For many in Latin America, the increasing participation of China and India in international markets is seen as a looming shadow of two mighty giants on the region's manufacturing sector. Are they really mighty giants when it comes to their impact on manufacturing employment? This paper attempts...

We present a novel and tractable model of long-term sovereign debt. We make two sets of contributions. First, on the substantive side, using Argentina as a test case we show that unlike one-period debt models, our model of long-term sovereign debt is capable of accounting for the average spread,...

This paper estimates a high-frequency New Keynesian Phillips curve via the Generalized Method of Moments. Allowing for higher-thanusual frequencies strongly mitigates the well-known problems of smallsample biases and structural breaks. Applying a daily frequency allows us to obtain eventspecific...

We study the interest rate spread of the Argentine financial system during the last eighteen years. We analyze Granger causality of selected variables, and estimate econometric models that relate spread to macroeconomic and microeconomic factors. Resuls indicate that output growth and...

The aim of this paper is to analyze the existence of poverty traps in Argentina. In order to do it so, the income dynamic was estimated by using a pseudo panel built from the Encuesta Permanente de Hogares. This methodology allows to overcome econometric challenges involved in testing for the...

Este trabajo estudia la incidencia distributiva del gasto y consumo de servicios públicos en la Argentina, resultante tanto de la estructura tarifaria y cobertura de redes vigente, como de las decisiones de conexión y consumo de esos servicios por parte de los hogares. Se utilizan datos de...

Este trabajo presenta y discute un conjunto de estadísticas que caracterizan el nivel y la evolución de la polarización laboral en Argentina entre los años 1992 y 2006. Los resultados obtenidos sugieren que el nivel de polarización ha atravesado una primera etapa de crecimiento para luego...

Empirical studies attempting at testing dualism in developing countries often rely on an ex-ante definition of the primary and the secondary sector. Many times this methodology causes biases in the estimation due to sample selection problems. Also, such definitions may be arbitrary sometimes. We...

En este trabajo se analizan dos elementos vinculados al diseño de los programas de transferencias condicionadas de ingresos: la definición de beneficios y beneficiarios. Se discuten cuestiones como: por qué se transfiere dinero, qué rol desempeñan las condicionalidades y contraprestaciones,...