We construct the first comprehensive dataset of contingent liability realizations in advanced
and emerging markets for the period 1990–2014. We find that contingent liability realizations …

Past reforms have put the Peruvian pension system on a largely fiscally sustainable path,
but the system faces important challenges in providing adequate pension levels for a large …

We analyze the performance of labor markets in Latin America since the late 1990s. Strong
GDP growth during the commodity boom period led to important gains in employment and a …

… Frederik Toscani coordinated analytical inputs and drafting, while Marika Santoro was the
lead author of Chapter 4. Frederik Lambert, Lusine Lusinyan, Adrian Peralta Alva, and Marina …

We study inflation dynamics in Colombia using a bottom-up Phillips curve approach. This
allows us to capture the different drivers of individual inflation components. We find that the …

This paper investigates the role that International Monetary Fund (IMF) programs and capacity
building play in fostering structural reforms. To do so, we exploit two novel datasets on …

The paper provides a detailed description of a novel dataset on education attainment in
public administrations covering the period 1981-2011 for 178 countries. The dataset uses …

This paper studies the impact of natural resource extraction in Latin America and the Caribbean
(LAC) from a number of angles. First, we exploit a novel dataset on the universe of giant …

We estimate the subnational employment and GDP multiplier of Brazil's 2020 federal cash
transfers to vulnerable households. Using two-stage least squares regressions we estimate a …

This paper analyzes the implications of disruptions in Russian gas for Europe’s balances
and economic output. Alternative sources could replace up to 70 percent of Russian gas, …