Despite having accumulated physical and human capital at significant rates, Latin America´s growth has been generally disappointing. Successful growth episodes have been accompanied by surges in TFP, sound and stable macroeconomic policies, and fewer distortions and government interventions....

El trabajo tiene por objeto presentar la calibración de un modelo computable de equilibrio general para la economía chilena. El modelo representa la estructura de una pequeña y abierta economía, de cuatro sectores, con precios relativos de bienes endógenos y precios relativos de factores...

The world's average saving rate has declined for the last two decades but country saving rates exhibit a large dispersion, especially in developing regions. While in a small number of developing countries saving has risen substantially if -along with growth- saving has stagnated or even declined...

This paper summarizes a research project focused on the empirical determinants of and interrelations between macroeconomic regimes, policies, and performance in the world. The project’s hypotheses are structured into three related themes. The first aim is analyzing the determinants of the...