Following the studies of Jaramillo (2004), Céspedes (2006) and Del Valle (2009), the present research evaluates the short term effects of the increase of the minimum wage on employment and labour income in Lima Metropolitana. The contribution of the paper consists in modeling the labour market...

Following the approach of MÈsonnier and Renne (2007), we estimate a Natural Rate of Interest (NRI) using quarterly Peruvian data for the period 1996:3-2008:3. The model has six equations and it is estimated using the Kalman Ölter with output gap and NRI as unobservable variables. Estimation...

This paper analyzes whether the exchange rate pass-through into prices changed when the inflation targeting scheme was adopted in Peru. Firstly, a small dynamic stochastic general equilibrium model is simulated, which shows that adopting this scheme induces an increase in exchange rate...

El presente trabajo tiene como objetivo evaluar el efecto de contar con una lengua materna distinta del castellano sobre la probabilidad de abandonar los estudios básicos en el Perú (en el nivel de primaria o secundaria). Para ello se emplea un modelo de duración de riesgo proporcional (Cox)...

Some stylized facts for foreign exchange and stock market returns are explored using statistical methods. Formal statistics for testing presence of autocorrelation, asymmetry, and other deviations from normality are applied to these ?nancial returns. Dynamic correlations and di¤erent kernel...

Los autores de los artículos de este libro de homenaje a Adolfo Figueroa abordan temas de desigualdad, exclusión y políticas para el desarrollo social y de la democracia

During the past decades, the Pontifical Catholic University of Peru (known as PUCP) has been giving student loans to some of its students with satisfactory academic performance but who face certain economic problems which might interrupt their studies. Although this program was created more than...

The objective of this paper is to estimate interna1 rates of return of education in Peru. The methodology is based on conventional cost-benefit analysis, where income flows are calculated using “mincerian” equations. To deal with sample selection bias, estimated income equations where...

The main purpose of this paper is to answer the following question: which factors explain the persistence of fluctuation in the Peruvian economy? We answer it constructing a non-linear deterministic dynamical system obtaining fluctuations as a result of structural aspect of the Peruvian economy....

The main purpose of this paper is to emphasize the importance of the externa1 imbalances generated by the economic program of the Fujimori government, presenting the circumstances that explain why these imbalances have been accompanied, paradoxically, by a significative increase in foreign...