Rene Zamarripa's Books

Authorities’ Fiscal Forecasts in Latin America: Are They Optimistic?

By: Metodij Hadzi-Vaskov,Mr. Luca A Ricci,Alejandro M. Werner,Rene Zamarripa

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Authorities’ Fiscal Forecasts in Latin America: Are They Optimistic?

By: Metodij Hadzi-Vaskov,Mr. Luca A Ricci,Alejandro M. Werner,Rene Zamarripa

Do governments in Latin America tend to be optimistic when preparing budgetary projections? We address this question by constructing a novel dataset of the authorities’ fiscal forecasts in six Latin American economies using data from annual budget documents over the period 2000-2018. In turn, we compare such forecasts with the outturns reported in the corresponding budget documents of the following years to understand the evolution of fiscal forecast errors. Our findings suggest that: (i) for most countries, there is no general optimistic bias in the forecasts for the fiscal balance-to-GDP ratio (though there may be for the components); (ii) fiscal forecasts have improved for some countries over time, albeit they have worsened for others; (iii) in terms of drivers, we show that forecast errors for the fiscal balance-to-GDP ratio are positively correlated with GDP growth and terms of trade changes and negatively with GDP deflator surprises; (iv) forecast errors for public debt-to-GDP ratios are negatively associated with surprises to GDP growth; (v) lastly, budget balance rules seem to help contain the size of the fiscal forecast errors.

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International Monetary Fund

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ISBN 10

1513573403

ISBN 13

9781513573403

Patterns in IMF Growth Forecast Revisions: A Panel Study at Multiple Horizons

By: Metodij Hadzi-Vaskov,Luca Antonio Ricci,Alejandro Mariano Werner,Rene Zamarripa

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Patterns in IMF Growth Forecast Revisions: A Panel Study at Multiple Horizons

By: Metodij Hadzi-Vaskov,Luca Antonio Ricci,Alejandro Mariano Werner,Rene Zamarripa

This paper investigates the performance of the IMF WEO growth forecast revisions across different horizons and country groups. We find that: (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the right direction, becoming progressively more responsive to the forecast error gap as horizons get closer to the actual year; (iii) growth revisions in systemic economies are relevant for growth revisions in all country groups; (iv) WEO and Consensus Forecast growth revisions are highly correlated; (v) fall-to-spring WEO revisions are more correlated with Consensus Forecasts revisions compared to spring-to-fall revisions; and (vi) across vintages, revisions for a given time horizon are not autocorrelated; within vintages, revisions tend to be positively correlated, suggesting perception of persistent short-term shocks.

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International Monetary Fund

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ISBN 10

1513573667

ISBN 13

9781513573663

Oxidative Stress in Cancer, AIDS, and Neurodegenerative Diseases

By: Luc Montagnier,Rene Olivier,Catherine Pasquier

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Oxidative Stress in Cancer, AIDS, and Neurodegenerative Diseases

By: Luc Montagnier,Rene Olivier,Catherine Pasquier

Based on a conference on Oxidative Stress and Redox Regulation, held at the Pasteur Institute, Paris, this work examines fundamental, chemical, biological and medical studies of free radicals on different targets and the consequences of their reactivity. It covers the chemistry and biochemistry of free radicals, free radicals as second messengers that group the activation of transcription factors and enzymes, the importance of the antioxidant system in cell metabolism regulation, and the role of free radicals and antioxidants in disease management. The editors of this work are three of the most respected pioneers in the field. Dr. Montagnier is credited as the discoverer of HIV.

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578

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CRC Press

Published Date

ISBN 10

1420002929

ISBN 13

9781420002928

Patterns in IMF Growth Forecast Revisions: A Panel Study at Multiple Horizons

By: Metodij Hadzi-Vaskov,Luca Antonio Ricci,Alejandro Mariano Werner,Rene Zamarripa

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Patterns in IMF Growth Forecast Revisions: A Panel Study at Multiple Horizons

By: Metodij Hadzi-Vaskov,Luca Antonio Ricci,Alejandro Mariano Werner,Rene Zamarripa

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International Monetary Fund

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ISBN 10

1513573667

ISBN 13

9781513573663

Authorities’ Fiscal Forecasts in Latin America: Are They Optimistic?

By: Metodij Hadzi-Vaskov,Mr. Luca A Ricci,Alejandro M. Werner,Rene Zamarripa

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Authorities’ Fiscal Forecasts in Latin America: Are They Optimistic?

By: Metodij Hadzi-Vaskov,Mr. Luca A Ricci,Alejandro M. Werner,Rene Zamarripa

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

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Publisher

International Monetary Fund

Published Date

ISBN 10

1513573403

ISBN 13

9781513573403

Book's by Rene Zamarripa

Authorities’ Fiscal Forecasts in Latin America: Are They Optimistic?

Authorities’ Fiscal Forecasts in Latin America: Are They Optimistic?

Patterns in IMF Growth Forecast Revisions: A Panel Study at Multiple Horizons

Patterns in IMF Growth Forecast Revisions: A Panel Study at Multiple Horizons

Oxidative Stress in Cancer, AIDS, and Neurodegenerative Diseases

Oxidative Stress in Cancer, AIDS, and Neurodegenerative Diseases

Patterns in IMF Growth Forecast Revisions: A Panel Study at Multiple Horizons

Patterns in IMF Growth Forecast Revisions: A Panel Study at Multiple Horizons

Authorities’ Fiscal Forecasts in Latin America: Are They Optimistic?

Authorities’ Fiscal Forecasts in Latin America: Are They Optimistic?

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