, Colombia and Mexico, during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early 1990s, a period …Examines the evolution of the cyclicality of real wages and employment in four Latin American economies: Brazil, Chile …

with and without wage rigidities. The paper then explores time series data from Argentina, Brazil, Colombia and Mexico to … the sectoral expansion being driven by relative demand or productivity shocks to the nontradables sector that lead to …

increasing demand for metals like copper and lithium due to the growth in renewable energies and electromobility, metal abundant … countries like Chile must ready themselves to remain active players in the international arena. The study aims at identifying … have given shape to Chile's economy, especially during the uncertain times of the covid pandemic. Our Structural Vector …

Mexico's 'soda tax' has been predicted to reduce average weights by two to four pounds, based on extant estimates of an … own-price elasticity of quantity demand for soda of between -1.0 and -1.3. These estimates ignore consumer responses on … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity …

In this paper, we analyze employment and capital adjustments using a panel of plants from Colombia. We allow for …-level productivity, demand shocks, and cost shocks, and use them to measure desired factor levels. We then estimate adjustment functions … investment. Moreover, we find that the market oriented reforms introduced in Colombia after 1990 increased employment adjustments …

depends on the consumers' rational price expectations from the recent past. By implication, demand responses are more elastic … for price increases than for price decreases and thus firms face a downward-sloping demand curve that is kinked at the … consumers' reference price. Firms adjust their prices flexibly in response to variations in this demand curve, in the context of …

of the banana plants because of sufficiently low elasticity of demand. Using the cyclones of 2006 and 2011 as exogenous … events, we identify the elasticity of demand for bananas in Australia to be around -0.5. We indeed find limited evidence for …

We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported … percentage points. These results imply a role for aggregate demand stabilization policy to buffer the economic consequences of …