Some of the best-known papers of Carlos F. Díaz Alejandro were about Latin America's crises in the 1980s and 1930s. I will show data, figures and evidence here about the crises in the advanced economies 30 years later that fit the same narrative. His unadulterated words aptly describe modern...

Some of the best-known papers of Carlos F. Díaz Alejandro were about Latin America's crises in the 1980s and 1930s. I will show data, figures and evidence here about the crises in the advanced economies 30 years later that fit the same narrative. His unadulterated words aptly describe modern...

A worldwide trend began in the 1980s in both developed and developing countries to restructure their power sectors and reform their regulatory framework. The motivation in developed countries to restructure and reform was mainly to improve sector efficiency, while in the developing countries, it...

La discriminación pocas veces es directamente observable, lo cual ha llevado al uso de distintas estrategias para su medición, una de las cuales es el autorreporte de las experiencias de discriminación. En esta línea se encuentra la propuesta de las Naciones Unidas para el seguimiento de las...

The few studies that have examined the wage impact of education across the earning distribution have focused on high-income countries and show education to be more profitable at the top of the distribution. The implication is that education may increase inequality. Extending the analysis to 16...

This paper examines some of the critical issues facing policy setters in emerging economies in light of recent financial and economic liberalization conducted via the implementation of Washington Consensus type policies. Issues considered include the poor sequencing of financial and economic...

We study the macroeconomic effects of monetary policy during financial crises using a Bayesian panel vector autoregressive (PVAR) model for 20 advanced economies. We interact all of the endogenous variables with financial crisis dummies, which are constructed using the narrative approach. We...