This study estimates a composite leading business cycle indicator for the Uruguayan economy following the methodology of The Conference Board. Prediction is based on the analysis of multiple series that have a leading relationship to the Industrial Production Index, which is used as the...

This article discusses the public expenditure management in Uruguay between 1910 and 2000, in relation to the government resources oriented to social protection. It considers the domestic long run income-elasticity of the public expenditure. Then, it studies the cyclical performance of the total...