Latin America and the Caribbean can look back on the economic management of the post-pandemic period with some pride. Central banks acted decisively, raising interest rates before other regions and successfully curbing inflation faster. Fiscal balances were consolidated, contributing to lower sovereign debt spreads. Financial markets showed they could withstand shifts in global … [Read more...] about Regional Opportunities Amid Global Shifts
João Ayres
É economista do Departamento de Pesquisa do BID. Seus interesses de pesquisa se concentram em economia internacional, macroeconomia e finanças públicas. Formado em economia pela Universidade de São Paulo, João tem mestrado e doutorado em economia pela Fundação Getúlio Vargas e doutorado em Economia pela Universidade de Minnesota.
Unicorn Firms and Business Dynamism
In the ever-evolving landscape of global business, unicorn firms—startups valued at over $1 billion—have emerged as epitomes of business dynamism. They are not just disruptors; they are the vanguards of innovation, driving the three main components of business dynamism: entry, growth, and exit. Unicorns leverage groundbreaking ideas, cutting-edge technologies, and new … [Read more...] about Unicorn Firms and Business Dynamism
Business Dynamism is on the Decline Globally
Business dynamism occurs when new firms enter the market, existing firms expand, and less productive firms exit. But business dynamism is fading in many economies around the world, disrupting the process by which resources, such as labor and capital, are allocated efficiently in the economy. Much of the evidence for this can be seen in advanced economies, like … [Read more...] about Business Dynamism is on the Decline Globally
The Universal Factors Behind Inflation in Latin America and the Caribbean
With inflation in Latin America and the Caribbean running at its hottest in two decades, the issue of where that inflation comes from and what the region's central banks might do differently has taken on great urgency. Our newly released study arrives at a hugely important conclusion: the overwhelming bulk of inflation in the region today comes not from factors that are … [Read more...] about The Universal Factors Behind Inflation in Latin America and the Caribbean
US Interest Rates and the Cost of Borrowing for Emerging Economies
With the first signs of decelerating inflation in the United States, countries in Latin America and the Caribbean are probably asking themselves when borrowing costs will fall again. Lower inflation rates in the US, after all, could allow the Federal Reserve to end its cycle of rising interest rates sooner than expected and start eventually reducing the Fed Funds Rate (its … [Read more...] about US Interest Rates and the Cost of Borrowing for Emerging Economies