Devoting an increasing amount of resources to the investment process tends to be a common recommendation to promote a sustained economic growth. Curiously enough, according to growth neoclassical theory, the factor that determines growth in the long-term is technological progress rather than...

Inflation is usually defined as a generalized and persistent change in the price level. But this notion seems to be restricted to à la Cagan high inflations of a monetary origin, in which absolute price change prevails. It is not obvious, though, that inflation dynamics is always dominated by a...

Although the international crisis was initially seen as an event limited to a particular segment of the financial systems of central economies, it rapidly escalated and became global through different transmission channels, raising doubts over the hypothesis of the so-called decoupling. Latin...