Revista Desarrollo y Sociedad 96

Cuidados de la vejez y oferta laboral femenina en América Latina
Elisa Failache Mirza, Noemí Katzkowicz Junio, Fabrizio Méndez Rivero, Cecilia Parada Larre Borges, Martina Querejeta Rabosto

Brecha salarial de género y violencia doméstica contra las mujeres: el caso peruano
Diego Quispe Ortogorin

Incidencia del sector externo en el crecimiento económico del Paraguay, periodo 1994-2020
Econ. Héctor Rubén Alderete Torales, Maria Antonella Cabral Lopez

Seminario CEDE - Luis Roberto Martínez

Fiscal rules are a promising tool to improve fiscal discipline and reduce waste in public spending, but their effectiveness and political feasibility remain unclear, particularly in weakly institutionalized settings. We leverage exogenous variation across Colombian municipalities in exposure to a fiscal rule that limits the operating expenditures of local governments. Our difference-in-differences analysis yields three main findings. First, the fiscal rule is highly ef-fective at reducing operating expenditures and the probability of a current deficit.