Recent research has found evidence that supports the purchasing power parity (PPP) condition in developed countries using very long-span data, while evidence for developing countries is almost nonexistent. This paper tries to fulfill this void by testing the validity of PPP as a long run...

El trabajo tiene por objeto presentar la calibración de un modelo computable de equilibrio general para la economía chilena. El modelo representa la estructura de una pequeña y abierta economía, de cuatro sectores, con precios relativos de bienes endógenos y precios relativos de factores...

The world's average saving rate has declined for the last two decades but country saving rates exhibit a large dispersion, especially in developing regions. While in a small number of developing countries saving has risen substantially if -along with growth- saving has stagnated or even declined...

This paper summarizes a research project focused on the empirical determinants of and interrelations between macroeconomic regimes, policies, and performance in the world. The project’s hypotheses are structured into three related themes. The first aim is analyzing the determinants of the...