This paper analyses the magnitude and speed of the exchange rate pass-through to prices comparing the results from a Semi-structural Model, VAR models, nonlinear regressions and the Kalman Filter. This paper also discusses the relation between a set of macroeconomic fundamentals and the exchange...

In this paper we realize a descriptive characterization of the intense transnationalization process in the meat-packing industry in Uruguay in the last years. We show the main determinants of foreign direct investment (FDI) from international and regional factors, to general determinants in the...

Uruguay is carring out an incipient regulatory reform process in telecommunication sector. The reform stresses on the liberalization of all services but fixed telephone and national long distance, and the creation of a regulatory agency. Privatization of the national utility is not foreseen. The...

Social Security systems in Latin America prior to the reforms exhibited some problems that have been reported also in other parts of the world, including OECD countries. This is the case for instance of the increasing pressure that the pension system put on fiscal accounts. Other problems that...

We study the behavioral denition of complementary goods: if the price of one good increases, demand for a complementary good must decrease. We obtain its full implications for observable demand behavior (its testable implications), and for the consumer's underlying preferences. We characterize...

This paper studies the uruguayan young population between 14 and 29 years old. The contribution from young to the society is not limited exclusively to their economic contribution. It is essential in the social institutions as form of giving them the necessary flexibility to adapt to changes,...

Incomplete and highly fragmented work histories threaten to leave many contributors of the pension schemes in Latin America without the minimum pension guarantee or even without access to the ordinary pension. We propose a methodology to assess this risk, identify vulnerable groups and study...