Publications and Research
Publications & policy work
Why Don't We Follow the Rules? Drivers of Compliance with Fiscal Policy Rules in Emerging Markets, with Martin Ardanaz and Oscar Valencia — Journal of International Money and Finance (2024), Link
Determinants of compliance with fiscal rules: misplaced efforts or hidden motivations? — European Journal of Political Economy (2023), Link
Do governments stick to their announced fiscal rules? A study of Latin American and the Caribbean countries, with Oscar Valencia — Journal of Government and Economics (2022) - Link
Working Papers
Can fiscal rules affect income inequality? An empirical investigation for Latin America - [draft available on request]
Public finance sustainability in Europe: the role of interest rates and fiscal rules, with Gilles Dufrénot, [draft available on request]
Working in progress
Navigating Fiscal Rigidity: Assessing the Quality of Escape Clauses in Rule-Based Fiscal Frameworks, with Oscar Valencia and Jorge Guerra.
Optimizing Fiscal Policy: Integrating Efficiency Criteria into Fiscal Rules
Other publications
Blogs
- IDB’s Fiscal Management Division. "New Index Helps Governments Design Better Escape Clauses to Bridge Fiscal Rigidity with Crisis Adaptability" with Oscar Valencia and Jorge Guerra — Link
- IDB’s Fiscal Management Division. "Complying with Fiscal Rules in Latin America and the Caribbean: From Promises to Action" with Martin Ardanaz and Oscar Valencia — Link
- IDB’s Fiscal Management Division. "Are Latin American and Caribbean Countries Complying with Their Fiscal Rules?" with Oscar Valencia — Link
Contributions
- 2023 Latin American and Caribbean Macroeconomic Report: "Preparing the macroeconomic terrain for renewed growth" coordinated by Arturo Galindo and Victoria Nuguer - Link