Si el Populismo es una Acción Colectiva perjudicial para una sociedad, ¿por qué los ciudadanos actuando en plena libertad democrática votan a favor del Populismo? En un trabajos previo he analizado un modelo tipo presa – predador que describe el comportamiento económico que suele...

It is puzzling why China has one of the highest investment rates in the world. In 1994 China introduced a new fiscal system. Using this natural experiment and the dynamic provincial panel data during the following period 1995-2002, we find that fiscal decentralization has a significant, positive...

We propose creative destruction as the channel for inflation to impact growth. The banks reap revenue from higher rates of credit growth, attracting more labor into banks and decreasing the profit of entrepreneurs. But when the revenue is achieved by issuing more credit to entrepreneurs, part of...

We build a growth model with status preference to explore the effects of patent protection on innovation, inequality and social welfare. The main results are as follows. There is a non-monotonic relationship between patent protection and innovation. In addition, the effect of patent protection...

This paper investigates the relationship between optimal monetary and tariff policy in open economies. In producer-currency pricing (PCP) case, as in Obstfeld and Rogoff (2002), optimal tariff policy rules are separable from optimal monetary policy rules. Except for PCP case, they are not...

This paper examines optimal monetary policy rules in open economies with vertical production and trade in which we emphasize the role played by reference currency. As evidenced by empirical ï¬ndings, we assume ï¬nal goods prices are sticky, but intermediate goods prices are flexible. We...

El enfoque tradicional de gestión de una empresa parte de la base que existe un conjunto de activos que son inmovilizados con el objetivo de obtener ingresos operativos, que netos de los gastos operativos proporcionan una renta, siendo evaluada la misma en relación al capital inmovilizado. A...

En Diciembre de 2012 he publicado en esta serie de Documentos de Trabajo un paper en el cual analizaba 22 notas de opinión que había escrito a lo largo de casi dos años y medio en diversos matutinos porteños. De las mismas se podía concluir que la educación Argentina se encontraba en...

La actividad filantrópica de Barón Maurice de Hirsch está claramente signada por una característica distintiva: no proveer caridad sino intentar la rehabilitación económica de los beneficiarios. ¿Cómo propone lograrlo? Hirsch sugiere sistemáticamente que la educación y el entrenamiento...

Members of cooperatives are patrons and owners simultaneously, which turns out to be a consequential feature ingrained in that sort of business associations. This paper puts forward some contributions to the subject. Firstly, it defines a primary cooperative, making hence a contrast with...