Levels of economic development vary widely within countries in the Americas. We argue that this variation can be explained by differences in institutions which in turn have their roots in the colonial era. Colonizers engaged in different economic activities in different regions of a country,...

The series of crises, which have affected emerging markets in recent years, have reopened the debate on the most appropriate exchange regime for an emergent economy. In particular, all countries that experienced severe crises in the 1990s had some sort of fixed exchange rate regime, the majority...

Chile has shown in Latin America that an open economy can detach itself from the vicissitudes of its neighbors. It also has shown that it delivers growth. However, other countries in Latin America have considered reinventing the ALALC strategy of the sixties, a strategy of opening to regional...

En Chile, prácticamente todos los niños asisten a la escuela hasta la edad de 13 años. Sin embargo, de allí en adelante comienza un proceso de deserción que es el objeto de estudio de este trabajo. Se estudiará el grupo de edad de 14 a 17 años, que debiera asistir a la educación media....

La vinculación eficaz del legislador y demás órganos del Estado a los derechos fundamentales es característica principal de las constituciones políticas más recientes, incluyendo la Constitución de Chile. El trabajo plantea la extensión del análisis económico de las decisiones...

This paper analyzes Latin America’s recent experience with the use of inflation targeting (IT) while the region has made substantial progress toward eradicating high inflation. The paper assesses the implementation and results of inflation targeting in Latin America from a broad perspective....