The present paper analyzes propagation of shocks to food and energy prices in 46 countries with data from the period 1999-2010. The empirical evidence suggests that in only one of the countries considered, a shock to the price of either energy or food shows no propagation to the prices of the...

This paper proposes a specific mechanism to explain differences in political institutions based on the asymmetric and uncertain costs of civil conflicts. Asymmetry implies that the net benefit of fighting an insurgency is not shared equally by members of the elite. But uncertainty implies that...

In a general equilibrium context, we analyze the impact of changes in institutional labor market conditions, such as access to financing and efficiency, on the composition of employment and unemployment, considering the nature of formal labor contracts and the entrepreneurial capacity of the...

Globalization, which involves progressive integration of countries’ economies, has resulted in an increasing number of people moving from one country to another, without losing their ties to their original home economies. Increasingly, immigrants are sending money to their home countries...

This document presents the methodology and results of project “National Accounts by Institutional Sectors” (NA-IS) at quarterly frequency, launched in 2008 and developed within the framework of the Systems of National Accounts and as part of an action plan for closing statistics gaps...

Globalization, which involves progressive integration of countries’ economies, has resulted in an increasing number of people moving from one country to another, without losing their ties to their original home economies. Increasingly, immigrants are sending money to their home countries...

This paper presents a comparative analysis of the Chilean foreign exchange market in an international context from 2001 to 2010, in respect of three blocks of economies: advanced, emerging and Latin American. Aspects of deepness, liquidity and the international financial integration level are...