit Booms, and Banks' Systemic Risk," CEMLA Working Paper Series 03/2023, CEMLA.

  15. Carlos A. Vegh & Guillermo Vuletin, 2014. "The Road to Redemption: Policy Response to Crises in Latin America," NBER Working Papers 20675, National Bureau of Economic Research, Inc.

    Cited by:

    1. Sezer Yasar & Ceyhun Elgin, 2024. "Democracy and fiscal-policy response to COVID-19," Public Choice, Springer, vol. 198(1), pages 25-45, January.
    2. Ardanaz, Martín & Hübscher, Evelyne & Keefer, Philip & Sattler, Thomas, 2023. "Why Do Voters Support Procyclical Fiscal Policies? Experimental Evidence from Latin America," IDB Publications (Working Papers) 12779, Inter-American Development Bank.
    3. Thibault Lemaire, 2020. "Fiscal Consolidations and Informality in Latin America and the Caribbean," Working papers 764, Banque de France.
    4. Daniel Riera-Crichton & Carlos A. Vegh & Guillermo Vuletin, 2014. "Procyclical and Countercyclical Fiscal Multipliers: Evidence from OECD Countries," NBER Working Papers 20533, National Bureau of Economic Research, Inc.
    5. João T. Jalles, 2022. "Do credit rating agencies reward fiscal prudence?," International Finance, Wiley Blackwell, vol. 25(1), pages 2-22, April.
    6. Leonel Muinelo-Gallo & Ronald Miranda, 2020. "The Behaviour of Social Transfers over the Business Cycle: Empirical Evidence of Uruguay," Hacienda Pública Española / Review of Public Economics, IEF, vol. 233(2), pages 25-54, June.
    7. Eichengreen,Barry J. & Gupta,Poonam - DECOS, 2016. "Managing sudden stops," Policy Research Working Paper Series 7639, The World Bank.
    8. Federico R. Bennett & Carlos Vegh & Daniel Lederman & Federico Bennett, "undated". "Leaning Against the Wind," World Bank Publications - Reports 26364, The World Bank Group.
    9. Ocampo, José Antonio & Ojeda-Joya, Jair, 2022. "Supply shocks and monetary policy responses in emerging economies," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(4).
    10. Avdjiev, Stefan & Burger, John D. & Hardy, Bryan, 2024. "New spare tires: local currency credit as a global shock absorber," CEPR Discussion Papers 19288, C.E.P.R. Discussion Papers.
    11. Luis Morano & Carlos A. Vegh & Diego Friedheim & Diego Rojas, "undated". "Between a Rock and a Hard Place," World Bank Publications - Reports 28443, The World Bank Group.
    12. Ruiz Pozuelo, Julia & Slipowitz, Amy & Vuletin, Guillermo, 2016. "Democracy Does Not Cause Growth: The Importance of Endogeneity Arguments," IDB Publications (Working Papers) 7758, Inter-American Development Bank.
    13. Diniz, André, 2016. "Effects of fiscal consolidations in Latin America," Textos para discussão 423, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    14. Jean-Louis Combes & Alexandru Minea & Mousse Ndoye Sow, 2017. "Is fiscal policy always counter- (pro-) cyclical? The role of public debt and fiscal rules," Post-Print hal-01682627, HAL.
    15. Ruthira Naraidoo & Vo Phuong Mai Le, 2019. "Monetary policy in a model with commodity and financial market," Working Papers 782, Economic Research Southern Africa.
    16. Bems, Rudolfs & Caselli, Francesca & Grigoli, Francesco & Gruss, Bertrand, 2020. "Gains from anchoring inflation expectations: Evidence from the taper tantrum shock," Economics Letters, Elsevier, vol. 188(C).
    17. Enrique Alberola & Iván Kataryniuk & Ángel Melguizo & René Orozco, 2018. "Fiscal Policy and the Cycle in Latin America: the Role of Financing Conditions and Fiscal Rules," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 36(85), pages 101-116, November.
    18. Pablo Hernández de Cos & Enrique Moral-Benito, 2013. "Fiscal multipliers in turbulent times: the case of Spain," Working Papers 1309, Banco de España.
    19. Changjun Zheng & Shiying Chen & Zhenhuan Dong, 2021. "Economic Fluctuation, Local Government Bond Risk and Risk-Taking of City Commercial Banks," Sustainability, MDPI, vol. 13(17), pages 1-26, September.
    20. André Diniz, 2018. "Effects of Fiscal Consolidations in Latin America," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(4), pages 694-731, December.
    21. Gern, Klaus-Jürgen & Hauber, Philipp & Jannsen, Nils & Kooths, Stefan & Plödt, Martin & Wolters, Maik H., 2016. "Weltkonjunktur im Frühjahr 2016 - Getrübte Aussichten für die Weltkonjunktur [World Economy Spring 2016 - Clouded outlook for the world economy]," Kieler Konjunkturberichte 15, Kiel Institute for the World Economy (IfW Kiel).
    22. Gonzáles Zuazo, Rodrigo & Molina Fernández, José Miguel, 2017. "On Graduation from Fiscal Procyclicality: The case of Bolivia," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 27, pages 39-56, May.
    23. Becker, Chris & Ossandon Busch, Matias & Tonzer, Lena, 2020. "Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil," IWH Discussion Papers 21/2017, Halle Institute for Economic Research (IWH), revised 2020.
    24. Muinelo-Gallo, Leonel, 2022. "Business cycles and redistribution: The role of government quality," Economic Systems, Elsevier, vol. 46(4).
    25. Barry Eichengreen & Poonam Gupta, 2017. "Cuando los flujos de capital se detienen," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 20(2), pages 004-041, August.
    26. Enrique Alberola & Carlos Cantú & Paolo Cavallino & Nikola Mirkov, 2022. "Fiscal regimes and the exchange rate," Working Papers 2022-01, Swiss National Bank.
    27. Javier Torres & Alexandra Málaga & Rodrigo Chang, 2019. "Cyclicality of Fiscal Transfers for a Latin American Small Open Economy: The Perils of Earmarked Transfers," Working Papers 155, Peruvian Economic Association.

  16. Federico, Pablo & Vegh, Carlos A. & Vuletin, Guillermo, 2013. "The effect of capital flows composition on output volatility," Policy Research Working Paper Series 6386, The World Bank.

    Cited by:

    1. Mark K. Armah, 2024. "The effect of central bank credibility on economic growth and output volatility in inflation targeting regime," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 26(2), pages 619-640, August.
    2. Hansen, Erwin & Wagner, Rodrigo, 2022. "The reinvestment by multinationals as a capital flow: Crises, imbalances, and the cash-based current account," Journal of International Money and Finance, Elsevier, vol. 124(C).
    3. Hanna Armelius & Christoph Bertsch & Isaiah Hull & Xin Zhang, 2019. "Spread the Word: International Spillovers from Central Bank Communication," BIS Working Papers 824, Bank for International Settlements.
    4. Alimov, Behzod, 2022. "The dynamic effects of debt and equity inflows: Evidence from emerging and developing countries," The Journal of Economic Asymmetries, Elsevier, vol. 26(C).

  17. Daniel Riera-Crichton & Carlos A. Vegh & Guillermo Vuletin, 2012. "Tax Multipliers: Pitfalls in Measurement and Identification," NBER Working Papers 18497, National Bureau of Economic Research, Inc.

    Cited by:

    1. Nicholas E. Karavitis, 2018. "Fiscal adjustment and debt sustainability: Greece 2010-2016 and beyond," Working Papers 245, Bank of Greece.
    2. Shafik Hebous & Tom Zimmermann, 2014. "Revisiting the Narrative Approach of Estimating Tax Multipliers," CESifo Working Paper Series 5040, CESifo.
    3. Ms. Era Dabla-Norris & Frederico Lima, 2018. "Macroeconomic Effects of Tax Rate and Base Changes: Evidence from Fiscal Consolidations," IMF Working Papers 2018/220, International Monetary Fund.
    4. Antoine Goujard, 2017. "Cross‐Country Spillovers from Fiscal Consolidations," Fiscal Studies, Institute for Fiscal Studies, vol. 38, pages 219-267, June.
    5. Giuseppe Bertola & John Driffill & Harold James & Hans-Werner Sinn & Jan-Egbert Sturm & Ákos Valentinyi, 2014. "Chapter 3: Austerity: Hurting but Helping," EEAG Report on the European Economy, CESifo, vol. 0, pages 75-90, February.
    6. David, Antonio C. & Guajardo, Jaime & Yepez, Juan F., 2022. "The rewards of fiscal consolidations: Sovereign spreads and confidence effects," Journal of International Money and Finance, Elsevier, vol. 123(C).
    7. Andrew Bossie, 2013. "The Effect of Fiscal Policy Shocks on the Flow of Funds," 2013 Papers pbo741, Job Market Papers.
    8. Valerie A. Ramey, 2019. "Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?," NBER Working Papers 25531, National Bureau of Economic Research, Inc.
    9. Daniel Riera-Crichton & Carlos A. Vegh & Guillermo Vuletin, 2017. "Tax policy and the macroeconomy: Measurement, identification, and non-linearities," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 35(82), pages 10-17, April.
    10. Mendonça, Diogo de Prince & Marçal, Emerson Fernandes & Brito, Márcio Holland de, 2016. "Is fiscal policy effective in Brazil? An empirical analysis," Textos para discussão 433, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    11. Lorenzo Carbonari & Alessio Farcomeni & Filippo Maurici & Giovanni Trovato, 2023. "On the output effect of fiscal consolidation plans: a causal analysis," Working Paper series 23-18, Rimini Centre for Economic Analysis.
    12. Yang, Weonho & Fidrmuc, Jan & Ghosh, Sugata, 2015. "Macroeconomic effects of fiscal adjustment: A tale of two approaches," Journal of International Money and Finance, Elsevier, vol. 57(C), pages 31-60.
    13. Tito Cordella & Pablo M. Federico & Carlos A. Vegh & Guillermo Vuletin, 2014. "Reserve Requirements in the Brave New Macroprudential World," World Bank Publications - Books, The World Bank Group, number 17584.
    14. György Molnár & Gábor Dániel Soós & Balázs Világi, 2017. "Fiscal Policy and the Business Cycle," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 16(4), pages 58-85.
    15. Mr. Julio Escolano & Laura Jaramillo & Mr. Carlos Mulas-Granados & Mr. G. Terrier, 2014. "How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments," IMF Working Papers 2014/179, International Monetary Fund.
    16. João Tovar Jalles & Georgios Karras, 2023. "Tax Progressivity and Output: Evidence from OECD countries," Working Papers REM 2023/0293, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    17. Samara Gunter & Daniel Riera-Crichton & Carlos Vegh & Guillermo Vuletin, 2019. "Non-Linear Effects of Tax Changes on Output: The Role of the Initial Level of Taxation," NBER Working Papers 26570, National Bureau of Economic Research, Inc.
    18. Ruhollah Eskandari & Morteza Zamanian, 2023. "Heterogeneous responses to corporate marginal tax rates: Evidence from small and large firms," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(7), pages 1018-1047, November.
    19. Mr. Jiro Honda & Rene Tapsoba & Ismael Issifou, 2018. "When Do We Repair the Roof? Insights from Responses to Fiscal Crisis Early Warning Signals," IMF Working Papers 2018/077, International Monetary Fund.
    20. José Andrée Camarena & Luciana Galeano & Luis Morano & Jorge Puig & Daniel Riera-Crichton & Carlos Vegh & Lucila Venturi & Guillermo Vuletin, 2019. "Fooled by the Cycle: Permanent versus Cyclical Improvements in Social Indicators," NBER Working Papers 26199, National Bureau of Economic Research, Inc.
    21. Carlos A. Vegh & Guillermo Vuletin, 2014. "Social Implications of Fiscal Policy Responses During Crises," NBER Working Papers 19828, National Bureau of Economic Research, Inc.
    22. Ruiz Pozuelo, Julia & Slipowitz, Amy & Vuletin, Guillermo, 2016. "Democracy Does Not Cause Growth: The Importance of Endogeneity Arguments," IDB Publications (Working Papers) 7758, Inter-American Development Bank.
    23. Anh D.M.Nguyen & Luisanna Onnis & Raffaele Rossi, 2017. "The Macroeconomic Effects of Income and Consumption Tax Changes," Working Papers 2017008, The University of Sheffield, Department of Economics.
    24. Favero, Carlo A. & Giavazzi, Francesco & Alesina, Alberto, 2019. "Effects of Austerity: Expenditure- and Tax-based Approaches," CEPR Discussion Papers 13565, C.E.P.R. Discussion Papers.
    25. Checherita-Westphal, Cristina & Klemm, Alexander & Viefers, Paul, 2015. "Governments' payment discipline: the macroeconomic impact of public payment delays and arrears," Working Paper Series 1771, European Central Bank.
    26. Felix Reichling & Charles Whalen, 2015. "The Fiscal Multiplier and Economic Policy Analysis in the United States: Working Paper 2015-02," Working Papers 49925, Congressional Budget Office.
    27. Karel Mertens, 2018. "The Near Term Growth Impact of the Tax Cuts and Jobs Act," Working Papers 1803, Federal Reserve Bank of Dallas.
    28. Rojas Alvarado,Luis Diego & Vegh,Carlos & Vuletin,Guillermo Javier, 2022. "The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach," Policy Research Working Paper Series 10145, The World Bank.
    29. Mr. Salvatore Dell'Erba & Mr. Todd D. Mattina & Agustin Roitman, 2013. "Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment," IMF Working Papers 2013/170, International Monetary Fund.
    30. Attinasi, Maria Grazia & Klemm, Alexander, 2016. "The growth impact of discretionary fiscal policy measures," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 265-279.
    31. Dabla-Norris, Era & Lima, Frederico, 2023. "Macroeconomic effects of tax rate and base changes: Evidence from fiscal consolidations," European Economic Review, Elsevier, vol. 153(C).
    32. Jorge Puig, 2014. "Multiplicador del gasto público en Argentina," Económica, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 60, pages 188-210, January-D.
    33. Sayed O. M. Timuno & Joel Hinaunye Eita & Lanouar Charfeddine, 2020. "Towards an effective fiscal stimulus: Evidence from Botswana," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1790948-179, January.
    34. Santiago Acosta-Ormaechea & Atsuyoshi Morozumi, 2021. "The value-added tax and growth: design matters," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1211-1241, October.
    35. Masud Alam, 2021. "Heterogeneous Responses to the U.S. Narrative Tax Changes: Evidence from the U.S. States," Papers 2107.13678, arXiv.org.
    36. Vybhavi Balasundharam & Olivier Basdevant & Dalmacio Benicio & Andrew Ceber & Yujin Kim & Luca Mazzone & Hoda Selim & Yongzheng Yang, 2023. "Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design," IMF Working Papers 2023/063, International Monetary Fund.
    37. Hollmayr, Josef & Kuckuck, Jan, 2018. "Fiscal multipliers of central, state and local government and of the social security funds in Germany: Evidence of a SVAR," Discussion Papers 28/2018, Deutsche Bundesbank.
    38. Pablo Hernández de Cos & Enrique Moral-Benito, 2013. "Fiscal multipliers in turbulent times: the case of Spain," Working Papers 1309, Banco de España.
    39. Daniel Artana & Cynthia Moskovits & Jorge Puig & Ivana Templado, 2022. "Fiscal rules and the behavior of public investment: towards growth-friendly fiscal policy? The case of Argentina," SN Business & Economics, Springer, vol. 2(8), pages 1-23, August.
    40. Carlos A. Vegh & Guillermo Vuletin, 2012. "How is Tax Policy Conducted over the Business Cycle?," NBER Working Papers 17753, National Bureau of Economic Research, Inc.
    41. Milivojevic, Lazar & Tatar, Balint, 2021. "Fixed exchange rate - a friend or foe of labor cost adjustments?," IMFS Working Paper Series 152, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    42. Bogdan Muraraşu & Cristina Anghelescu & Robert Adrian Grecu, 2023. "Assessing fiscal multipliers in times of crisis: evidence from selected CEE countries," Empirical Economics, Springer, vol. 65(4), pages 1627-1654, October.
    43. Alberto Porto & Jorge Puig, 2021. "On the interaction between own revenues and intergovernmental transfers. Evidence from Argentinean local governments," CEFIP, Working Papers 041, CEFIP, Universidad Nacional de La Plata.
    44. Teglio, Andrea & Mazzocchetti, Andrea & Ponta, Linda & Raberto, Marco & Cincotti, Silvano, 2019. "Budgetary rigour with stimulus in lean times: Policy advices from an agent-based model," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 59-83.
    45. Mr. Serhan Cevik & Ms. Katerina Teksoz, 2014. "Deep Roots of Fiscal Behavior," IMF Working Papers 2014/045, International Monetary Fund.
    46. Charles J. Whalen & Felix Reichling, 2015. "The Fiscal Multiplier And Economic Policy Analysis In The United States," Contemporary Economic Policy, Western Economic Association International, vol. 33(4), pages 735-746, October.
    47. François Geerolf & Thomas Grjebine, 2018. "Property Tax Shocks and Macroeconomics," Working Papers 2018-03, CEPII research center.
    48. Shevlin, Terry & Shivakumar, Lakshmanan & Urcan, Oktay, 2019. "Macroeconomic effects of corporate tax policy," Journal of Accounting and Economics, Elsevier, vol. 68(1).
    49. Angela Köppl & Margit Schratzenstaller, 2022. "Macroeconomic Effects of Green Recovery Programmes. Conceptual Framing and a Review of the Empirical Literature," WIFO Working Papers 646, WIFO.
    50. Mr. Yan Carriere-Swallow & Mr. Antonio David & Mr. Daniel Leigh, 2018. "The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America," IMF Working Papers 2018/142, International Monetary Fund.
    51. Kleis, Mischa & Moessinger, Marc-Daniel, 2016. "The long-run effect of fiscal consolidation on economic growth: Evidence from quantitative case studies," ZEW Discussion Papers 16-047, ZEW - Leibniz Centre for European Economic Research, revised 2016.

  18. Carlos A. Vegh & Guillermo Vuletin, 2012. "How is Tax Policy Conducted over the Business Cycle?," NBER Working Papers 17753, National Bureau of Economic Research, Inc.

    Cited by:

    1. Juan Carlos Hatchondo & Mr. Francisco Roch & Mr. Leonardo Martinez, 2012. "Fiscal Rules and the Sovereign Default Premium," IMF Working Papers 2012/030, International Monetary Fund.
    2. Bashar, Omar H.M.N. & Bhattacharya, Prasad Sankar & Wohar, Mark E., 2017. "The cyclicality of fiscal policy: New evidence from unobserved components approach," Journal of Macroeconomics, Elsevier, vol. 53(C), pages 222-234.
    3. Isaac Baley & Andrés Blanco, 2022. "The long-run effects of corporate tax reforms," Economics Working Papers 1813, Department of Economics and Business, Universitat Pompeu Fabra.
    4. Lopez-Martin, Bernabe & Leal, Julio & Martinez Fritscher, Andre, 2019. "Commodity price risk management and fiscal policy in a sovereign default model," Journal of International Money and Finance, Elsevier, vol. 96(C), pages 304-323.
    5. Metodij Hadzi-Vaskov & Mr. Luca A Ricci & Alejandro M. Werner & Rene Zamarripa, 2021. "Authorities’ Fiscal Forecasts in Latin America: Are They Optimistic?," IMF Working Papers 2021/154, International Monetary Fund.
    6. Christos Chrysanthakopoulos & Athanasios Tagkalakis, 2024. "Tax policy cyclicality and financial development," Economics and Business Letters, Oviedo University Press, vol. 13(1), pages 48-57.
    7. Clark Granger & Yurany Hernández & Jorge Ramos & Jorge Toro & Héctor Zárate, 2018. "La postura fiscal en Colombia a partir de los ajustes a las tarifas impositivas," Borradores de Economia 1038, Banco de la Republica de Colombia.
    8. Ardanaz, Martín & Hübscher, Evelyne & Keefer, Philip & Sattler, Thomas, 2023. "Why Do Voters Support Procyclical Fiscal Policies? Experimental Evidence from Latin America," IDB Publications (Working Papers) 12779, Inter-American Development Bank.
    9. Joshua Aizenman & Yothin Jinjarak & Hien Thi Kim Nguyen & Donghyun Park, 2018. "Fiscal Space and Government-Spending & Tax-Rate Cyclicality Patterns: A Cross-Country Comparison, 1960-2016," NBER Working Papers 25012, National Bureau of Economic Research, Inc.
    10. Francesco Pappadà & Yanos Zylberberg, 2021. "Sovereign default and imperfect tax enforcement," Working Papers halshs-03142208, HAL.
    11. Gaetano Lisi, 2023. "Tax evasion, tax reward and the optimal fiscal policy," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2023(3), pages 309-327.
    12. Espinoza, Jorge Luis Vargas & Vásquez, Humberto Escudero & Velásquez, Wily Leopoldo Velásquez & Velásquez, Zulema Velásquez & Turpo, Giovana Araseli Flores, 2022. "Deuda Pública en Latinoamérica y propuestas del Banco Mundial," OSF Preprints g2y7v, Center for Open Science.
    13. Marko Crnogorac & Santiago Lago Peñas, 2017. "Cyclical sensitivity of public finances in former Yugoslavian countries (2001–2014)," Working Papers. Collection A: Public economics, governance and decentralization 1701, Universidade de Vigo, GEN - Governance and Economics research Network.
    14. Avellan, Leopoldo & Vuletin, Guillermo, 2015. "Fiscal procyclicality and output forecast errors," Journal of International Money and Finance, Elsevier, vol. 55(C), pages 193-204.
    15. Daniel Riera-Crichton & Carlos A. Vegh & Guillermo Vuletin, 2017. "Tax policy and the macroeconomy: Measurement, identification, and non-linearities," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 35(82), pages 10-17, April.
    16. Zhiming Fu & Antoine Le Riche, 2021. "Progressive consumption tax and monetary policy in an endogenous growth model," Journal of Economics, Springer, vol. 133(3), pages 271-293, August.
    17. Amanda M. Michaud & Jacek Rothert, 2017. "Redistributive Fiscal Policies and Business Cycles in Emerging Economies," Working Papers (Old Series) 1709, Federal Reserve Bank of Cleveland.
    18. Maren Froemel, 2014. "Imperfect Financial Markets and the Cyclicality of Social Spending," Working Paper Series of the Department of Economics, University of Konstanz 2014-11, Department of Economics, University of Konstanz.
    19. Andrés Fernández & Daniel Guzmán & Ruy E. Lama & Carlos A. Vegh, 2021. "Procyclical fiscal policy and asset market incompleteness," Working Papers Central Bank of Chile 925, Central Bank of Chile.
    20. Andreasen, Eugenia & Sandleris, Guido & Van der Ghote, Alejandro, 2019. "The political economy of sovereign defaults," Journal of Monetary Economics, Elsevier, vol. 104(C), pages 23-36.
    21. Jeffrey A. Frankel & Carlos A. Végh & Guillermo Vuletin, 2011. "On Graduation from Fiscal Procyclicality," NBER Working Papers 17619, National Bureau of Economic Research, Inc.
    22. Marco Alfò & Lorenzo Carbonari & Giovanni Trovato, 2020. "On the Effects of Taxation on Growth: an Empirical Assessment," CEIS Research Paper 480, Tor Vergata University, CEIS, revised 08 May 2020.
    23. Heimberger, Philipp, 2023. "The cyclical behaviour of fiscal policy: A meta-analysis," Economic Modelling, Elsevier, vol. 123(C).
    24. Samara Gunter & Daniel Riera-Crichton & Carlos Vegh & Guillermo Vuletin, 2019. "Non-Linear Effects of Tax Changes on Output: The Role of the Initial Level of Taxation," NBER Working Papers 26570, National Bureau of Economic Research, Inc.
    25. Federico R. Bennett & Carlos Vegh & Daniel Lederman & Federico Bennett, "undated". "Leaning Against the Wind," World Bank Publications - Reports 26364, The World Bank Group.
    26. Hongsheng Fang & Minyuan He & Dandan Dang & Jun Zhang, 2020. "Endogenous cyclical corporate tax burden in China: The role of tax quotas and growth targets," The World Economy, Wiley Blackwell, vol. 43(12), pages 3314-3339, December.
    27. Reicher, Claire, 2014. "Systematic fiscal policy and macroeconomic performance: A critical overview of the literature," Economics Discussion Papers 2014-29, Kiel Institute for the World Economy (IfW Kiel).
    28. Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," CERDI Working papers halshs-01015760, HAL.
    29. Reicher, Christopher Phillip, 2013. "A set of estimated fiscal rules for a cross section of countries: Stabilization and consolidation through which instruments?," Kiel Working Papers 1850, Kiel Institute for the World Economy (IfW Kiel).
    30. Stefan Niemann & Paul Pichler, 2017. "Optimal fiscal policy and sovereign debt crises," Working Papers 218, Oesterreichische Nationalbank (Austrian Central Bank).
    31. Francesco Pappada & Yanos Zylberberg, 2018. "Hanging off a cliff: fiscal consolidations and default risk," 2018 Meeting Papers 844, Society for Economic Dynamics.
    32. Hayley Pallan, 2022. "Do Investors Care About Consumption Taxes? Evidence from Equities in Advanced and Emerging Economies," IHEID Working Papers 14-2022, Economics Section, The Graduate Institute of International Studies.
    33. Céline CARRERE & Jaime DE MELO, 2012. "Fiscal Spending and Economic Growth: Some Stylized Facts," Working Papers P35, FERDI.
    34. Aruoba, S. Borağan, 2021. "Institutions, tax evasion, and optimal policy," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 212-229.
    35. Panizza, Ugo & Presbitero, Andrea F., 2012. "Public debt and economic growth: Is there a causal effect?," POLIS Working Papers 168, Institute of Public Policy and Public Choice - POLIS.
    36. David M. Cutler & Wei Huang & Adriana Lleras-Muney, 2016. "Economic Conditions and Mortality: Evidence from 200 Years of Data," NBER Working Papers 22690, National Bureau of Economic Research, Inc.
    37. Siming Liu & Hewei Shen, 2021. "Online Appendix to "Fiscal Commitment and Sovereign Default Risk"," Online Appendices 18-490, Review of Economic Dynamics.
    38. Strawczynski, Michel, 2013. "Cyclicality of statutory tax rates," MPRA Paper 48821, University Library of Munich, Germany.
    39. José Andrée Camarena & Luciana Galeano & Luis Morano & Jorge Puig & Daniel Riera-Crichton & Carlos Vegh & Lucila Venturi & Guillermo Vuletin, 2019. "Fooled by the Cycle: Permanent versus Cyclical Improvements in Social Indicators," NBER Working Papers 26199, National Bureau of Economic Research, Inc.
    40. Carlos A. Vegh & Guillermo Vuletin, 2012. "Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets," NBER Working Papers 18175, National Bureau of Economic Research, Inc.
    41. Geert Bekaert & Alexander Popov, 2012. "On the Link Between the Volatility and Skewness of Growth," NBER Working Papers 18556, National Bureau of Economic Research, Inc.
    42. Carlos A. Vegh & Guillermo Vuletin, 2014. "Social Implications of Fiscal Policy Responses During Crises," NBER Working Papers 19828, National Bureau of Economic Research, Inc.
    43. Estefania-Flores, Julia & Furceri, Davide & Hannan, Swarnali A. & Ostry, Jonathan D. & Rose, Andrew K., 2023. "Are trade restrictions counter-cyclical? Evidence from a new aggregate measure," Journal of Policy Modeling, Elsevier, vol. 45(4), pages 745-767.
    44. Almosova, Anna & Burda, Michael C. & Voigts, Simon, 2017. "Social Security Contributions and the Business Cycle," SFB 649 Discussion Papers 2017-018, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    45. Ardanaz, Martín & Hallerberg, Mark & Scartascini, Carlos, 2020. "Fiscal consolidations and electoral outcomes in emerging economies: Does the policy mix matter? Macro and micro level evidence from Latin America," European Journal of Political Economy, Elsevier, vol. 64(C).
    46. Ardanaz, Martín & Izquierdo, Alejandro, 2022. "Current expenditure upswings in good times and public investment downswings in bad times? New evidence from developing countries," Journal of Comparative Economics, Elsevier, vol. 50(1), pages 118-134.
    47. Rojas Alvarado,Luis Diego & Vegh,Carlos & Vuletin,Guillermo Javier, 2022. "The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach," Policy Research Working Paper Series 10145, The World Bank.
    48. Joseph Mawejje & Nicholas M. Odhiambo, 2022. "The determinants and cyclicality of fiscal policy: Empirical evidence from East Africa," International Economics, CEPII research center, issue 169, pages 50-70.
    49. Jean-Louis Combes & Alexandru Minea & Mousse Ndoye Sow, 2017. "Is fiscal policy always counter- (pro-) cyclical? The role of public debt and fiscal rules," Post-Print hal-01682627, HAL.
    50. Guerguil, Martine & Mandon, Pierre & Tapsoba, René, 2017. "Flexible fiscal rules and countercyclical fiscal policy," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 189-220.
    51. Mr. Alexander D Klemm, 2014. "Fiscal Policy in Latin America over the Cycle," IMF Working Papers 2014/059, International Monetary Fund.
    52. Asif Ahmad & Richard McManus & F. Gulcin Ozkan, 2021. "Fiscal space and the procyclicality of fiscal policy: The case for making hay while the sun shines," Economic Inquiry, Western Economic Association International, vol. 59(4), pages 1687-1701, October.
    53. João Tovar Jalles, 2019. "On the Cyclicality of Social Expenditure: New Time-Varying evidence from Developing Economies," Working Papers REM 2019/82, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    54. David Amaglobeli & Mr. Valerio Crispolti & Ms. Era Dabla-Norris & Pooja Karnane & Florian Misch, 2018. "Tax Policy Measures in Advanced and Emerging Economies: A Novel Database," IMF Working Papers 2018/110, International Monetary Fund.
    55. Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2016. "Tax multipliers: Pitfalls in measurement and identification," Journal of Monetary Economics, Elsevier, vol. 79(C), pages 30-48.
    56. Francesco Pappadà, 2022. "The Dynamics of Tax Compliance," Working Papers halshs-03634401, HAL.
    57. Christis Katsouris, 2023. "Structural Analysis of Vector Autoregressive Models," Papers 2312.06402, arXiv.org, revised Feb 2024.
    58. João Tovar Jalles, 2019. "Explaining Africa’s Public Consumption Procyclicality: Revisiting Old Evidence," Working Papers REM 2019/0100, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    59. Osswald, Benjamin & Sureth, Caren, 2018. "Do country risk factors attenuate the effect of taxes on corporate risk-taking?," arqus Discussion Papers in Quantitative Tax Research 235, arqus - Arbeitskreis Quantitative Steuerlehre.
    60. Pessino, Carola & Izquierdo, Alejandro & Vuletin, Guillermo, 2018. "Better Spending for Better Lives: How Latin America and the Caribbean Can Do More with Less," IDB Publications (Books), Inter-American Development Bank, number 9152, November.
    61. José M Durán‐Cabré & Alejandro Esteller‐Moré & Luca Salvadori, 2020. "Cyclical Tax Enforcement," Economic Inquiry, Western Economic Association International, vol. 58(4), pages 1874-1893, October.
    62. Tavares, Tiago, 2015. "The Role of International Reserves in Sovereign Debt Restructuring under Fiscal Adjustment," MPRA Paper 66962, University Library of Munich, Germany.
    63. Laura Alfaro, 2016. "Fiscal Rules and Sovereign Default," 2016 Meeting Papers 209, Society for Economic Dynamics.
    64. Ardanaz, Martín & Izquierdo, Alejandro, 2017. "Current Expenditure Upswings in Good Times and Capital Expenditure Downswings in Bad Times?: New Evidence from Developing Countries," IDB Publications (Working Papers) 8558, Inter-American Development Bank.
    65. He, Eric & Jacob, Martin & Vashishtha, Rahul & Venkatachalam, Mohan, 2022. "Does differential taxation of short-term relative to long-term capital gains affect long-term investment?," Journal of Accounting and Economics, Elsevier, vol. 74(1).
    66. Paddy Carter & Alex Cobham, 2016. "Are taxes good for your health?," WIDER Working Paper Series wp-2016-171, World Institute for Development Economic Research (UNU-WIDER).
    67. Ignacio Lozano-Espitia & Fernando Arias-Rodríguez, Jesus Bejarano & Andres Gonzalez, Clark Granger-Castaño & Franz Hamann, Yurany Hernández-Turca & Juan Manuel Julio-Román, Martha López & Juan C. Mend, 2019. "La política fiscal y la estabilización macroeconómica en Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, issue 90, pages 1-60, April.
    68. Carlos A Vegh & Guillermo Vuletin, 2014. "The Road to Redemption: Policy Response to Crises in Latin America," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 62(4), pages 526-568, November.
    69. Lucia Rossel Flores & Martijn Huysmans & Joras Ferwerda, 2024. "The political business cycle of tax reforms," Public Choice, Springer, vol. 200(1), pages 65-88, July.
    70. Francisca Guedes de Oliveira & Leonardo Costa, 2013. "The Vat Laffer Curve And The Business Cycle," Working Papers de Economia (Economics Working Papers) 02, Católica Porto Business School, Universidade Católica Portuguesa.
    71. Jalles, João Tovar, 2018. "Fiscal rules and fiscal counter-cyclicality," Economics Letters, Elsevier, vol. 170(C), pages 159-162.
    72. Nicoletta Batini & Alessandro Cantelmo & Giovanni Melina & Stefania Villa, 2020. "How Loose, how tight? A measure of monetary and fiscal stance for the euro area," Temi di discussione (Economic working papers) 1295, Bank of Italy, Economic Research and International Relations Area.
    73. Stefan Niemann & Paul Pichler, 2020. "Online Appendix to "Optimal fiscal policy and sovereign debt crises"," Online Appendices 18-382, Review of Economic Dynamics.
    74. Sofia Bauducco & Francesco Caprioli, 2011. "Optimal Fiscal Policy in a Small Open Economy with Limited Commitment," Working Papers Central Bank of Chile 644, Central Bank of Chile.
    75. Hongsheng Fang & Wen‐Quan Hu & Ruhua Shi & Xufei Zhang, 2023. "The Chinese‐style macroeconomic control: The role of state‐owned enterprises," The World Economy, Wiley Blackwell, vol. 46(3), pages 702-725, March.
    76. Tavares, Tiago, 2015. "Labor Market Distortions under Sovereign Default Crises," MPRA Paper 66964, University Library of Munich, Germany.
    77. Luis Ignacio Lozano Espitia & Ligia Alba Melo-Becerra & Jorge Enrique Ramos, 2016. "La política fiscal frente a los flujos de capital: evidencia para algunos países de América Latina," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 35(62), pages 53-85, July.
    78. Hayley Pallan, 2022. "Sovereign Spreads and Corporate Taxation," IHEID Working Papers 15-2022, Economics Section, The Graduate Institute of International Studies.
    79. Siming Liu & Hewei Shen, 2018. "Fiscal Commitment and Sovereign Default Risk," CAEPR Working Papers 2018-003, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    80. Prein, Timm, 2019. "Persistent Unemployment, Sovereign Debt Crises, and the Impact of Haircuts," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203654, Verein für Socialpolitik / German Economic Association, revised 2019.
    81. Xu, Kun & Xu, Wenli, 2015. "中国政府消费支出对经济波动的传导机理分析 [Study on Influential Mechanism Between Government Expenditure of Consumption and Economic Fluctuation]," MPRA Paper 70994, University Library of Munich, Germany, revised Dec 2015.
    82. Michel Strawczynski, 2022. "Cyclicality of Tax Expenditures: The Case of Israel," Bank of Israel Working Papers 2022.04, Bank of Israel.
    83. Reicher, Claire, 2014. "A set of estimated fiscal rules for a cross-section of countries: Stabilization and consolidation through which instruments?," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 184-198.
    84. Granda, C. & García, D., 2020. "Informality, tax policy and the business cycle: Exploring the links," Documentos de trabajo - Alianza EFI 19123, Alianza EFI.
    85. Chrysanthakopoulos, Christos & Tagkalakis, Athanasios, 2023. "Fiscal rules and tax policy cyclicality," Economics Letters, Elsevier, vol. 225(C).
    86. Loujaina Abdelwahed & Georgios Karras, 2021. "Did 272 billion dollars from China help stabilize business cycle fluctuations in recipient countries?," Review of International Economics, Wiley Blackwell, vol. 29(2), pages 314-358, May.
    87. Aizenman, Joshua & Jinjarak, Yothin & Nguyen, Hien Thi Kim & Park, Donghyun, 2019. "Fiscal space and government-spending and tax-rate cyclicality patterns: A cross-country comparison, 1960–2016," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 229-252.
    88. Christine Olivia Strong, 2023. "The impact of fiscal rules on government debt: evidence from the CFA zone," Empirical Economics, Springer, vol. 65(5), pages 2357-2391, November.
    89. Jalles, João Tovar, 2020. "Social expenditure cyclicality: New time-varying evidence in developing economies," Economic Systems, Elsevier, vol. 44(3).
    90. Savu, A., 2021. "The Local Political Economy of Austerity: Lessons from Hospital Closures in Romania," Cambridge Working Papers in Economics 2120, Faculty of Economics, University of Cambridge.
    91. Tavares, Tiago, 2019. "Labor market distortions under sovereign debt default crises," Journal of Economic Dynamics and Control, Elsevier, vol. 108(C).
    92. Go Kotera & Saisuke Sakai, 2018. "Policy Simulation of Government Expenditure and Taxation Based on the DSGE Model," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 14(4), pages 613-640, July.
    93. Acosta-Henao, Miguel, 2023. "Law enforcement and the size of the informal sector," Economic Modelling, Elsevier, vol. 126(C).
    94. Besart Avdiu, 2019. "Information Frictions and Tax Inertia," Economics Bulletin, AccessEcon, vol. 39(3), pages 2210-2220.
    95. Kambale Kavese & Andrew Phiri, 2019. "Fiscal cyclicality in South African public expenditures: Do asymmetries explain inconsistencies?," Working Papers 1909, Department of Economics, Nelson Mandela University, revised Sep 2019.
    96. Aizenman, Joshua & Jinjarak, Yothin & Nguyen, Hien Thi Kim & Park, Donghyun, 2019. "Fiscal Space and Increasing Fiscal Resilience," ADB Economics Working Paper Series 582, Asian Development Bank.
    97. Camous, Antoine & Gimber, Andrew R., 2018. "Public debt and fiscal policy traps," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 239-259.
    98. Furceri Davide & Jalles João Tovar, 2019. "Fiscal counter-cyclicality and productive investment: evidence from advanced economies," The B.E. Journal of Macroeconomics, De Gruyter, vol. 19(1), pages 1-15, January.
    99. Froemel, Maren & Paczos, Wojtek, 2024. "Imperfect financial markets and the cyclicality of social spending," European Economic Review, Elsevier, vol. 167(C).
    100. Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," CERDI Working papers halshs-01015756, HAL.
    101. Durán Leyre Gómez-Oliveros & Niemann Stefan & Pichler Paul, 2020. "Fiscal policy and the output costs of sovereign default," The B.E. Journal of Macroeconomics, De Gruyter, vol. 20(1), pages 1-11, January.
    102. Abdelwahed, Loujaina, 2020. "More oil, more or less taxes? New evidence on the impact of resource revenue on domestic tax revenue," Resources Policy, Elsevier, vol. 68(C).
    103. Pierre MANDON, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," Working Papers 201414, CERDI.
    104. Javier Torres & Alexandra Málaga & Rodrigo Chang, 2019. "Cyclicality of Fiscal Transfers for a Latin American Small Open Economy: The Perils of Earmarked Transfers," Working Papers 155, Peruvian Economic Association.
    105. Andrea Papadia, 2024. "Fiscal policy under constraints: Fiscal capacity and austerity during the Great Depression," Economic History Review, Economic History Society, vol. 77(1), pages 90-118, February.
    106. Noa Srebrnik & Michel Strawczynski, 2016. "Cyclicality of taxes and external debt," Applied Economics, Taylor & Francis Journals, vol. 48(48), pages 4622-4634, October.
    107. Jalles, João Tovar, 2021. "Dynamics of government spending cyclicality," Economic Modelling, Elsevier, vol. 97(C), pages 411-427.
    108. Reicher, Claire A., 2014. "Fiscal targeting rules and macroeconomic stability under distortionary taxation," Kiel Working Papers 1968, Kiel Institute for the World Economy (IfW Kiel).
    109. Frömel, Maren, 2013. "Imperfect Financial Markets, External Debt, and the Cyclicality of Social Transfers," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79820, Verein für Socialpolitik / German Economic Association.
    110. Bruehne, Alissa & Jacob, Martin & Schütt, Harm, 2024. "Technological changes and countries’ tax policy design: Evidence from anti-tax avoidance rules," Other publications TiSEM 748e1c3d-7b53-447d-9637-5, Tilburg University, School of Economics and Management.
    111. Ren Yishuai & Jiang Yong & Ma Chaoqun & Liu Jianglong & Chen Jing, 2021. "Will Tax Burden Be a Stumbling Block to Carbon-Emission Reduction? Evidence from OECD Countries," Journal of Systems Science and Information, De Gruyter, vol. 9(4), pages 335-355, August.
    112. Gaetano Lisi, 2021. "Can the AD-AS Model Explain the Presence and Persistence of the Underground Economy? Evidence from Italy," Economies, MDPI, vol. 9(4), pages 1-11, November.
    113. Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," Working Papers halshs-01015760, HAL.
    114. Stoyan Tanchev, 2021. "How the proportional income taxation increases inequality in Bulgaria," Journal of Tax Reform, Graduate School of Economics and Management, Ural Federal University, vol. 7(3), pages 244-254.

  19. Jeffrey Frankel & Carlos A. Vegh & Guillermo Vuletin, 2012. "On Graduation from Fiscal Procyclicality," CID Working Papers 248, Center for International Development at Harvard University.

    Cited by:

    1. Bashar, Omar H.M.N. & Bhattacharya, Prasad Sankar & Wohar, Mark E., 2017. "The cyclicality of fiscal policy: New evidence from unobserved components approach," Journal of Macroeconomics, Elsevier, vol. 53(C), pages 222-234.
    2. Taner Turan & Pelin Varol Iyidogan, 2022. "Estimating Fiscal Reaction Functions for Developing and Developed Countries: A Dynamic Panel Threshold Analysis," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(5), pages 393-410, May.
    3. Tamon Asonuma & Hyungseok Joo, 2023. "Sovereign Defaults and Debt Restructurings: Public Capital and Fiscal Constraint Tightness," School of Economics Discussion Papers 0323, School of Economics, University of Surrey.
    4. Lopez-Martin, Bernabe & Leal, Julio & Martinez Fritscher, Andre, 2019. "Commodity price risk management and fiscal policy in a sovereign default model," Journal of International Money and Finance, Elsevier, vol. 96(C), pages 304-323.
    5. Brüeckner,Markus & Carneiro,Francisco Galrao, 2015. "The effects of volatility, fiscal policy cyclicality and financial development on growth : evidence for the Eastern Caribbean," Policy Research Working Paper Series 7507, The World Bank.
    6. Reinhart, Carmen, 2019. "The Curious Case of the Missing Defaults," Working Paper Series rwp19-004, Harvard University, John F. Kennedy School of Government.
    7. Ceyhun Elgin & M. ayhan Köse & Franziska Ohnsorge & Shu Yu, 2021. "Understanding Informality Abstract:," Working Papers 2021/03, Bogazici University, Department of Economics.
    8. Alou Adessé Dama, 2021. "Exploring Tilly’s Theory : Violent Conflicts and Tax Revenue in Sub-Saharan Africa," Working Papers hal-03401539, HAL.
    9. José De Gregorio & Felipe Labbé, 2011. "Copper, the Real Exchange Rate and Macroeconomic Fluctuations in Chile," Working Papers Central Bank of Chile 640, Central Bank of Chile.
    10. Ouedraogo, Rasmane & Sourouema, Windemanegda Sandrine, 2018. "Fiscal policy pro-cyclicality in Sub-Saharan African countries: The role of export concentration," Economic Modelling, Elsevier, vol. 74(C), pages 219-229.
    11. Jeffrey Frankel, 2012. "What Small Countries Can Teach the World," Growth Lab Working Papers 33, Harvard's Growth Lab.
    12. Ardanaz, Martín & Hübscher, Evelyne & Keefer, Philip & Sattler, Thomas, 2023. "Why Do Voters Support Procyclical Fiscal Policies? Experimental Evidence from Latin America," IDB Publications (Working Papers) 12779, Inter-American Development Bank.
    13. Joshua Aizenman & Yothin Jinjarak & Hien Thi Kim Nguyen & Donghyun Park, 2018. "Fiscal Space and Government-Spending & Tax-Rate Cyclicality Patterns: A Cross-Country Comparison, 1960-2016," NBER Working Papers 25012, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Javier Bianchi & Juan Carlos Hatchondo & Leonardo Martinez, 2013. "International reserves and rollover risk," Working Paper 13-01, Federal Reserve Bank of Richmond.
    2. Comelli, Fabio, 2012. "Emerging market sovereign bond spreads: Estimation and back-testing," Emerging Markets Review, Elsevier, vol. 13(4), pages 598-625.
    3. Fernando Eguren Martin & Mark Joy & Claudia Maurini & Alessandro Moro & Valerio Nispi Landi & Alessandro Schiavone & Carlos van Hombeeck, 2020. "Capital flows during the pandemic: lessons for a more resilient international financial architecture," Questioni di Economia e Finanza (Occasional Papers) 589, Bank of Italy, Economic Research and International Relations Area.
    4. Iancu, Aurel & Olteanu, Dan Constantin, 2022. "Procyclical and Countercyclical Fiscal Policies in non-Euro EU Member Countries," Working Papers of National Institute for Economic Research 221220, Institutul National de Cercetari Economice (INCE).
    5. Amanda M. Michaud & Jacek Rothert, 2017. "Redistributive Fiscal Policies and Business Cycles in Emerging Economies," Working Papers (Old Series) 1709, Federal Reserve Bank of Cleveland.
    6. Thornton, John & Vasilakis, Chrysovalantis, 2017. "Inflation targeting and the cyclicality of monetary policy," Finance Research Letters, Elsevier, vol. 20(C), pages 296-302.
    7. Gustavo Adler & Mr. Ruy Lama & Juan Pablo Medina Guzman, 2016. "Foreign Exchange Intervention under Policy Uncertainty," IMF Working Papers 2016/067, International Monetary Fund.
    8. Ngomba Bodi, Francis Ghislain, 2022. "External constraint and procyclicality of monetary policy of the Bank of Central African States (BEAC)," MPRA Paper 116375, University Library of Munich, Germany.
    9. Jeffrey A. Frankel & Carlos A. Végh & Guillermo Vuletin, 2011. "On Graduation from Fiscal Procyclicality," NBER Working Papers 17619, National Bureau of Economic Research, Inc.
    10. Tito Cordella & Pablo M. Federico & Carlos A. Vegh & Guillermo Vuletin, 2014. "Reserve Requirements in the Brave New Macroprudential World," World Bank Publications - Books, The World Bank Group, number 17584.
    11. Kosta Josifidis & Jean-Pierre Allegret & Céline Gimet & Emilija Beker Pucar, 2014. "Macroeconomic policy responses to financial crises in emerging European economies," Post-Print halshs-00976661, HAL.
    12. Wenxin Du & Carolin E. Pflueger & Jesse Schreger, 2016. "Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy," NBER Working Papers 22592, National Bureau of Economic Research, Inc.
    13. Jonathan Scott Davis, 2017. "External debt and monetary policy autonomy," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 35(82), pages 53-63, April.
    14. van Roye, Björn & Floro, Danvee, 2017. "Threshold effects of financial stress on monetary policy rules: a panel data analysis," Working Paper Series 2042, European Central Bank.
    15. Asif Ahmad & Richard Mcmanus & Gulcin Ozkan, 2024. "Does fear of floating shape monetary policy and does it matter?," Economics Bulletin, AccessEcon, vol. 44(3), pages 1055-1095.
    16. Cordella, Tito & Gupta, Poonam, 2015. "What makes a currency procyclical? An empirical investigation," Journal of International Money and Finance, Elsevier, vol. 55(C), pages 240-259.
    17. Ocampo, José Antonio & Ojeda-Joya, Jair, 2022. "Supply shocks and monetary policy responses in emerging economies," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(4).
    18. Luis Morano & Carlos A. Vegh & Diego Friedheim & Diego Rojas, "undated". "Between a Rock and a Hard Place," World Bank Publications - Reports 28443, The World Bank Group.
    19. Checo, Ariadne & Grigoli, Francesco & Sandri, Damiano, 2024. "Monetary Policy Transmission in Emerging Markets: Proverbial Concerns, Novel Evidence," CEPR Discussion Papers 18954, C.E.P.R. Discussion Papers.
    20. Linde, Jesper & Adrian, Tobias & Erceg, Christopher J. & Zabczyk, Pawel & Zhou, Jianping, 2020. "A Quantitative Model for the Integrated Policy Framework," CEPR Discussion Papers 15065, C.E.P.R. Discussion Papers.
    21. Pablo Federico & Carlos A. Vegh & Guillermo Vuletin, 2014. "Reserve Requirement Policy over the Business Cycle," IMES Discussion Paper Series 14-E-06, Institute for Monetary and Economic Studies, Bank of Japan.
    22. Louphou Coulibaly, 2019. "Monetary Policy in Sudden Stop-prone Economies," 2019 Meeting Papers 529, Society for Economic Dynamics.
    23. José Andrée Camarena & Luciana Galeano & Luis Morano & Jorge Puig & Daniel Riera-Crichton & Carlos Vegh & Lucila Venturi & Guillermo Vuletin, 2019. "Fooled by the Cycle: Permanent versus Cyclical Improvements in Social Indicators," NBER Working Papers 26199, National Bureau of Economic Research, Inc.
    24. Woon Gyu Choi & Taesu Kang & Geun-Young Kim & Byongju Lee, 2017. "Global Liquidity Transmission to Emerging Market Economies, and Their Policy Responses," IMF Working Papers 2017/222, International Monetary Fund.
    25. Mishra, Prachi & Montiel, Peter & Pedroni, Peter & Spilimbergo, Antonio, 2014. "Monetary policy and bank lending rates in low-income countries: Heterogeneous panel estimates," Journal of Development Economics, Elsevier, vol. 111(C), pages 117-131.
    26. Szilágyi, Katalin & Kiss, Áron, 2014. "Miért más ez a válság, mint a többi?. Az adósságleépítés szerepe a nagy recesszióban [Why is this crisis different?. The role of deleveraging in the great recession]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 949-974.
    27. Sonali Das, 2015. "Monetary Policy in India: Transmission to Bank Interest Rates," IMF Working Papers 2015/129, International Monetary Fund.
    28. Ashima Goyal & Bhavyaa Sharma, 2015. "Government expenditure in India: Composition, cyclicality and multipliers," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2015-032, Indira Gandhi Institute of Development Research, Mumbai, India.
    29. John B. Taylor, 2016. "Rethinking the International Monetary System," Cato Journal, Cato Journal, Cato Institute, vol. 36(2), pages 239-250, Spring/Su.
    30. Hoda Youssef & Ibrahim Elbadawi & Raimundo Soto, 2018. "Sovereign Wealth Funds and Macroeconomic Stabilization in the Home Economy," Working Papers 1175, Economic Research Forum, revised 29 Mar 2008.
    31. Jean-Pierre Allegret, 2012. "Responses of monetary authorities in emerging economies to international financial crises: what do we really know?," Post-Print hal-01411622, HAL.
    32. Audrey Allegret-Sallenave & Jean-Pierre Allegret, 2015. "Capital Flows and Boom-Bust Cycle in Emerging Europe. Responses to the volatile fi nancial global context," Post-Print hal-03574763, HAL.
    33. Rojas Alvarado,Luis Diego & Vegh,Carlos & Vuletin,Guillermo Javier, 2022. "The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach," Policy Research Working Paper Series 10145, The World Bank.
    34. Abiad, Abdul & Bluedorn, John & Guajardo, Jaime & Topalova, Petia, 2015. "The Rising Resilience of Emerging Market and Developing Economies," World Development, Elsevier, vol. 72(C), pages 1-26.
    35. Jean‐Pierre Allegret & Audrey Allegret, 2019. "Did foreign exchange holding influence growth performance during the global financial crisis?," The World Economy, Wiley Blackwell, vol. 42(3), pages 680-710, March.
    36. Yildirim, Zekeriya, 2022. "Global financial risk, the risk-taking channel, and monetary policy in emerging markets," Economic Modelling, Elsevier, vol. 116(C).
    37. José De Gregorio, 2019. "Inflation Targets in Latin America," Working Paper Series WP19-19, Peterson Institute for International Economics.
    38. Itchoko Motande Mondjeli Mwa Ndjokou and Christophe Martial Mbassi, 2018. "Does Financial Development Explain the Cyclicality of Monetary Policy in Sub-saharan Africa?," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 43(4), pages 71-84, December.
    39. Aline Gadelha & José Angelo Divino, 2021. "Institutions and Cyclicality of the Fiscal and Monetary Policies in Brazil," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(4), pages 1-25, April.
    40. Aizenman, Joshua, 2019. "A modern reincarnation of Mundell-Fleming's trilemma," Economic Modelling, Elsevier, vol. 81(C), pages 444-454.
    41. Jorge Thompson Araujo & Markus Brueckner & Mateo Clavijo & Ekaterina Vostroknutova & Konstantin M. Wacker, 2014. "Benchmarking the Determinants of Economic Growth in Latin America and the Caribbean," World Bank Publications - Reports 21318, The World Bank Group.
    42. Jean-Pierre Allegret & Audrey Allegret-Sallenave, 2015. "Capital Flow Bonanzas and Monetary Policy in Emerging Europe: Responses to the Global Financial Crisis," Post-Print hal-01385959, HAL.
    43. Medina, Juan Pablo & Soto, Claudio, 2016. "Commodity prices and fiscal policy in a commodity exporting economy," Economic Modelling, Elsevier, vol. 59(C), pages 335-351.
    44. Carlos A Vegh & Guillermo Vuletin, 2014. "The Road to Redemption: Policy Response to Crises in Latin America," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 62(4), pages 526-568, November.
    45. Fink, Fabian & Schüler, Yves S., 2015. "The transmission of US systemic financial stress: Evidence for emerging market economies," Journal of International Money and Finance, Elsevier, vol. 55(C), pages 6-26.
    46. Tolga Dağlaroğlu & Baki Demirel & Syed F. Mahmud, 2018. "Monetary policy implications of short-term capital flows in Turkey," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 45(4), pages 747-763, November.
    47. Graciela Laura Kaminsky, 2016. "Globalization in the Periphery: Monetary Policy: What is Gained, What is Lost," Working Papers 2016-26, The George Washington University, Institute for International Economic Policy.
    48. Costa Junior, Celso J. & Garcia-Cintado, Alejandro C., 2021. "Rent-seeking in an emerging market: A DSGE approach," Economic Systems, Elsevier, vol. 45(2).
    49. Jorge Thompson Araujo & Markus Brueckner & Mateo Clavijo & Ekaterina Vostroknutova & Konstantin M. Wacker, 2014. "Beyond Commodities," World Bank Publications - Reports 21807, The World Bank Group.
    50. Mr. Donal McGettigan & Mr. Kenji Moriyama & Mr. Jean F Noah Ndela Ntsama & Mr. Francois Painchaud & Mr. Haonan Qu & Mr. Chad Steinberg, 2013. "Monetary Policy in Emerging Markets: Taming the Cycle," IMF Working Papers 2013/096, International Monetary Fund.
    51. Borensztein, Eduardo & Castilleja Vargas, Liliana & Hernaiz, Daniel & Rasteletti, Alejandro, 2012. "International Crises and Policy Responses in the Southern Cone," IDB Publications (Working Papers) 4189, Inter-American Development Bank.
    52. Gupta,Poonam - DECOS, 2016. "Capital flows and central banking : the Indian experience," Policy Research Working Paper Series 7569, The World Bank.
    53. John B. Taylor, 2014. "Inflation Targeting In Emerging Markets: The Global Experience," Economics Working Papers 14112, Hoover Institution, Stanford University.
    54. Mr. Bas B. Bakker & Marta Korczak & Mr. Krzysztof Krogulski, 2019. "Unemployment Surges in the EU: The Role of Risk Premium Shocks," IMF Working Papers 2019/056, International Monetary Fund.
    55. Hebatalla Atef Emam, 2024. "Examining Monetary Policy Cyclicality in Egypt during Crisis Time: Global Financial Crisis versus COVID-19 Pandemic," International Journal of Economics and Financial Issues, Econjournals, vol. 14(1), pages 107-116, January.
    56. Zhandos Ybrayev & Olzhas Kubenbayev & Akylzhan Baimagambetov, 2024. "Macroeconomic effects of fiscal rules for a commodity-exporting economy: avoiding procyclical bias in Kazakhstan," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 17(2), pages 271-294, May.
    57. van Holle, Frederiek, 2017. "Essays in empirical finance and monetary policy," Other publications TiSEM 30d11a4b-7bc9-4c81-ad24-5, Tilburg University, School of Economics and Management.
    58. Aaron Mehrotra & Ken Miyajima & Agustin Villar, 2012. "Developments of domestic government bond markets in EMEs and their implications," BIS Papers chapters, in: Bank for International Settlements (ed.), Fiscal policy, public debt and monetary policy in emerging market economies, volume 67, pages 31-50, Bank for International Settlements.
    59. Araujo, Juliana D. & David, Antonio C. & van Hombeeck, Carlos & Papageorgiou, Chris, 2017. "Joining the club? Procyclicality of private capital inflows in lower income developing economies," Journal of International Money and Finance, Elsevier, vol. 70(C), pages 157-182.
    60. Ch. Buelens, 2013. "Decoupled and resilient? The changing role of emerging market economies in an interconnected world," Economic Review, National Bank of Belgium, issue ii, pages 23-39, September.
    61. Ryan Niladri Banerjee & Valerie Boctor & Aaron Mehrotra & Fabrizio Zampolli, 2023. "Fiscal sources of inflation risk in EMDEs: the role of the external channel," BIS Working Papers 1110, Bank for International Settlements.

  21. Guillermo Javier Vuletin, 2008. "Measuring the Informal Economy in Latin America and the Caribbean," IMF Working Papers 2008/102, International Monetary Fund.

    Cited by:

    1. A. P. Kireenko & E. N. Nevzorova, 2019. "Shadow Economy in the Countryside of Russian Regions," Regional Research of Russia, Springer, vol. 9(1), pages 66-77, January.
    2. de Vries, Gaaitzen J. & Erumban, Abdul A. & Timmer, Marcel P. & Voskoboynikov, Ilya & Wu, Harry X., 2012. "Deconstructing the BRICs: Structural transformation and aggregate productivity growth," Journal of Comparative Economics, Elsevier, vol. 40(2), pages 211-227.
    3. Friedrich Schneider, 2017. "Shadow Economies around the World: New Results for 158 Countries over 1991-2015," Economics working papers 2017-10, Department of Economics, Johannes Kepler University Linz, Austria.
    4. Richard M. Bird & Michael Smart, 2012. "Financing Social Expenditures in Developing Countries: Payroll or Value Added Taxes?," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1206, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    5. Friedrich Schneider, 2014. "In the Shadow of the State – The Informal Economy and Informal Economy Labor Force," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 4, pages 227-248, December.
    6. Mai Hassan & Friedrich Schneider, 2016. "Modelling the Egyptian Shadow Economy: A Currency Demand and A MIMIC Model Approach," CESifo Working Paper Series 5727, CESifo.
    7. Friedrich Schneider, 2014. "Outside the State - the Shadow Economy and Shadow Economy Labor Force," CESifo Working Paper Series 4829, CESifo.
    8. Eduardo Lora & Deisy Johanna Fajardo, 2012. "Employment and Taxes in Latin America: An Empirical Study of the Effects of Payroll, Corporate Income and Value-Added Taxes on Labor Outcomes," Research Department Publications 4791, Inter-American Development Bank, Research Department.
    9. Brambila Macias, Jose, 2008. "The Dynamics of Parallel Economies. Measuring the Informal Sector in México," MPRA Paper 8400, University Library of Munich, Germany.
    10. Paraskevi Koufopoulou & Colin C. Williams & Athanassios Vozikis & Kyriakos Souliotis & Antonios Samprakos, 2021. "Estimating Shadow Economy Size in Greece 2000 - 2018: A Flexible MIMIC Approach," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 71(3-4), pages 23-47, July-Dece.
    11. Dan Andrews & Aida Caldera Sánchez & Åsa Johansson, 2011. "Towards a Better Understanding of the Informal Economy," OECD Economics Department Working Papers 873, OECD Publishing.
    12. Pedroni, Florencia Verónica & Briozzo, Anahí & Pesce, Gabriela, 2022. "Firm-level determinants of business tax evasion in emerging economies: the case of Argentina [Determinantes microeconómicos de la evasión tributaria empresarial en economías emergentes: el caso de ," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 34(1), pages 83-117, December.
    13. Luisanna Onnis & Patrizio Tirelli, 2011. "Institutions, policies and economic development. What are the causes of the shadow economy?," Working Papers 206, University of Milano-Bicocca, Department of Economics, revised Mar 2011.
    14. Leandro Medina & Friedrich Schneider, 2019. "Shedding Light on the Shadow Economy: A Global Database and the Interaction with the Official One," CESifo Working Paper Series 7981, CESifo.
    15. Schneider, Friedrich, 2014. "The Shadow Economy and Shadow Labor Force: A Survey of Recent Developments," IZA Discussion Papers 8278, Institute of Labor Economics (IZA).
    16. Cordelia Onyinyechi Omodero, 2020. "Taxation Income, Graft and Informal Sector Operations in Nigeria in Relation to Other African Countries," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(2), pages 163-172, April.
    17. Florencia Verónica Pedroni & Anahí Briozzo & Gabriela Pesce, 2022. "Determinants of unreported income in Latin American companies: a business perspective," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 16(1), pages 58-83.
    18. Santos-Pérez, Rubén, 2016. "Estimación de la economía informal para México mediante un método monetario, 1970-2012," eseconomía, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 11(45), pages 71-103, Segundo s.
    19. Antonio N. Bojanic, 2018. "The Impact of Fiscal Decentralization on Accountability, Economic Freedom, and Political and Civil Liberties in the Americas," Economies, MDPI, vol. 6(1), pages 1-20, February.
    20. Mr. Ben Kelmanson & Koralai Kirabaeva & Leandro Medina & Borislava Mircheva & Jason Weiss, 2019. "Explaining the Shadow Economy in Europe: Size, Causes and Policy Options," IMF Working Papers 2019/278, International Monetary Fund.
    21. Pokorny, Benno & de Jong, Wil & Godar, Javier & Pacheco, Pablo & Johnson, James, 2013. "From large to small: Reorienting rural development policies in response to climate change, food security and poverty," Forest Policy and Economics, Elsevier, vol. 36(C), pages 52-59.
    22. Sara Wong, 2017. "Minimum wage impacts on wages and hours worked of low-income workers in Ecuador," Working Papers PMMA 2017-14, PEP-PMMA.
    23. Manamba EPAPHRA & Moga Tano JILENGA, 2017. "Currency Demand, the Subterranean Economy and Tax Evasion: The Case of Tanzania," Journal of Economic and Social Thought, KSP Journals, vol. 4(2), pages 187-211, June.
    24. Pavnesh Kumar, 2013. "BRICS:The rise of sleeping giant," Working papers 2013-6-17, Voice of Research.
    25. Jos� Brambila Macias & Guido Cazzavillan, 2008. "Modelling the Informal Economy in Mexico. A Structural Equation Approach," Working Papers 2008_41, Department of Economics, University of Venice "Ca' Foscari".
    26. Friedrich Schneider & Mangirdas Morkunas & Erika Quendler, 2023. "An estimation of the informal economy in the agricultural sector in the EU‐15 from 1996 to 2019," Agribusiness, John Wiley & Sons, Ltd., vol. 39(2), pages 406-447, March.
    27. Omodero Cordelia Onyinyechi, 2019. "The Consequences of Shadow Economy and Corruption on Tax Revenue Performance in Nigeria," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 29(3), pages 64-79, September.
    28. Jos� Brambila Macias & Guido Cazzavillan, 2008. "The Dynamics of Parallel Economies. Measuring the Informal Sector in M�xico," Working Papers 2008_42, Department of Economics, University of Venice "Ca' Foscari".
    29. Acosta-Henao, Miguel, 2023. "Law enforcement and the size of the informal sector," Economic Modelling, Elsevier, vol. 126(C).
    30. Pasovic Edin & Efendic Adnan S., 2018. "Informal Economy in Bosnia and Herzegovina – An Empirical Investigation," South East European Journal of Economics and Business, Sciendo, vol. 13(2), pages 112-125, December.
    31. Alban Asllani & Roberto Dell'Anno & Friedrich Schneider, 2024. "Mapping the Informal Economy Around the World with an Enhanced MIMIC Approach: New Estimates for 110 Countries from 1997-2022," CESifo Working Paper Series 11416, CESifo.
    32. Vargas, Jose P Mauricio, 2012. "To be or not to be informal?: A Structural Simulation," MPRA Paper 41290, University Library of Munich, Germany.
    33. Mai HASSAN & Friedrich SCHNEIDER, 2016. "Modelling the Egyptian Shadow Economy: A MIMIC model and A Currency Demand approach," Journal of Economics and Political Economy, KSP Journals, vol. 3(2), pages 309-339, June.
    34. Schneider Friedrich, 2015. "Schattenwirtschaft und Schattenarbeitsmarkt: Die Entwicklungen der vergangenen 20 Jahre," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(1), pages 3-25, March.
    35. Victor Adame & David Tuesta, 2017. "The labyrinth of the informal economy: measurement strategies and impacts," Working Papers 17/18, BBVA Bank, Economic Research Department.
    36. Mr. Mauricio Vargas, 2015. "Informality in Paraguay: Macro-Micro Evidence and Policy Implications," IMF Working Papers 2015/245, International Monetary Fund.
    37. Misbah Kiani & Adeel Ahmed & Khalid Zaman, 2015. "Combining qualitative and quantitative approaches for measuring underground economy of Pakistan," Quality & Quantity: International Journal of Methodology, Springer, vol. 49(1), pages 295-317, January.
    38. Bennihi, Aymen Salah & Bouriche, Lahcene & Schneider, Friedrich, 2021. "The informal economy in Algeria: New insights using the MIMIC approach and the interaction with the formal economy," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 470-491.
    39. Antonio N. Bojanic, 2016. "Fiscal Decentralization, Economic Freedom, and Political and Civil Liberties in the Americas," Working Papers 1609, Tulane University, Department of Economics.
    40. Mr. Yasser Abdih & Leandro Medina, 2013. "Measuring the Informal Economy in the Caucasus and Central Asia," IMF Working Papers 2013/137, International Monetary Fund.

  22. Guillermo J. Vuletin, 2004. "Exchange Rate Regimes And Fiscal Performance. Do Fixed Exchange Rate Regimes Generate More Discipline Than Flexible Ones?," Econometric Society 2004 North American Winter Meetings 474, Econometric Society.

    Cited by:

    1. Claude Bismut & Darine Ghanem, 2009. "This paper investigates empirically the reasons behind the popularity of fixed adjustable pegs in the Middle East North Africa region (MENA). We have used an ordered multinomial random effects probit ," Working Papers 09-10, LAMETA, Universtiy of Montpellier, revised Sep 2009.
    2. Alberola, Enrique & Molina, Luis & Navia, Daniel, 2007. "Say you fix, enjoy and relax. The deleterious effect of peg announcements on fiscal discipline in emerging markets," Emerging Markets Review, Elsevier, vol. 8(4), pages 328-338, December.
    3. Muhammad Naveed TAHIR & Faran ALI & Dawood MAMOON, 2016. "Appropriate Exchange Rate Regime for Economic Structure of Pakistan," Turkish Economic Review, KSP Journals, vol. 3(4), pages 629-641, December.
    4. Miss Liliana B Schumacher & Mr. Jiro Honda, 2006. "Adopting Full Dollarization in Postconflict Economies: Would the Gains Compensate for the Losses in Liberia?," IMF Working Papers 2006/082, International Monetary Fund.
    5. Nora Abu Asab & Juan Carlos Cuestas, 2017. "The Credibility of a Soft Pegged Exchange Rate in Emerging Market Economies: Evidence from a Panel Data Study," Annals of Economics and Finance, Society for AEF, vol. 18(1), pages 29-51, May.
    6. Guillermo Vuletin, 2013. "Exchange Rate Regimes And Fiscal Discipline: The Role Of Capital Controls," Economic Inquiry, Western Economic Association International, vol. 51(4), pages 2096-2109, October.
    7. Mashkoor, Asim & Ahmed, Ovais & Herani, Dr. Gobin, 2015. "The relationship between Foreign Currency trading and Economic Development: A case Study of Pakistan," MPRA Paper 64482, University Library of Munich, Germany.

  23. Jorge Carrera & Guillermo Vuletin, 2003. "The Effects of Exchange Rate Regimes on Real Exchange Rate Volatility. A Dynamic Panel Data Approach," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31st Brazilian Economics Meeting] c67, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

    Cited by:

    1. Maria Grydaki & Stilianos Fountas, 2010. "What Explains Nominal Exchange Rate Volatility? Evidence from the Latin American Countries," Discussion Paper Series 2010_10, Department of Economics, University of Macedonia, revised Jul 2010.
    2. Grossmann, Axel & Orlov, Alexei G., 2022. "Exchange rate misalignments, capital flows and volatility," The North American Journal of Economics and Finance, Elsevier, vol. 60(C).
    3. Grossmann, Axel & Love, Inessa & Orlov, Alexei G., 2014. "The dynamics of exchange rate volatility: A panel VAR approach," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 33(C), pages 1-27.
    4. An, Jiyoun & Park, Bokyeong, 2016. "External adjustment and trading partners’ exchange rate regimes," Japan and the World Economy, Elsevier, vol. 37, pages 47-54.
    5. Dudzich Viktar, 2020. "Relationships between exchange rate regime, real exchange rate volatility and currency structure of government bonds in emerging markets," Review of Economic Perspectives, Sciendo, vol. 20(1), pages 3-22, March.
    6. Michael W. Klein & Jay C. Shambaugh, 2006. "The Nature of Exchange Rate Regimes," NBER Working Papers 12729, National Bureau of Economic Research, Inc.
    7. Amalia Morales-Zumaquero & Simon Sosvilla-Rivero, "undated". "Structural Breaks in Volatility: Evidence from the OECD Real Exchange Rates," Working Papers 2004-22, FEDEA.
    8. Klein, Michael W. & Shambaugh, Jay C., 2008. "The dynamics of exchange rate regimes: Fixes, floats, and flips," Journal of International Economics, Elsevier, vol. 75(1), pages 70-92, May.
    9. Elena Pelinescu & Marioara Iordan & Mihaela-Nona Chilian, 2012. "Competitiveness Of The Romanian Economy From European Perspective," New Trends in Modelling and Economic Forecast (MEF 2011), ROMANIAN ACADEMY – INSTITUTE FOR ECONOMIC FORECASTING;"Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences, vol. 1(1), pages 86-104, January.
    10. Hans Genberg & Alexander K. Swoboda, 2004. "Exchange-Rate Regimes: "Does What Countries Say Matter?"," IHEID Working Papers 07-2004, Economics Section, The Graduate Institute of International Studies.
    11. Esaka, Taro, 2014. "Are consistent pegs really more prone to currency crises?," Journal of International Money and Finance, Elsevier, vol. 44(C), pages 136-163.
    12. Morales-Zumaquero, Amalia & Sosvilla-Rivero, Simon, 2010. "Structural breaks in volatility: Evidence for the OECD and non-OECD real exchange rates," Journal of International Money and Finance, Elsevier, vol. 29(1), pages 139-168, February.

Articles

  1. Rojas, Diego & Vegh, Carlos & Vuletin, Guillermo, 2022. "The macroeconomic effects of macroprudential policy: Evidence from a narrative approach," Journal of International Economics, Elsevier, vol. 139(C).
    See citations under working paper version above.
  2. Gunter, Samara & Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2021. "Non-linear effects of tax changes on output: The role of the initial level of taxation," Journal of International Economics, Elsevier, vol. 131(C).
    See citations under working paper version above.
  3. Pablo Federico & Carlos Vegh & Guillermo Vuletin, 2018. "The effect of capital-flows composition on output volatility," Económica, Instituto de Investigaciones Económicas, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 64, pages 95-132, January-D.
    See citations under working paper version above.
  4. Carlos A. Vegh & Guillermo Vuletin, 2016. "Unsticking the flypaper effect using distortionary taxation," Económica, Instituto de Investigaciones Económicas, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 62, pages 185-237, January-D.
    See citations under working paper version above.
  5. Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2016. "Tax multipliers: Pitfalls in measurement and identification," Journal of Monetary Economics, Elsevier, vol. 79(C), pages 30-48.
    See citations under working paper version above.
  6. Avellan, Leopoldo & Vuletin, Guillermo, 2015. "Fiscal procyclicality and output forecast errors," Journal of International Money and Finance, Elsevier, vol. 55(C), pages 193-204.

    Cited by:

    1. Jeffrey Frankel, 2017. "How to Cope with Volatile Commodity Export Prices: Four Proposals," CID Working Papers 335, Center for International Development at Harvard University.
    2. Leonel Muinelo-Gallo & Ronald Miranda, 2020. "The Behaviour of Social Transfers over the Business Cycle: Empirical Evidence of Uruguay," Hacienda Pública Española / Review of Public Economics, IEF, vol. 233(2), pages 25-54, June.
    3. Ardanaz, Martín & Ulloa-Suarez, Carolina & Valencia, Oscar, 2023. "Why Don't We Follow the Rules? Drivers of Compliance with Fiscal Policy Rules in Emerging Markets," IDB Publications (Working Papers) 13110, Inter-American Development Bank.
    4. Samara Gunter & Daniel Riera-Crichton & Carlos Vegh & Guillermo Vuletin, 2019. "Non-Linear Effects of Tax Changes on Output: The Role of the Initial Level of Taxation," NBER Working Papers 26570, National Bureau of Economic Research, Inc.
    5. James Cust & David Mihalyi, 2017. "Evidence for a Presource Curse? Oil discoveries, Elevated Expectations, and Growth Disappointments," OxCarre Working Papers 193, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    6. Paloviita, Maritta & Ikonen, Pasi, 2016. "How to explain errors in budget balance forecasts in euro area countries? Empirical evidence based on real-time data," Bank of Finland Research Discussion Papers 17/2016, Bank of Finland.
    7. João Tovar Jalles, 2019. "Explaining Africa’s Public Consumption Procyclicality: Revisiting Old Evidence," Working Papers REM 2019/0100, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    8. Avellán, Leopoldo & Galindo, Arturo J. & Lotti, Giulia, 2022. "Following public finances: The mirage of MDBs countercyclicality," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 372-385.
    9. Mr. Sampawende J Tapsoba & Mr. Robert C York & Neree C.G.M. Noumon, 2016. "Can Statistical Capacity Building Help Reduce Procyclical Fiscal Policy in Developing Countries?," IMF Working Papers 2016/209, International Monetary Fund.
    10. Gootjes, Bram & de Haan, Jakob, 2022. "Procyclicality of fiscal policy in European Union countries," Journal of International Money and Finance, Elsevier, vol. 120(C).
    11. Frankel, Jeffrey A. & Schreger, Jesse, 2016. "Bias in Official Fiscal Forecasts: Can Private Forecasts Help?," Working Paper Series 16-021, Harvard University, John F. Kennedy School of Government.
    12. Benjamin Jones, 2020. "Revenue forecasting in the mining industries: A data-driven approach," WIDER Working Paper Series wp-2020-22, World Institute for Development Economic Research (UNU-WIDER).
    13. Maritta Paloviita & Pasi Ikonen, 2018. "Real-time uncertainty in budget planning: evidence from euro area countries," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 21(4), pages 281-300, October.

  7. Carlos A. Vegh & Guillermo Vuletin, 2015. "How Is Tax Policy Conducted over the Business Cycle?," American Economic Journal: Economic Policy, American Economic Association, vol. 7(3), pages 327-370, August.
    See citations under working paper version above.
  8. Vegh, Carlos A. & Vuletin, Guillermo, 2015. "Unsticking the flypaper effect in an uncertain world," Journal of Public Economics, Elsevier, vol. 131(C), pages 142-155.
    See citations under working paper version above.
  9. Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2015. "Procyclical and countercyclical fiscal multipliers: Evidence from OECD countries," Journal of International Money and Finance, Elsevier, vol. 52(C), pages 15-31.
    See citations under working paper version above.
  10. Nolivos, Roberto Delhy & Vuletin, Guillermo, 2014. "The role of central bank independence on optimal taxation and seigniorage," European Journal of Political Economy, Elsevier, vol. 34(C), pages 440-458.

    Cited by:

    1. Masciandaro, Donato & Romelli, Davide, 2015. "Ups and downs of central bank independence from the Great Inflation to the Great Recession: theory, institutions and empirics," Financial History Review, Cambridge University Press, vol. 22(3), pages 259-289, December.
    2. Daniel Riera-Crichton & Carlos A. Vegh & Guillermo Vuletin, 2017. "Tax policy and the macroeconomy: Measurement, identification, and non-linearities," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 35(82), pages 10-17, April.
    3. António Afonso & Huseyin Sen & Ayse Kaya, 2018. "Government Size, Unemployment, and Inflation Nexus in Eight Large Emerging Market Economies," Working Papers REM 2018/38, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    4. Donato Masciandaro & Davide Romelli, 2019. "Behavioral Monetary Policymaking: Economics, Political Economy And Psychology," BAFFI CAREFIN Working Papers 19105, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    5. Aziz N. Berdiev & James W. Saunoris, 2023. "The case for independence: Does central bank independence curb the spread of the underground economy?," Kyklos, Wiley Blackwell, vol. 76(3), pages 407-435, August.
    6. Richard C. K. Burdekin & Leroy O. Laney, 2016. "Fiscal policymaking and the central bank institutional constraint Una Vez Más: New Latin American evidence," Public Choice, Springer, vol. 167(3), pages 277-289, June.
    7. Ferré, Montserrat & Garcia, Judit & Manzano, Carolina, 2018. "Tax efficiency, seigniorage and Central Bank Conservativeness," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 218-230.
    8. D. Masciandaro, 2019. "What Bird Is That? Central Banking And Monetary Policy In The Last Forty Years," BAFFI CAREFIN Working Papers 19127, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    9. Carlos A. Vegh & Guillermo Vuletin, 2012. "How is Tax Policy Conducted over the Business Cycle?," NBER Working Papers 17753, National Bureau of Economic Research, Inc.
    10. Ameen Omar Shareef & K.P. Prabheesh, 2022. "Does International Monetary Policy Influence The Bank Risk? Evidence From India," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 25(2), pages 135-154, August.
    11. Dokas, Ioannis & Panagiotidis, Minas & Papadamou, Stephanos & Spyromitros, Eleftherios, 2024. "The impact of the shadow economy on the direct-indirect tax mix: Can central banks’ independence mitigate the effect?," Journal of Policy Modeling, Elsevier, vol. 46(3), pages 475-493.
    12. Donato Masciandaro & Davide Romelli, 2018. "To Be or not to Be a Euro Country? The Behavioural Political Economics of Currency Unions," BAFFI CAREFIN Working Papers 1883, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    13. Mursal Harahap & Bonar M. Sinaga & Adler H. Manurung & Tubagus Nur Ahmad Maulana, 2018. "Impact of Policies and Macroeconomic Variables on Tax Revenue and Effective Tax Rate of Infrastructure, Utility, and Transportation Sector Companies Listed in Indonesia Stock Exchange," International Journal of Economics and Financial Issues, Econjournals, vol. 8(3), pages 95-104.
    14. Kari Heimonen & Aleksandra Maslowska-Jokinen, 2014. "Central bank independence and sovereign debt crisis. Any link?," Discussion Papers 93, Aboa Centre for Economics.
    15. Galvis Ciro, Juan Camilo & Ferreira de Mendonça, Helder, 2016. "Inflation targeting and tax effort: Evidence from Colombia," MPRA Paper 90544, University Library of Munich, Germany, revised 14 Dec 2018.
    16. Novi Maryaningsih & Suahasil Nazara & Febrio N. Kacaribu & Solikin M. Juhro, 2022. "Central Bank Digital Currency: What Factors Determine Its Adoption?," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 25(1), pages 1-24, June.

  11. Carlos A Vegh & Guillermo Vuletin, 2014. "The Road to Redemption: Policy Response to Crises in Latin America," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 62(4), pages 526-568, November.
    See citations under working paper version above.
  12. Guillermo Vuletin, 2013. "Exchange Rate Regimes And Fiscal Discipline: The Role Of Capital Controls," Economic Inquiry, Western Economic Association International, vol. 51(4), pages 2096-2109, October.

    Cited by:

    1. Joao Tovar Jalles & Carlos Mulas‐Granados & José Tavares, 2021. "Fiscal discipline and exchange rates: Does politics matter?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(2), pages 155-178, May.
    2. Buscemi, Antonino & Yallwe, Alem Hagos, 2011. "Money laundry and financial development," MPRA Paper 32458, University Library of Munich, Germany.
    3. Chowdhury, Mohammad Tarequl Hasan & Bhattacharya, Prasad Sankar & Mallick, Debdulal & Ulubaşoğlu, Mehmet Ali, 2016. "Exchange rate regimes and fiscal discipline: The role of trade openness," International Review of Economics & Finance, Elsevier, vol. 45(C), pages 106-128.
    4. António Martins, 2020. "Investment Home Bias in the European Union," Working Papers REM 2020/0139, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    5. Daxin Dong, 2021. "The impact of financial openness on public debt in developing countries," Empirical Economics, Springer, vol. 60(5), pages 2261-2291, May.

  13. Frankel, Jeffrey A. & Vegh, Carlos A. & Vuletin, Guillermo, 2013. "On graduation from fiscal procyclicality," Journal of Development Economics, Elsevier, vol. 100(1), pages 32-47.
    See citations under working paper version above.
  14. Jorge Carrera & Guillermo Vuletin, 2013. "The Effects Of Alternative Exchange Rate Regimes On Real Exchange Rate Volatility: Evidence Based On A New Dataset," Contemporary Economic Policy, Western Economic Association International, vol. 31(1), pages 212-234, January.

    Cited by:

    1. Jorge Carrera & Blaise Gnimassoun & Valérie Mignon & Romain Restout, 2020. "Currency misalignments and exchange rate regimes in Latin American countries: a trade-off issue," Working Papers of BETA 2020-17, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. An, Jiyoun & Park, Bokyeong, 2016. "External adjustment and trading partners’ exchange rate regimes," Japan and the World Economy, Elsevier, vol. 37, pages 47-54.
    3. Rodolfo Cermeño & María Eugenia Sanin, 2015. "Are Flexible Exchange Rate Regimes more Volatile? Panel GARCH Evidence for the G7 and Latin America," Review of Development Economics, Wiley Blackwell, vol. 19(2), pages 297-308, May.
    4. Aamir Jamal & G. M. Bhat, 2023. "Disentangling the Nexus Between Exchange Rate Volatility, Exports, and FDI: Empirical Evidence from the Indian Economy," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 15(3), pages 449-472, September.

  15. Guillermo Vuletin & Ling Zhu, 2011. "Replacing a "Disobedient" Central Bank Governor with a "Docile" One: A Novel Measure of Central Bank Independence and Its Effect on Inflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(6), pages 1185-1215, September.

    Cited by:

    1. Masciandaro, Donato, 2022. "Independence, conservatism, and beyond: Monetary policy, central bank governance and central banker preferences (1981–2021)," Journal of International Money and Finance, Elsevier, vol. 122(C).
    2. Masciandaro, Donato & Romelli, Davide, 2015. "Ups and downs of central bank independence from the Great Inflation to the Great Recession: theory, institutions and empirics," Financial History Review, Cambridge University Press, vol. 22(3), pages 259-289, December.
    3. Donato Masciandaro, 2021. "Central Bank Governance in Monetary Policy Economics (1981-2020)," BAFFI CAREFIN Working Papers 21153, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    4. Garriga, Ana Carolina & Rodriguez, Cesar M., 2023. "Central bank independence and inflation volatility in developing countries," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1320-1341.
    5. Luis Morano & Carlos A. Vegh & Diego Friedheim & Diego Rojas, "undated". "Between a Rock and a Hard Place," World Bank Publications - Reports 28443, The World Bank Group.
    6. Ha,Jongrim & Ivanova,Anna & Ohnsorge,Franziska Lieselotte & Unsal Portillo Ocando,Derya Filiz, 2019. "Inflation : Concepts, Evolution, and Correlates," Policy Research Working Paper Series 8738, The World Bank.
    7. de Haan, J. & Eijffinger, Sylvester, 2016. "The Politics of Central Bank Independence," Discussion Paper 2016-047, Tilburg University, Center for Economic Research.
    8. Garriga, Ana Carolina & Rodriguez, Cesar M., 2020. "More effective than we thought: Central bank independence and inflation in developing countries," Economic Modelling, Elsevier, vol. 85(C), pages 87-105.
    9. Nolivos, Roberto Delhy & Vuletin, Guillermo, 2014. "The role of central bank independence on optimal taxation and seigniorage," European Journal of Political Economy, Elsevier, vol. 34(C), pages 440-458.
    10. Ansgar Belke & Andreas Freytag & Johannes Keil & Friedrich Schneider, 2012. "The Credibility of Monetary Policy Announcements - Empirical Evidence for OECD Countries since the 1960s," Global Financial Markets Working Paper Series 2012-34, Friedrich-Schiller-University Jena.
    11. Oriola, Hugo, 2023. "Political monetary cycles: An empirical study," European Journal of Political Economy, Elsevier, vol. 79(C).
    12. Qureshi, Irfan, 2017. "Monetary Policy Shifts and Central Bank Independence," The Warwick Economics Research Paper Series (TWERPS) 1139, University of Warwick, Department of Economics.
    13. Berggren, Niclas & Daunfeldt, Sven-Olof & Hellström, Jörgen, 2012. "Social Trust and Central-Bank Independence," Working Paper Series 920, Research Institute of Industrial Economics.
    14. Strong, Christine & Yayi, Constant L., 2023. "The political affiliation of central bankers and government debt: Evidence from Africa," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 603-620.
    15. Strong, Christine & Yayi, Constant, 2021. "Central bank independence, fiscal deficits and currency union: Lessons from Africa," Journal of Macroeconomics, Elsevier, vol. 68(C).
    16. Strong, Christine Olivia, 2021. "Political influence, central bank independence and inflation in Africa: A comparative analysis," European Journal of Political Economy, Elsevier, vol. 69(C).

  16. Guillermo Vuletin, 2008. "What is the Size of the Pie? Measuring the Informal Economy in Latin America and the Caribbean," Money Affairs, CEMLA, vol. 0(2), pages 161-191, July-Dece.

    Cited by:

    1. Friedrich Schneider, 2017. "Shadow Economies around the World: New Results for 158 Countries over 1991-2015," Economics working papers 2017-10, Department of Economics, Johannes Kepler University Linz, Austria.
    2. Mai Hassan & Friedrich Schneider, 2016. "Modelling the Egyptian Shadow Economy: A Currency Demand and A MIMIC Model Approach," CESifo Working Paper Series 5727, CESifo.
    3. Santos-Pérez, Rubén, 2016. "Estimación de la economía informal para México mediante un método monetario, 1970-2012," eseconomía, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 11(45), pages 71-103, Segundo s.
    4. Acosta-Henao, Miguel, 2023. "Law enforcement and the size of the informal sector," Economic Modelling, Elsevier, vol. 126(C).
    5. Alban Asllani & Roberto Dell'Anno & Friedrich Schneider, 2024. "Mapping the Informal Economy Around the World with an Enhanced MIMIC Approach: New Estimates for 110 Countries from 1997-2022," CESifo Working Paper Series 11416, CESifo.
    6. Bennihi, Aymen Salah & Bouriche, Lahcene & Schneider, Friedrich, 2021. "The informal economy in Algeria: New insights using the MIMIC approach and the interaction with the formal economy," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 470-491.

Chapters

  1. Carlos A. Vegh & Guillermo Vuletin, 2013. "Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets," World Scientific Book Chapters, in: Douglas D Evanoff & Cornelia Holthausen & George G Kaufman & Manfred Kremer (ed.), The Role of Central Banks in Financial Stability How Has It Changed?, chapter 6, pages 105-129, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.Sorry, no citations of chapters recorded.

Books

  1. Carlos A. Vegh & Guillermo Vuletin & Daniel Riera-Crichton & Jorge Puig & José Andrée Camarena & Luciana Galeano & Luis Morano & Lucila Venturi, 2019. "Effects of the Business Cycle on Social Indicators in Latin America and the Caribbean [¿Cómo afecta el ciclo económico a los indicadores sociales en América Latina y el Caribe?]," World Bank Publications - Books, The World Bank Group, number 31483.

    Cited by:

    1. Mariano Tommasi, 2023. "Latin America and the Caribbean in the first quarter of the 21st century. What should be reformed, what can be reformed, and how to think about it?," Working Papers 170, Universidad de San Andres, Departamento de Economia, revised Jul 2024.
    2. Marx, Luana, 2023. "How is the Bolsa Família program associated with the test scores performance of economically disadvantaged pupils in Brazil?," International Journal of Educational Development, Elsevier, vol. 102(C).

  2. Pessino, Carola & Izquierdo, Alejandro & Vuletin, Guillermo, 2018. "Better Spending for Better Lives: How Latin America and the Caribbean Can Do More with Less," IDB Publications (Books), Inter-American Development Bank, number 9152, November.

    Cited by:

    1. Altamirano, Alvaro & Oliveri, María Laura & Bosch, Mariano & Tapia, Waldo, 2023. "Calculating the redistributive impact of pension systems in LAC," LSE Research Online Documents on Economics 120684, London School of Economics and Political Science, LSE Library.
    2. Ardanaz, Martín & Hübscher, Evelyne & Keefer, Philip & Sattler, Thomas, 2023. "Why Do Voters Support Procyclical Fiscal Policies? Experimental Evidence from Latin America," IDB Publications (Working Papers) 12779, Inter-American Development Bank.
    3. Balmori de la Miyar, Jose Roberto & Hoehn-Velasco, Lauren & Silverio-Murillo, Adan, 2021. "Druglords don’t stay at home: COVID-19 pandemic and crime patterns in Mexico City," Journal of Criminal Justice, Elsevier, vol. 72(C).
    4. Paola Azar & Gabriela Sicilia, 2021. "An assessment of pupil and school performance in public primary education in Uruguay," Documentos de Trabajo (working papers) 21-22, Instituto de Economía - IECON.
    5. Omar A. Guerrero & Gonzalo Castañeda, 2021. "Quantifying the coherence of development policy priorities," Development Policy Review, Overseas Development Institute, vol. 39(2), pages 155-180, March.
    6. Takahiro Yoshida & Rim Er-rbib & Morito Tsutsumi, 2019. "Which Country Epitomizes the World? A Study from the Perspective of Demographic Composition," Sustainability, MDPI, vol. 11(22), pages 1-16, November.
    7. Arenas de Mesa, Alberto & Mosqueira, Edgardo, 2023. "Institutional transformation and strengthening of Latin America’s ministries of finance: From control to the strategic use of public resources for development," Documentos de Proyectos 48846, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. -, 2020. "Economic Survey of Latin America and the Caribbean 2020: Main conditioning factors of fiscal and monetary policies in the post-COVID-19 era," Estudio Económico de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 46071 edited by Eclac.
    9. Daniel Artana & Cynthia Moskovits & Jorge Puig & Ivana Templado, 2022. "Fiscal rules and the behavior of public investment: towards growth-friendly fiscal policy? The case of Argentina," SN Business & Economics, Springer, vol. 2(8), pages 1-23, August.
    10. Omar A. Guerrero & Gonzalo Casta~neda, 2019. "Quantifying the Coherence of Development Policy Priorities," Papers 1902.00430, arXiv.org.
    11. Ardanaz, Martín & Cavallo, Eduardo & Izquierdo, Alejandro & Puig, Jorge, 2021. "Growth-friendly fiscal rules? Safeguarding public investment from budget cuts through fiscal rule design," Journal of International Money and Finance, Elsevier, vol. 111(C).
    12. Arenas de Mesa, Alberto & Mosqueira, Edgardo, 2023. "Institutional transformation and strengthening of Latin America’s ministries of finance: From control to the strategic use of public resources for development," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 48846 edited by Eclac.
    13. António Afonso & Gabriela Baquero Fraga, 2022. "Government spending efficiency in Latin America," Working Papers REM 2022/0250, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    14. Jorge Puig & Alberto Porto, 2022. "On the fiscal behavior of subnational governments. A long-term vision for Argentina," Asociación Argentina de Economía Política: Working Papers 4588, Asociación Argentina de Economía Política.
    15. Ardanaz, Martín & Hübscher, Evelyne & Keefer, Philip & Sattler, Thomas, 2024. "Voter Responses to Fiscal Crisis: New Evidence on Preferences for Fiscal Adjustment in Emerging Markets," IDB Publications (Working Papers) 13473, Inter-American Development Bank.
    16. Ricardo Estrada & María Lombardi, 2020. "Skills and Selection into Teaching: Evidence from Latin America," Department of Economics Working Papers wp_gob_2020_10, Universidad Torcuato Di Tella.
    17. Altamirano Montoya, Álvaro & Oliveri, María Laura & Bosch, Mariano & Tapia Troncoso, Waldo, 2023. "Calculating the Redistributive Impact of Pension Systems in LAC," IDB Publications (Working Papers) 13185, Inter-American Development Bank.
    18. Banco de España, 2020. "Report on the Latin American economy. Second half of 2020," Economic Bulletin, Banco de España, issue 4/2020.
    19. Cusato Novelli, Antonio & Barcia, Giancarlo, 2021. "Sovereign Risk, Public Investment and the Fiscal Policy Stance," Journal of Macroeconomics, Elsevier, vol. 67(C).

  3. Tito Cordella & Pablo M. Federico & Carlos A. Vegh & Guillermo Vuletin, 2014. "Reserve Requirements in the Brave New Macroprudential World," World Bank Publications - Books, The World Bank Group, number 17584.
    See citations under working paper version above.
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