The goal of this document is to present a methodology for estimating probabilities for ordered sets. This may have several practical applications such as calibration of Rating Models, estimation of Mortality Tables or measurement of side effects related to different doze sizes. In order to do...

We offer a critique of a paper recently published Lorenzoni and Werning (2023). The paper 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...

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...

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...

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...