This article analyzes how external crises spread across countries. The authors analyze the behavior of four alternative crisis indicators in a sample of 20 countries during three well-known crises: the 1982 debt crisis, the 1994 Mexican crisis, and the 1997 Asian crisis. The objective is...

In this essay, I argue that the explosion of inflation during the Salvador Allende administration in Chile (above 1,500% on a six-month annualized measure) was predictable. The government's use of massive and strict price controls generated acute macroeconomic imbalances. I postulate that the...

A commonly used figure to highlight inequality in Chile is the median income of the Chilean socioeconomic household survey (known by its acronym in Spanish, CASEN). According to this survey, in 2017 the median monthly income per worker was CLP (Chilean pesos) 400,718 pesos, which compares to...