Spanish Abstract: La hipótesis de expectativas racionales domina los programas de investigación macroeconómica desde su surgimiento en los años setenta. Este marco metodológico dio a la macroeconomía fundamentos dinámicos consistentes con la teoría de la elección racional. Sin embargo,...

We analyze the emergence of large-scale education systems in a framework where growth is associated with changes in the con guration of the economy. We model the incentives that the economic elite could have (collectively) to accept taxation destined to nance the education of credit-constrained...

This paper analyses the relative price variability (here after, RPVI) for Argentina from 1960 to 1993. The authors have distinguished a first period (1960-1975) with a moderate and stable inflation and a second one (1975-1993) with four inflation regimes: moderate, high, very high and...