Economic variables are known to move asymmetrically over the business cycle: quickly and sharply during crises, but slowly and gradually during recoveries. Not known is the fact that this asymmetry is stronger in countries with less-developed financial systems. This new fact is documented using...

When citizens in a poor constrained society are very unequally endowed, they are likely to find it hard to agree on reforms, even though the status quo hurts them collectively. Each citizen group or constituency prefers reforms that expand its opportunities, but in an unequal society, this will...

Este libro representa un nuevo aporte al análisis de los desafíos de desarrollo de América Latina y el Caribe y al planteamiento de opciones de políticas para enfrentarlos. En los últimos 30 años, América Latina y el Caribe ha transitado por períodos de luces y sombras, durante los...

Este libro forma parte de las actividades conmemorativas del quincuagésimo aniversario de la fundación del Instituto Latinoamericano y del Caribe de Planificación Económica y Social (ILPES) de la CEPAL. Para su elaboración se han reunido las contribuciones de antiguos funcionarios, expertos...