We explore empirically models of aggregate fluctuations with two basic ingredients: agents form anticipations about the future based on noisy sources of information and these anticipations affect spending and output in the short run. Our objective is to separate fluctuations due to actual...

Develops and sets a general equilibrium dynamic and stochastic model with 2 sectors, formal and informal, for the economy in Bolivia. The goal of the model is to evaluate the impact of recent labor market reforms on employment, wages and the product. Specifically, analyzes the effect of a tax...