Este trabajo analiza la institucionalidad del sistema de jubilaciones y pensiones en Uruguay, considerando, tanto el comportamiento global del sistema, como la situación específica de los subsistemas que lo componen. Se destaca el reciente proceso de expansión de la cobertura del sistema,...

In emerging markets, policies for preventing and managing financial crises should be understood following the standard open economy macroeconomics text treatment. This, however, will prevent us from fully comprehending how to deal with these crises. To deal with financial crises in emerging...

This paper analyzes the reasons behind Central Government (CG) bailouts of Subnational Governments (SNGs) in the case of Uruguay. We argued that Uruguay represents a good example of the risks of fiscal decentralization, in the context of adjustment policies, and when SNGs` responsibilities and...

This paper studies the relationship between a set of commodity prices in a small open economy like Uruguay and the corresponding international and regional prices. The empirical methodology used is the multivariate cointegration procedure based on maximum likelihood methods introduced by...

In emerging markets, policies for preventing and managing financial crises should be understood following the standard open economy macroeconomics text treatment. This, however, will prevent us from fully comprehending how to deal with these crises. To deal with financial crises in emerging...

El objetivo de este trabajo es caracterizar los instrumentos de política económica que inciden en las decisiones que adoptan los agentes del sector privado en la economía uruguaya. Pretende identificar y analizar los incentivos y desestímulos de política económica que perciben las empresas...

The aim of this paper is to examine the consequences for the Canarian banana sector of the obligation to be integrated in producer’s organisations as a result of the coming into force of the European Common Market Organisation for bananas. Firstly, the successive modifications to the...

El objetivo de este trabajo es caracterizar los instrumentos de política económica que inciden en las decisiones que adoptan los agentes del sector privado en la economía uruguaya. Pretende identificar y analizar los incentivos y desestímulos de política económica que perciben las empresas...