Fausto Hernández, Profesor Investigador Titular de la División de Economía del CIDE, escribió Income-linked Bonds, capítulo del libro Innovative financing instruments in Latin America and the Caribbean. Introduction Traditional sovereign debt has been used for a long time. The benefit of accessing to these international markets is that the country can smooth national consumption over time.
This paper written by Francisco Parro and Loreto Reyes presents evidence on a rise and fall in income inequality in Chile during the past two decades. We show that income inequality rises from 1990 to 2000 and then falls from 2000 to 2011. We perform simple but informative decompositions to figure out the contributing factors
Between 2000 and 2013, Latin America has considerably reduced poverty (from 46.3 to 29.7 % of the population). In this paper written by Marco Stampini, Marcos Robles, Mayra Sáenz, Pablo Ibarrarán and Nadin Medellín, use synthetic panels to show that, despite progress, the region remains characterized by substantial vulnerability that also affects the rising middle