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Instruction Manual for Version 2.0 of the IDB Debt Sustainability Template. The updated Template includes a new interface, more analytical functions, and greater flexibility for the researcher.
The recent financial crisis has initiated pressures for not only policy reform but also fundamental institutional fiscal reforms. This paper explores the connection between economic crises and fiscal institutional reforms in a region that has experienced plenty of both in recent years, namely Latin America. For that purpose it reviews the literature and provides five hypotheses about why, and unde ... (View publication)
Medium Term Fiscal Frameworks (MTFs) have become one of the most popular reforms to the budgetary process in Latin America during the last decade, and introducing MTFs seemed to be the magic solution for most fiscal ailments. Nonetheless, there has been no comprehensive evaluation of their impact. This document discusses the normative merits of using MTFs, provides a characterization of the differ ... (View publication)
This book goes a long way towards explaining how economies, institutions, and politics interact to produce budget outcomes in Latin America, a region in which informality dominates public governance. (View publication)
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