Policy notes 

“One Hundred Years of Fiscal Procyclicality in Uruguay, “ discussion on “The Case of Uruguay,” by Gabriel Oddone and Joaquin Marandino, in Timothy Kehoe and Juan Pablo Nicolini, eds., A Monetary and Fiscal History of Latin America, 1960-2017 (University of Minnesota Press,, 2021), pp. 485-491. 

"Tax Hikes Are Not always Contractionary" (with Samara Gunter, Daniel Riera-Crichton, and Guillermo Vuletin), VoxEU (May 2019). 

"Tax Rises Don't Always Stifle Growth, Economists Argue," World Economic Forum (May 2019)

"On Risk and Black Swans in Emerging Markets" (with Guillermo Vuletin, Daniel Riera-Crichton, Juan Pablo Medina, Luis Morano, and Lucila Venturi), VoxEU (November 2018).  Spanish version published under the title "Sobre Riesgo y Cisnes Negros en Mercados Emergentes," VoxLacea (November 2018).

"How to Deal with Growing Fiscal Deficits?  Are Higher Taxes a Smart Option?" (with Samara Gunter, Daniel Riera-Crichton, and Guillermo Vuletin), Brookings Institution (January 2017).

"Foresight Africa Viewpoint:  Revenue Mobilization in Commodity-Rich countries:  Challenges and Opportunities" (with Samara Gunter, Daniel Riera-Crichton, and Guillermo Vuletin), Brookings Institution (January 2017).  

"Escaping the procyclical fiscal policy trap," Article in Financial Times (June 6, 2017).

"To Be Countercyclical or Not?  That Is the Question for Latin America" (with Guillermo Vuletin), VoxEU (February 2016).  Spanish version published under the title "Ser o No Ser Contracíclico?  Esa Es la Cuestión para América Latina," Vox.Lacea (May 2016).

"The Social Impact of Fiscal Policy Responses to Crises" (with Guillermo Vuletin), VoxEU (June 2014).  

"Fiscal Policy in Emerging Markets:  Procyclicality and Graduation," NBER Reporter (December 2015).  

"Monetary, Exchange Rate, and Macroprudential Policy over the Business Cycle" (in Spanish), Revista de Economía (Central Bank of Uruguay), Vol. 21 (November 2014), pp. 7-37.  [Revised transcript of keynote lecture  at the Annual Conference organized by the Central Bank of Uruguay, August 2014.]

"Monetary Arrangements in Volatile Environments" (in Spanish), Revista de Economía (Central Bank of Uruguay), Vol. 22 (May 2015), pp. 7-18.  [Revised transcript of presentation at closing panel of the Annual Conference organized by the Central Bank of Uruguay, August 2014.]

"Tax-Policy Procyclicality" (with Guillermo Vuletin), VoxEU (October 2013).

"Graduation from Monetary Policy Procyclicality" (with Guillermo Vuletin), VoxEU (2012).  

"Fiscal Policy in Developing Countries:  Escape from Procyclicality" (with Jeffrey Frankel and Guillermo Vuletin), VoxEU (June 2011).

"How Big Are Fiscal Multipliers?" (with Ethan Ilzetzki and Enrique Mendoza), CEPR Policy Insight No. 39 (October 2009).  

"How Big Are Fiscal Multipliers?  New Evidence from New Data" (with Ethan Ilzetzki and Enrique Mendoza),  VoxEU (October 2009). 

Bob Lucas (1937-2023):  A Personal Remembrance (in Spanish), VoxLacea (May 2023).