Should goverment finance political parties? According to this paper, yes. Specially in peruvian case where social conflict is frequent because this is a more efficient way to put an issue in public agenda instead of building a political party. A formal model of cost benefit is presented to...

Teachers differ greatly in how much they teach their students, but little is known about which teacher attributes account for this. We estimate the causal effect of teacher subject knowledge on student achievement using within-teacher within-student variation, exploiting a unique Peruvian...

The aim of this document is to establish the relationship between fiscal policy and the level of economic activity. On the theoretical ground, this is done using a model that links fiscal policy with economic activity, mixing the contractive and/or expansionary effects of a fiscal expansion,...

El desarrollo es la referencia más evocada cuando se trata de definir aspiraciones sociales e incluso se denuncia o reclama frustaciones e insuficiencias. Sin embargo, no hay unanimidad de conceptos ni proyectos al respecto, y cuando se le invoca se mencionan las ideas de riqueza, abundancia,...

Past research demonstrates that happiness is higher to the extent people prioritize intrinsic goals (for self-acceptance, affiliation, and community feeling) over extrinsic goals (for financial success, popularity, and image). Because most of the research on personal goals and wellbeing has been...

This paper tests the hypothesis of ‘commodity currency’ on the nuevo sol and, more generally, identifies the drivers of Peru’s equilibrium real exchange rate using a cointegration analysis. The results show that export commodity prices do not have a statistically significant...