There is a widespread belief that fiscal rules hinder public investment. The reasoning is straightforward: to adhere to these rules, governments often must reduce spending, particularly on infrastructure projects, which are not deemed essential in the short term. But is that really the case? New evidence from Europe, emerging markets and Latin America shows otherwise. … [Read more...] about Unveiling the Truth: How Sticking to Fiscal Rules Boosts Investment in Latin America
Marta Ruiz-Arranz
Marta Ruiz-Arranz is the Chief of the Fiscal Management Division of the Inter-American Development Bank (IDB). Previously, she served as Principal Economic Advisor in the Central America, Haiti, Mexico, Panama, and Dominican Republic Country Department and in the Andean Country Department at the IDB. Prior to joining the Bank in 2015, Marta worked for 12 years at the International Monetary Fund, where she was a Deputy Division Chief in the Fiscal Affairs Department. She holds a PhD in Economics from Harvard University.