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Unformatted text preview: for implementing counter‐cyclical fiscal policies?” LCR Crisis Briefs Series, The World Bank. Calderon, C. and L. Servén (2004a) “The Effects of Infrastructure Development on Growth and income.” Policy Research Working Paper Series 3400, The World Bank. Calderon, C. and L. Servén (2004b) "Trends in infrastructure in Latin America, 1980‐2001," Policy Research Working Paper Series 3401, The World Bank. Coenen, G. and R. Straub (2005), “Does Government Spending Crowd in Private Consumption? Theory and Empirical Evidence for the Euro Area,” International Finance, 8(3): 435‐470. Consensus Economics (2009) “Latin America Consensus Forecast,” February 16, 2009. Heintz, J. and R. Pollin (2009) “How Infrastructure Investment Supports the U.S. Economy: Employment, Productivity and Growth,” Political Economy Research Institute (PERI), University of Massachussetts Amberst, January 2009. Heller, P. (2005) “Understanding Fiscal Space,“ IMF Policy Discussion Paper PDP/05/4, Fiscal Affairs Department. March 2005. Kenny, C. (2007) “Infrastructure governance and corruption: where next?,” Policy Research Working Paper, WPS4331. The World Bank. Romer, C. and J. Bernstein (2009), “The Job Impact of the American Recovery and Reinvestment Plan.” January 8, 2009. RDEL (2009) “Job and Economic Development Impact Models” National Renewable Energy Laboratory. Schwartz, J., L. Andres, and G. Dragoiu (2009) “Crisis in LAC: Infrastructure Investment, Employment and the Expectations of Stimulus,” The World Bank. UNECLAC (2009) “The reactions of Latin American and Caribbean governments to the international crisis: an overview of policy measures up to 30 January 2009.” UNEP (2008) “Green Jobs: Towards decent work in a sustainable, low‐carbon world,” United Nations Environment Programme (UNEP). Wells, J. (2008) “Transportation Spending, An Inefficient Way to Create Short‐Term Jobs,” The official blog of the U.S. Secretary of Transportation, http://fastlane.dot.gov/2008/09/chief‐ economist.html (Accessed March 12, 2009) Acknowledgements: The authors would like to acknowledge the research assistance of Georgeta Dragoiu, María Claudia Pachón and Darwin Marcelo Gordillo and to thank the following colleagues for their inputs and suggestions: Daniel Benítez, Philippe Benoit, Cesar Calderón, Rodrigo Chaves, Cecilia Corvalán, Augusto de la Torre, Marianne Fay, Jose Luis Guasch, Ada Karina Izaguirre, Emmanuel A. James, William Maloney, Nick Manning, Marisela Montoliu Muñóz, Nicolas Peltier‐Thiberge, Jaime Saavedra, Tomas Serebrisky, María Angélica Sotomayor, Aiga Stokenberga, Theo David Thomas, Maria Vagliasindi, and Ariel Yepes. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors, and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The authors are also solely responsible for any incomplete or inaccurate data....
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