This article analyses the factors that determine the long-run real exchange rate in Argentina, Colombia and Mexico, distinguishing between real and nominal determinants. Cointegration analysis is utilised to establish that the real exchange rate has an equilibrium relationship with real...

This paper investigates the impact of changes in monetary variables on the domestic and foreign sectors, the determinants of central bank policy, and the response to foreign monetary changes in Mexico and India. Multivariate Granger-causality tests, variance decompositions and impulse response...

This study evaluates people’s concerns for distributive fairness (equality of outcomes and payoffs to those worse-off) and reciprocal fairness (receiving what one is due based on one’s past actions) using dictator, ultimatum, and trust games. In the dictator games we classify individuals’...

<title>Abstract</title> This contribution provides evidence that social preferences differ by gender among United States college students. Tracking within-person choices over ten dictator exercises in which individuals choose one of three allocations of money between themselves and two other participants, this...

The economic approach to optimal criminal penalties measures the welfare effects of crime and punishment in dollar terms, ignoring differences in the marginal utility of money among people. This paper alternatively proposes using time as the unit of measure in determining optimal criminal...

Este documento estudia los efectos de la política monetaria bajo el régimen de minidevaluaciones en Colombia. En el artículo se emplean las pruebas de causalidad de Granfer, la descomposición de varianza y las funciones impulso - repuesta de los vectores autorregresivos (VAR).

This paper uses dictator experiments to examine gender differences in altruistic behavior in the United States when decisions are made individually and jointly. In anonymous individual giving to charity, women give substantially more than men, and in paired settings, mixed-sex groups give the...