This paper presents a comparative analysis of the macroeconomic adjustment in Chile,Colombia, and Peru to commodity …

incorporates consumption, leisure, mortality and in equality, and we extend the methodology to include environmental externalities …

that can justify macroprudential regulation. It explains how externalities associated with the activity of financial … externalities that can lead to systemic risk as: 1. Externalities related to strategic complementarities, that arise from the … expansionary phase of a financial cycle; 2. Externalities related to fire sales, that arise from a generalized sell-off of …

decisions and consumer welfare depends on the relative size of search externalities in domestic and international markets. These … externalities can be positive if firms share information about potential matches, or negative if the market is congested. Using … unique firm-to-firm transaction-level data from Uganda, I document empirical evidence consistent with positive externalities …

We study inflation dynamics in Colombia using a bottom-up Phillips curve approach. Thisallows us to capture the … different drivers of individual inflation components. We find that thePhillips curve is relatively flat in Colombia but steeper …