In this paper we study the integration properties of some of the main macroeconomic series of Argentina. We present a robust methodology for the analysis of persistence of shocks affecting macroeconomic series and its consequences on the modeling of the cyclical and permanent components. Our...

We examine public sector restructuring in North America and selected Commonwealth Caribbean nations. Although all the countries studied experienced significant restructuring in response to public debt pressures, there were major differences across countries in the magnitude, pace, form, and the...

This paper analyzes the evolution and differential scope of restrictions to financing for the companies surveyed by the Large Companies Survey (ENGE) of the National Institute of Statistics and Census (INDEC) during the period 1995-2003. The main purpose of this study is to differentiate results...

Financial constraints affect firms’ financial and productive decisions generating substantial macroeconomic implications in terms of investment, economic growth, inflation and income distribution. Despite its relevance, financial constraints are not directly observable. However, empirically...

En la última década, las economías latinoamericanas experimentaron un considerable aumento en la cobertura de sus sistemas de seguridad social. Reforzando tal dinámica regional, Argentina introduce en 2014 una nueva política creadora de derechos sociales orientada a los jóvenes,...

The aim of this paper is to examine the effect of different exchange rate schemes, alternative demand regimes and variable degrees of productive heterogeneity on employment volatility in Argentina over the last two decades. The main contribution lies in the theoretical development of a series of...

This paper analyzes the evolution and differential scope of restrictions to financing for the companies surveyed by the Large Companies Survey (ENGE) of the National Institute of Statistics and Census (INDEC) during the period 1995-2003. The main purpose of this study is to differentiate results...

This study gives a non-traditional framework for the evaluation of an asymmetric monetary association (such as dollarization). We discuss the relationship between real volatility and country risk and determine the necessary conditions for dollarization to improve social welfare. We concentrate...