February 22, 2018Puerto Rico
Puerto Rico’s latest fiscal plan appears to use a best case scenario as its base case. It consequently doesn’t provide a realistic benchmark for evaluating Puerto Rico’s long-run capacity to pay.
September 27, 2017Puerto Rico
Puerto Rico faced immense challenges even before the devastation from Hurricane Maria. Its economy is 15 percent smaller now than it was ten years ago, and the latest high frequency indicators from t…
July 16, 2018Puerto Rico
Sales tax revenues have recovered. Fiscal year 2019, which started in July, should be a good year thanks to Federal disaster aid. The real question though is what happens when Federal aid starts to f…
October 10, 2017Puerto Rico
A new report from the Center for International Governance Innovation (CIGI), co-authored by Brad W. Setser and Gregory Makoff.
April 19, 2018Puerto Rico
The power is off in Puerto Rico, again. It may not be restored for a day or two. Puerto Rico obviously has yet to fully recover from Maria’s devastation. Tax revenues this fiscal year are off by o…