El análisis del nivel y la evolución del poder adquisitivo de los salarios que se perciben en un determinado país resulta una expresión central de las condiciones de reproducción de la fuerza de trabajo. En las comparaciones internacionales, la disponibilidad de coeficientes de Paridad de...

The existence of incomplete financial markets, in an environment of uncertainty, is one of the problems of the Latin American economies, that determines a suboptimal path of public spending, with the consequent loss of social welfare. The existence of a high degree of positive correlation...

In this paper we revisit the results that appeared originally in Coloma (2017) about the possible existence of negative correlation between linguistic measures, using a new database of 80 languages for which we have the same text (which is the fable known as "The North Wind and the Sun"). Most...

The central hypothesis of this article is that liability regulation can foster firms' incentives to study the (potential) dangers of their products. We discuss alternative views and develop a formal model to analyze a firm's incentive structure under the application of hindsight liability. We...

A smart grid is the superposition of one physical electricity network on an information system. "Digitalization" (the growing application of information and communication technologies across the economy) enables electricity to break away from exclusive and centralized generation, opening it up...

Transitions to democracy are generally highly complex processes in terms of political engineering aimed at governance. Spain in 1976, Argentina in 1983 and Chile in 1988 undertook this process with different starting points. However, certain political phenomena are comparable if comparable...

One of the main reasons to dollarize an emerging market economy is to eliminate high, persistent, and volatile inflation. To be effective, dollarization must generate sufficient credibility, which in turn depends critically on whether its expected probability of reversal is low. Argentina once...

We offer a critique of a paper recently published Lorenzoni and Werning (2023) that seeks to make a) an original contribution to the hypothesis that inflation is primarily caused by conflict, and b) reconcile the Post-Keynesian and New-Keynesian traditions. In the first section, the authors...