Los programas de transferencias monetarias han cobrado gran importancia en América Latina. La preocupación por su adecuada focalización se ha centrado en excluir a las personas que no cumplen los requisitos de elegibilidad. En cambio, se ha prestado menos atención al hecho de que ellos no...

During the twentieth century Uruguay showed marked cyclical fluctuations. In particular, in the last decades Uruguay exhibited periods of significant growth which turned out not to be sustainable and ended in deep crises. In this paper we intend to help explain Uruguay’s cyclical volatility by...

The usual criteria to measure poverty relies on measuring income. This method has been questioned by Amartya Sen’s capabilities approach. However, there is still no consensus on how to operationalize the capabilities approach. In this paper we use a poverty measure developed by Haveman and...

In the last decades there has been increased interest in studying the impact of inequality on growth. Most of the recent literature points to a negative impact of inequality on future growth but there are also models that argue in favor of a positive relationship or a non linear one. A possible...