Local Distributional Effects of Government Cash Transfers in Chile

Despite rapid economic growth and poverty reduction, inequality in Chile has remained high and remarkably constant over the last 20 years, prompting academic and public interest in the subject. Due to data limitations, however, research on inequality in Chile has concentrated on the national and regional levels. The impact of cash subsidies to poor households on local inequality is thus not well understood. Using poverty-mapping methods to asses this impact, we find heterogeneity in the effectiveness of regional and municipal governments in reducing inequality via poverty-reduction transfers, suggesting that alternative targeting regimes may complement current practice in aiding the poor.

The risk-properties of human capital and the design of government policies

Whether human capital increases or decreases wage uncertainty is an open question from an empirical standpoint. Yet, most policy prescriptions regarding human capital formation are based on models that impose riskiness on this type of investment. In a two period and finite type optimal income taxation problem we derive prescriptions that are robust to the risk characteristics of human capital: savings should be discouraged, human capital investments encouraged and both types of investment driven to an efficient level from an aggregate perspective. These prescriptions are also robust to the assumptions regarding what choices are observed, despite policy instruments being not.

The effects of government deficit on equilibrium real exchange rates and stock prices

This paper studies the effect of government deficits on equilibrium real exchange rates and stock prices. The theoretical part modifies a two-country cash-in-advance model like used in Lucas(1982) and Sargent(1987) in order to accommodate an exchange rate market and a government that pursues fiscal and monetary policy targets. The implied result is that unanticipated shocks in government deficits raise expectations of both taxes and inflation and, therefore, are associated with real exchange rate devaluations and lower stock prices. This finding is strongly supported by empirical evidence for a group of 19 countries, representing 76% of world production

The relations between different levels of government in Argentina

Includes bibliography

The relations between different levels of government in Brazil

Includes bibliography

Informe de la Reunión Técnica de Expertos Gubernamentales Hacia un Desarrollo Ambientalmente Sustentable" = Report of the Technical Meeting of Government Experts: "Towards an Environmentally Sustainable Development""

Incluye Bibliografía

Informe de la Reunión de Expertos Gubernamentales de Países en Desarrollo Miembros de la CEPAL = Report of the Meeting of Government Experts from Developing Countries Members of ECLAC

Contiene conclusiones y recomendaciones de la reunión en la que se analizó el tema de la transformación productiva, equidad y sustentabilidad ambiental en América Latina y el Caribe, y se elaboró un proyecto que fue aprobado por el CEGAN, denominado Plataforma de Tlatelolco, el cual se incluye en este documento.

Documento conjunto de las comisiones regionales para la Primera Reunión del Comité Preparatorio de la Conferencia Mundial en la Cumbre sobre Desarrollo Social = Joint paper of the regional commissions for the First Meeting of the Preparatory Committee of the Whole of the World Summit for Social Development

Incluye Bibliografía

Poverty measurement in Australia: the effect of government non-cash benefits and location

Includes bibliography