We use a rich and unique dataset of 20 million daily prices in groceries and supermarkets across the country to analyze stylized facts of the behaviour of consumer prices. Our findings are as follows: i) The median duration of prices is little over 2 months. Therefore, retail prices in Uruguay...

We use a rich and unique dataset of 30 million daily prices in groceries and supermarkets across the country to analyze stylized facts of the behaviour of consumer prices. Our findings are as follows: i) The median duration of prices is two months and half. Therefore, retail prices in Uruguay...

This article presents a brief review of the literature on the effect of supermarkets on productivity, employment, the survival of small retailers, prices, and competition in retailing. The following stylized facts emerge: (1) the retail sector has undergone a major concentration around the...

We present students of different careers from the University of Montevideo (Uruguay) to a hypothetical situation in which, as vice-president of a company, have to make a decision that involves a trade-off between economic benefits and number of employees fired. The paper is a replica of the...

Inflation expectations are key unobservable variables for decision-making, especially in managing monetary policy. Understand how to formulate them, if they are rational or adaptive is vital. This study answers these questions through a panel data analysis of the micro data from the inflation...

This study applies the extension of the Machado and Mata (2005) decomposition developed by Albrecht, Vuuren y Vroman (2009) to analyze the gender wage gap in Uruguay. The wage gap is increasing the upper part suggesting a glass ceiling in Uruguay. We also find a positive selection effect.

Recent literature has argued that conventional measures of external sustainability – the trade balance and current account – are misleading because they omit capital gains on net foreign asset positions. We adjust the definition of the current account to include the capital gains and discuss...