Contents:

When Do Governments Improve Fiscal Institutions? Lessons from Financial Crisis and Fiscal Reform in Latin America, Carlos Scartascini and Mark Hallerberg
Institutions, Informal Labor Markets, and Business Cycle Volatility,Alan Finkelstein Shapiro
Is the glass half empty or half full? Enrollment, Graduation, and Dropout Rates in Latin America,Matias Busso, Marina Bassi and Juan Sebastian Munoz
Out of School and Out of Work Youth in Latin America: A persistent problem in a decade of prosperity, Mauricio Cardenas, Rafael de Hoyos and Miguel Szekely
Does Drug Illegality Beget Violence? Evidence from the Crack-Cocaine Wave in Sao Paulo, Joao Manoel Pinho de Mello