One can analyze and forecast the inflationary potential in the Puerto Rican economy using the “P* model.” Given the nature of the monetary sector in Puerto Rico (PR), the model is put into the context of variables from the mainland United States (US). The results indicate a long-run...

In this article, an approach to the ecological footprint becomes from a microeconomic perspective, speci¯cally from the consumer traditional theory. It is revealed how the consumption of goods and services redound in the consumption of natural resources and provoke a decrease in the wellbeing...

This is a review essay that discuss the behavior of the Economy of Puerto Rico. It centered in the transformation of the economy after World War II.

This work studies the significance of the social costs generated by the dynamic inconsistency of the decisions taken by the politicians in Puerto Rico. The dynamic inconsistency problem arises when the government makes sequential decisions that compromise its future actions. The same one affects...

This paper makes an empirical analysis to the functional form derived from the demand function for gasoline in Puerto Rico. According to the structure of the gas market in Puerto Rico and the international context, we studied the consumption of gasoline based on an exercise of constrained...

Building on the work of Noriega (1994), this paper demonstrates how you get an excess demand for money alternative, relating the total value of production and consumption. However, unlike this paper, we use the dynamic programming method to assess consumer behavior and production function are...