Ana Corbacho's Books

The Fiscal Institutions of Tomorrow

By: Mario Sanginés,Joan Oriol Prats Cabrera,Carlos Pimenta,Gustavo García Osío,Juan Pablo Martínez Guzman,Mario Marcel,Pedro Farias,Gustavo Crespi,Martin D. Chrisney,Ana Corbacho

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The Fiscal Institutions of Tomorrow

By: Mario Sanginés,Joan Oriol Prats Cabrera,Carlos Pimenta,Gustavo García Osío,Juan Pablo Martínez Guzman,Mario Marcel,Pedro Farias,Gustavo Crespi,Martin D. Chrisney,Ana Corbacho

The Fiscal Institutions of Tomorrow, the first publication in the series Institutions for People, addresses issues of public management that are key to economic development in Latin America and the Caribbean. It presents the challenges that the countries in the region face to strengthen fiscal institutions with a view to the future and with policy recommendations. This publication serves as reference material for policymakers and economic analysts interested in studying the evolution of fiscal institutions in the region and identifying areas to improve governance.

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Page Count

198

Publisher

Inter-American Development Bank

Published Date

ISBN 10

1597821691

ISBN 13

9781597821698

The ASEAN Way

Sustaining Growth and Stability

By: Ms.Ana Corbacho,Mr.Shanaka J Peiris

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The ASEAN Way

Sustaining Growth and Stability

By: Ms.Ana Corbacho,Mr.Shanaka J Peiris

The first part of the book examines the evolution of monetary policy and prudential frameworks of the ASEAN5, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policy in advanced economies. The second part of the book looks at policy responses to global financial spillovers. The third and last part of the book elaborates on the challenges ahead for monetary policy, financial stability frameworks, and the deepening of financial markets.

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311

Publisher

International Monetary Fund

Published Date

ISBN 10

1513558900

ISBN 13

9781513558905

More than Revenue

Taxation as a Development Tool

By: Inter-American Development Bank,Ana Corbacho,Vicente Fretes Cibils,Eduardo Lora

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More than Revenue

Taxation as a Development Tool

By: Inter-American Development Bank,Ana Corbacho,Vicente Fretes Cibils,Eduardo Lora

This exciting new volume provides an up-to-date overview of the current state of taxation in the Latin America and Caribbean (LAC) region, its main reform needs, and possible reform strategies that take into account the likely economic, institutional, and political constraints on the reform process.

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Page Count

341

Publisher

Springer

Published Date

ISBN 10

1137315970

ISBN 13

9781137315977

Textual Agency: Writing Culture and Social Networks in Fifteenth-Century Spain

Writing Culture and Social Networks in Fifteenth-Century Spain

By: Ana M. Gómez-Bravo

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Textual Agency: Writing Culture and Social Networks in Fifteenth-Century Spain

Writing Culture and Social Networks in Fifteenth-Century Spain

By: Ana M. Gómez-Bravo

Gómez-Bravo also explores how authorial and textual agency were competing forces in the midst of an era marked by the institution of the Inquisition, the advent of the absolutist state, the growth of cities, and the constitution of the Spanish nation.

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345

Publisher

University of Toronto Press

Published Date

ISBN 10

1442647205

ISBN 13

9781442647206

Economic Mobility and the Rise of the Latin American Middle Class

By: Francisco H. G. Ferreira,Julian Messina,Jamele Rigolini,Luis-Felipe Lopez-Calva,Maria Ana Lugo,Renos Vakis,Luis Felipe Ló,pez-Calva

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Economic Mobility and the Rise of the Latin American Middle Class

By: Francisco H. G. Ferreira,Julian Messina,Jamele Rigolini,Luis-Felipe Lopez-Calva,Maria Ana Lugo,Renos Vakis,Luis Felipe Ló,pez-Calva

After decades of stagnation, the size of Latin America's middle class recently expanded to the point where, for the first time ever, the number of people in poverty is equal to the size of the middle class. This volume investigates the nature, determinants and possible consequences of this remarkable process of social transformation. We propose an original definition of the middle class, tailor-made for Latin America, centered on the concept of economic security and thus a low probability of falling into poverty. Given our definition of the middle class, there are four, not three, classes in Latin America. Sandwiched between the poor and the middle class there lies a large group of people who appear to make ends meet well enough, but do not enjoy the economic security that would be required for membership of the middle class. We call this group the 'vulnerable'. In an almost mechanical sense, these transformations in Latin America reflect both economic growth and declining inequality in over the period. We adopt a measure of mobility that decomposes the 'gainers' and 'losers' in society by social class of each household. The continent has experienced a large amount of churning over the last 15 years, at least 43% of all Latin Americans changed social classes between the mid 1990s and the end of the 2000s. Despite the upward mobility trend, intergenerational mobility, a better proxy for inequality of opportunity, remains stagnant. Educational achievement and attainment remain to be strongly dependent upon parental education levels. Despite the recent growth in pro-poor programs, the middle class has benefited disproportionally from social security transfers and are increasingly opting out from government services. Central to the region's prospects of continued progress will be its ability to harness the new middle class into a new, more inclusive social contract, where the better-off pay their fair share of taxes, and demand improved public services.

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203

Publisher

World Bank Publications

Published Date

ISBN 10

0821397230

ISBN 13

9780821397237

The Fiscal Institutions of Tomorrow

By: Mario Sanginés,Joan Oriol Prats Cabrera,Carlos Pimenta,Gustavo García Osío,Juan Pablo Martínez Guzman,Mario Marcel,Pedro Farias,Gustavo Crespi,Martin D. Chrisney,Ana Corbacho

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The Fiscal Institutions of Tomorrow

By: Mario Sanginés,Joan Oriol Prats Cabrera,Carlos Pimenta,Gustavo García Osío,Juan Pablo Martínez Guzman,Mario Marcel,Pedro Farias,Gustavo Crespi,Martin D. Chrisney,Ana Corbacho

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Page Count

198

Publisher

Inter-American Development Bank

Published Date

ISBN 10

1597821691

ISBN 13

9781597821698

Structural Breaks in Fiscal Performance

Did Fiscal Responsibility Laws Have Anything to Do with Them?

By: Ms.Ana Corbacho,Leandro Medina,Carlos Caceres

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Structural Breaks in Fiscal Performance

Did Fiscal Responsibility Laws Have Anything to Do with Them?

By: Ms.Ana Corbacho,Leandro Medina,Carlos Caceres

In recent years, many countries have adopted Fiscal Responsibility Laws to strengthen fiscal institutions and promote fiscal discipline in a credible, predictable and transparent manner. Still, results on the effectiveness of these laws remain tentative. In this paper, we test empirically whether fiscal performance, measured as the level of primary fiscal balances and their volatility, indeed improved after the implementation of Fiscal Responsibility Laws in a sample of Latin American and advanced economies. We show that traditional econometric approaches, which rely on the use of dummies in time series or panel regressions, yield biased estimates. In contrast, our empirical strategy recognizes that, a priori, the timing of the effect of these laws on fiscal performance is unknown, while controlling for the impact of the business and commodity cycles on fiscal outcomes. Overall, we find limited empirical evidence in support of the view that Fiscal Responsibility Laws have had a distinguishable effect on fiscal performance. However, Fiscal Responsibility Laws could still have other positive effects on the conduct of fiscal policy not analyzed here, for instance, through enhanced transparency and guidance in the budget process and lower risk premia.

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Publisher

International Monetary Fund

Published Date

ISBN 10

1455209481

ISBN 13

9781455209484

Argentina

Macroeconomic Crisis and Household Vulnerability

By: Ms. Gabriela Inchauste,Ms. Ana Corbacho,Ms. Mercedes Garcia-Escribano

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Argentina

Macroeconomic Crisis and Household Vulnerability

By: Ms. Gabriela Inchauste,Ms. Ana Corbacho,Ms. Mercedes Garcia-Escribano

Using urban household surveys, we constructed a panel dataset to study the effects of the Argentine macroeconomic crisis of 1999-2002 with the aim of (1) identifying the most vulnerable households, (2) investigating whether employment in the public sector and government spending served to decrease vulnerability, and (3) understanding the mechanisms used by households to smooth the effects of the crisis. Households whose heads were male, less educated, and employed in the construction sector were more vulnerable to the crisis, experiencing larger-than-average declines in income and higher dispersion. Households whose heads were employed in the public sector were more protected from the crisis, although higher public spending did not serve to decrease their vulnerability. A significant source of vulnerability was linked to changes in employment status, and we studied the determinants of the probability of being unemployed and of becoming unemployed. Last, we found that households were unable to perfectly smooth income shocks. Given these results, there is room for broadening social safety nets, particularly in the form of public works programs.

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Publisher

International Monetary Fund

Published Date

ISBN 10

1451897200

ISBN 13

9781451897203

Mexico

Experiences with Pro-Poor Expenditure Policies

By: Ms.Ana Corbacho,Mr.Gerd Schwartz

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Mexico

Experiences with Pro-Poor Expenditure Policies

By: Ms.Ana Corbacho,Mr.Gerd Schwartz

Against the background of Mexico's persistently high degree of inequality, this paper analyzes the country's experience with pro-poor policies over the last decade. A number of important government initiatives, implemented since the mid-1990s, have aimed at improving distributional equity through pro-poor expenditure programs, while at the same time seeking to increase the efficiency of public spending. This paper reviews these initiatives and outlines some additional policy options.

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INTERNATIONAL MONETARY FUND

Published Date

ISBN 10

1451842910

ISBN 13

9781451842913

The ASEAN Way

Sustaining Growth and Stability

By: Ms.Ana Corbacho,Mr.Shanaka J Peiris

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The ASEAN Way

Sustaining Growth and Stability

By: Ms.Ana Corbacho,Mr.Shanaka J Peiris

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311

Publisher

International Monetary Fund

Published Date

ISBN 10

148435530X

ISBN 13

9781484355305

The ASEAN Way

Sustaining Growth and Security

By: Ana Corbacho,Shanaka Jayanath Peiris

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The ASEAN Way

Sustaining Growth and Security

By: Ana Corbacho,Shanaka Jayanath Peiris

The first part of the book examines the evolution of monetary policy and prudential frameworks of the ASEAN-5, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policy in advanced economies. The second part of the book looks at policy responses to global financial spillovers. The third and last part of the book elaborates on the challenges ahead for monetary policy, financial stability frameworks, and the deepening of financial markets.

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310

Published Date

ISBN 10

1484355326

ISBN 13

9781484355329

Book's by Ana Corbacho

The Fiscal Institutions of Tomorrow

The Fiscal Institutions of Tomorrow

The ASEAN Way

The ASEAN Way

More than Revenue

More than Revenue

Textual Agency: Writing Culture and Social Networks in Fifteenth-Century Spain

Textual Agency: Writing Culture and Social Networks in Fifteenth-Century Spain

Economic Mobility and the Rise of the Latin American Middle Class

Economic Mobility and the Rise of the Latin American Middle Class

The Fiscal Institutions of Tomorrow

The Fiscal Institutions of Tomorrow

Structural Breaks in Fiscal Performance

Structural Breaks in Fiscal Performance

Argentina

Argentina

Mexico

Mexico

The ASEAN Way

The ASEAN Way

The ASEAN Way

The ASEAN Way

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