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Chile’s small open economy with significant mismatch between the production and consumption baskets may be represented by three stylized sectors, a ...
Is It Even Across Members?
This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a ...
How Big, How Benign and How Reversible?
Real unit labor costs (RULC) growth differentials between euro area members have persisted since EMU began and even widened out in the run-up to the c...
Does Speed Matter?
Should fiscal consolidations be front-loaded or proceed at a more steady pace, and how does this affect growth? We make an attempt to address this que...
We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of job destruction rates and expecte...
Copper Price Uncertainty and Investment in Chile
A strand of research documents Chile’s copper dependence hence significant exposure to terms of trade shocks. Copper prices’ sharp decline and for...
This paper develops comparable financial conditions indices (FCIs) for the six large and most financially-integrated Latin American economies (LA6) by...
Gains from Further Liberalization
The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen s...
The pandemic has urged countries around the globe to mobilize financing to support the recovery. This is even more relevant in Central America, where ...
Can We Explain the Differences?
The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the core. This paper puts recent dem...
This paper analyzes the potential for fintech to facilitate cheaper and more efficient remittances, and to enhance financial inclusion in Central Amer...
Raising living standards continues to be the main challenge facing Guatemala, as a matter of economic success and social cohesion. This paper discusse...
A General Equilibrium Approach for France
The paper presents a simple supply side, general equilibrium model to estimate the macroeconomic effects of labor tax cuts. The model assumes that out...
This paper explores the impact of fiscal and labor market policies on efficiency, inequality, and fiscal outcomes in France. We extend the general equ...
Depreciation and Inflation Dynamics in Chile
This paper examines inflation dynamics in Chile during the last peso depreciation episode 2013-15. The evidence is for substantial pass-through effect...