La “paradoja del crecimiento infeliz” que encuentran tanto Lora y Chaparro (2008) como Deaton (2008) en la Encuesta Mundial Gallup (EMG) de 2006 es inconsistente con la literatura en términos del impacto del ingreso sobre el bienestar en el corto plazo. Este trabajo incorpora...

The "unhappy growth paradox" found by Deaton (2008) and Lora and Chaparro (2008) on the Gallup World Poll (GWP) 2006 is inconsistent with the literature in terms of the impact of income on wellbeing in the short term. This paper incorporates alternatively inequality indicators and the change in...

We analyze data on happiness for Argentina and Uruguay. The focus is put on self-reported health status as a key aspect in increasing happiness levels. Then, the probabilty of being happy is estimated by probit models. Results show that the main relationship is between happiness and health...

Commodity prices have been growing fast in the last few years and this has caused countless economic changes worldwide. This paper looks for a place in this topic offering a smooth transition vector autoregressive model whose motivation is rooted in the heterogeneous agent based models...

This paper presents an analysis of the expected inflation distribution based on the surveys made to economic analysts in the private sector, by Banco de México. Conceptually, the analysis can be divided into three aspects: level, dispersion, and skewness, of expected inflation. It is...

Because of the importance of the energy sector's development for the performance and stability of the economy, its analysis has become an intriguing branch of the economic sciences. For this study it should be tested the characteristics of each of the industries that comprise it, as well as make...

Esta tesis es un esfuerzo por desentrañar el papel que juega el campo financiero dentro del proceso de acumulación de capital y la manera en que condiciona el desarrollo de la lucha entre las clases sociales por la distribución de la riqueza y el control político de la comunidad. El punto de...

En 1970, E. Fama publicó un artículo sobre la teoría de los mercadosde capitales eficientes" que tuvo -y aún tiene- un impacto muy fuerteen finanzas. El artículo muestra que la teoría presentada por Fama notiene nada que ver con la eficiencia tal como la entienden los economistas.En...

Under what circumstances is it necessary or convenient for an agent to rely on habits and rules? This paper focuses on the types of decision situation giving rise to their use. Even optimisation requires the development of rules, and for this reason mainstream economics cannot legitimately...