In recent years, Bolivia has made progress in terms of poverty reduction; however, many households still live with low incomes or face deprivations in other aspects. For this reason, this study aims to estimate the evolution of poverty, both in multidimensional and monetary terms, as well as the...

In the Southern Altiplano of Bolivia, altered climate patterns have negatively impacted the production of essential crops. In particular, quinoa, which has gained global popularity as a superfood, has been affected. The increased demand has placed considerable pressure on local farmers to...

We analyze a recent paper that claims that dollarizing an economy in the presence of a "dollar shortage" will provoke an immediate sharp reduction in real output and welfare. We find many problems with the model that supports this conclusion: confusion about the nature of a dollar shortage and...

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...

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...