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State-Owned Enterprises (Ter-Minassian)
Identifying and mitigating fiscal risks from state-owned enterprises (SOEs) by Tesesa Ter-Minassian published by IDB (10/2017). "This paper focuses on the fiscal risks created by state-owned enterprises (SOEs). It analyzes the main sources of such risks, in particular flaws in their fiscal, including quasi-fiscal operations; excessive extraction of SOEs resources by their owner governments..."
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Abre los Ojos (Cibils & Armendáriz)
Abre los ajos: América Latina necesita gastar mejor por Vicente Fretes Cibils y Edna Armendáriz publicado por IADB (5/2017). "La región de América Latina ha enfrentado un bajo crecimiento en los últimos años, con una marcada heterogeneidad entre los países. Los niveles de deuda y las posiciones fiscales se han deteriorado, y varios países hicieron o están haciendo correcciones en la posición fiscal para garantizar la sostenibilidad en el mediano plazo..."
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Macroeconomic Effects (Furceri & Li)
The macroeconomic (and distributional) effects of public investment in developing economies by Davide Furceri and Bin Grace Li published by IMF (10/2017). "This paper provides new empirical evidence of the macroeconomic effects of public investment in developing economies. Using public investment forecast errors to identify unanticipated changes in public investment, the paper finds that increased public investment raises output in the short and medium term, with an average short-term fiscal multiplier of about 0.2..."
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Financing Gap (Canuto)
Filling the infrastructure financing gap - Attracting investors to emerging projects by Otaviano Canuto (11/2017). "There is a sizeable gap between the world economy's infrastructure needs and available financing. The shorfall is especially pronounced in emerging markers. Infrastructure investiment has fallen short of what is needed to support potential growth..."
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