Publications from the Western Hemisphere Department, April 2017–March 2018

International Monetary Fund. Western Hemisphere Dept.
Published Date:
May 2018
  • ShareShare
Show Summary Details

Departmental Paper No. 18/05

Growing Pains: Is Latin America Prepared for Population Aging?

Lorenzo Figliuoli; Valentina Flamini; Rosalind Mowatt; Jaume Puig; Frederic Lambert; Bogdan Lissovolik; Misael Galdamez; Mike Li; Alexander Klemm; Mauricio Soto; Saji Thomas; Christoph Freudenberg; Anna Orthofer

IMF Working Papers


Fiscal Challenges of Population Aging in Brazil

Alfredo Cuevas; Izabela Karpowicz; Carlos Mulas-Granados; Mauricio Soto


Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism Sebastian Acevedo Mejia; Trevor Serge Coleridge Alleyne; Rafael Romeu


Taking Stock: Who Benefited from the Oil Price Shocks?

Diego A. Cerdeiro; Dmitry Plotnikov


Bottom-Up Default Analysis of Corporate Solvency Risk: An Application to Latin America

Jorge A. Chan-Lau; Cheng Hoon Lim; Jose Daniel Rodríguez-Delgado; Bennett W. Sutton; Melesse Tashu


Public Investment Scaling-up and Debt Sustainability: The Case of Energy Sector Investments in the Caribbean

Ahmed El-Ashram


Migration and Remittances in Latin America and the Caribbean: Engines of Growth and Macroeconomic Stabilizers?

Kimberly Beaton; Svetlana Cerovic; Misael Galdamez; Metodij Hadzi-Vaskov; Franz Loyola; Zsoka Koczan; Bogdan Lissovolik; Jan Kees Martijn; Yulia Ustyugova; Joyce Wong


Trade Integration in Latin America: A Network Perspective

Kimberly Beaton; Aliona Cebotari; Xiaodan Ding; Andras Komaromi


Towards Macroprudential Stress Testing: Incorporating Macro-Feedback Effects

Ivo Krznar; Troy D. Matheson


Panama’s Growth Prospects: Determinants and Sectoral Perspectives

Kimberly Beaton; Metodij Hadzi-Vaskov


The Macroeconomic Effects of Trade Tariffs: Revisiting the Lerner Symmetry Result

Jesper Lindé; Andrea Pescatori


A License to Issue (Anywhere): Patterns and Drivers of Corporate Bonds in Latin America

Svetlana Vtyurina; Adrian Robles; Bennett W. Sutton


A Crude Shock: Explaining the Impact of the 2014–16 Oil Price Decline Across Exporters

Francesco Grigoli; Alexander Herman; Andrew J. Swiston


Smooth Operator: Remittances and Fiscal Shocks

Kimberly Beaton; Serhan Cevik; Reza Yousefi


Women Are Key for Future Growth: Evidence from Canada

Bengt Petersson; Rodrigo Mariscal; Kotaro Ishi


What Explains the Decline of the US Labor Share of Income? An Analysis of State and Industry Level Data

Yasser Abdih; Stephan Danninger


Mining Spillovers in Chile

Esther Perez Ruiz


Back to the Future: The Nature of Regulatory Capital Requirements

Ralph Chami; Thomas F. Cosimano; Emanuel Kopp; Celine Rochon


Cyber Risk, Market Failures, and Financial Stability

Emanuel Kopp; Lincoln Kaffenberger; Christopher Wilson


Housing Finance and Real Estate Markets in Colombia

Francisco Roch


Macroeconomic and Distributional Effects of Personal Income Tax Reforms: A Heterogenous Agent Model Approach for the US

Sandra V Lizarazo Ruiz; Adrian Peralta-Alva; Damien Puy


Benchmarking Social Spending Using Efficiency Frontiers

Javier Kapsoli; Iulia Ruxandra Teodoru


What Prevents a Real Business Cycle Model from Matching the US Data? Decomposing the Labor Wedge

Dmitry Plotnikov


The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru

Francisco Roch


Loss of Correspondent Banking Relationships in the Caribbean: Trends, Impact, and Policy Options

Trevor Serge Coleridge Alleyne; Jacques Bouhga-Hagbe; Thomas Dowling; Dmitriy Kovtun; Alla Myrvoda; Joel Chiedu Okwuokei; Jarkko Turunen


How Financial Conditions Matter Differently across Latin America

Luis Brandao-Marques; Esther Perez Ruiz


Inequality in Brazil: A Regional Perspective

Carlos Góes; Izabela Karpowicz


Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution

Kimberly Beaton; Thomas Dowling; Dmitriy Kovtun; Franz Loyola; Alla Myrvoda Joel Chiedu Okwuokei; Inci Ötker; Jarkko Turunen


Potential Growth in Colombia

Sergi Lanau; Jorge Roldos; Jose Daniel Rodríguez-Delgado


Fear Thy Neighbor: Spillovers from Economic Policy Uncertainty

Nina Biljanovska; Francesco Grigoli; Martina Hengge


Hollowing Out: The Channels of Income Polarization in the United States

Ali Alichi; Rodrigo Mariscal; Daniela Muhaj


The Sectoral Effects of Real Depreciations in Latin America

Sergi Lanau


Exchange Rate Misalignment and Growth: A Myth?

Carlos Goncalves; Mauro Rodrigues


Investment in Brazil: From Crisis to Recovery

Ivo Krznar; Troy D. Matheson


Disagreement about Future Inflation: Understanding the Benefits of Inflation Targeting and Transparency

Steve Brito; Yan Carrière-Swallow; Bertrand Gruss


Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk

Chang Ma; Fabian Valencia


Financial Development and Inclusion in the Caribbean

Chuan Li; Joyce Cheng Wong


Monetary Policy Transmission in the Eastern Caribbean Currency Union

Alla Myrvoda; Julien Reynaud

Selected Issues Papers


How to Reduce Argentina’s Tax Wedge?

Paolo Dudine; Ricardo Fenochietto; Vivian Malta

Assessing the Impact of Structural Reforms through a Supply-Side Framework: The Case of Argentina

Lusine Lusinyan

Labor Market Informality in Argentina: Evolution, Incentives and Policies

Jorge Ivan Canales Kriljenko

Addressing Gender Issues in Argentina’s Labor Market

Lisa Kolovich; Vivian Malta; Marina Mendes Tavares

The Bahamas

The Structure and Trends in the Bahamas’ Offshore Sector

Qiaoe Chen


Recent Issues in Belize’s Financial System

Joel Okwuokei; Bert van Selm; Chuan Li; Chady El Khoury


Investment in Brazil: From Crisis to Recovery

Ivo Krznar; Troy Matheson

Brazil’s Business Environment and External Competitiveness

Izabela Karpowicz; Kenji Moriyama

Distributional Effects of Brazil’s Pension Reform

Izabela Karpowicz; Vivian Malta; Marina Mendes Tavares

Inequality in Brazil: A Micro-Data Analysis

Carlos Góes; Izabela Karpowicz

Interest Rates and Inflation in Brazil

Troy Matheson

The Effect of Fiscal Consolidation on Real Interest Rates in Emerging Market Economies

Nina Biljanovska

Boosting Productivity: Taxes and Resource Misallocation in Brazil

Henrique Fialho Barbosa; Carlos Mulas-Granados


Infrastructure Bank: Leveraging Private Capital in the Public Interest

David Gentry; Kotaro Ishi

Estimating the Growth Effect of Public Infrastructure: Evidence from Canadian Provinces

Kotaro Ishi; Rodrigo Mariscal; David Gentry

How Advanced Economies Tackle Housing Market Imbalances: Lessons for Canada

Zsofia Arvai; Yulia Ustyugova

Macroprudential Tools at Work in Canada

Ivo Krznar; Zsofia Arvai; Yulia Ustyugova


Monetary Policy and Financial Conditions in Colombia

Francisco Roch

Housing Finance and Real Estate Markets in Colombia

Francisco Roch

Potential Growth in Colombia

Sergi Lanau; Daniel Rodriguez-Delgado; Jorge Roldós

The Growth Impact of the 2016 Structural Tax Reform

Daniel Rodriguez-Delgado

Costa Rica

Implications of the New US Administration’s Economic Plans for Central America

Victoria Valente

Selected Fiscal Sector Issues

Jaume Puig; Valentina Flamini; Luis Ángel Oviedo; Juan Diego Trejos

Selected Financial Sector Issues

Valentina Flamini; Pierluigi Bologna; Rasool Zandvakil

Addressing Infrastructure Bottlenecks to Boost Competitiveness

Gerardo Peraza; Roany Toc Bac

Climate Change, Environmental Policies and Output Trade-Offs

Dmitry Plotnikov


Optimal Management of Citizenship-by-Investment Program Revenues in Dominica

Alejandro Guerson; Alla Myrvoda; Balazs Csonto; Marina Mendes Tavares

Productivity and Potential Output in Dominica

Alejandro Guerson; Alla Myrvoda; Balazs Csonto; Marina Mendes Tavares

Macroeconomic and Distributional Implications of Fiscal Consolidation: An Application to Dominica

Alejandro Guerson; Alla Myrvoda; Balazs Csonto; Marina Mendes Tavares

Eastern Caribbean Currency Union

Productivity and Potential Output in the ECCU

Alejandro Guerson; Balazs Csonto

Fiscal Rules for the ECCU

Gregorio Impavido; Dominique Simard


Mexico’s Structural Reform Agenda: Early Signs of Success

Christian Saborowski

Structural Weaknesses and Resource Misallocation in Mexico

Florian Misch; Christian Saborowski


Nicaragua’s Social Security System: Pathways to Sustainability

Rosalind Mowatt

Nicaragua: Macroeconomic Impact of Climate Change and Disasters

Fang Yang; Xiaodan Ding

Nicaragua: Coping with Transfer Pricing; The Special Case of Commodities and Free Trade Zones

Roberto Schatan


Panama’s Growth Prospects: Determinants and Sectoral Perspectives

Kimberly Beaton; Metodij Hadzi-Vaskov

Spillovers from External Exposures to Panama

Kimberly Beaton; Metodij Hadzi-Vaskov

Safeguarding Financial Stability in Panama: A Framework for Systemic Risk Oversight and Macroprudential Policy

Kimberly Beaton; Jun Kusumoto


Paraguay’s Pension and Health Systems

Geoffrey Keim


Financial Deepening in Peru – Do Regional Characteristics Matter?

Yen Mooi; Adrian Robles

Implementing a Medium-Term Budget Framework in Peru (MTBF)

Virginia Alonso Albarran

Trinidad and Tobago

Reforming Public Bodies: Challenges and Reforms

Abdullah AlHassan


The Impact of Exchange Rate Movements on Consumption in Uruguay

Frederik Toscani

Next Steps for Promoting De-Dollarization in Uruguay

Diva Singh

Uruguay: Estimates of Fiscal Multipliers

Yehenew Endegnanew

Productivity, Foreign Demand, and Factor Allocation in Uruguay

Galen Sher

    Other Resources Citing This Publication