This paper develops a non-linear DSGE model to assess the interaction between ex-post interventions in credit markets and the build-up of risk ex ante. During a systemic crisis, bailouts relax balance sheet constraints and mitigate the severity of the recession. Ex ante, the anticipation of such...

This paper proposes a theoretical model which incorporates capital accumulation and spatial spillovers across economies, while allowing for differences in absorptive abilities. This model is later estimated for a sample of 215 European NUTS2 regions, before and after the last enlargement of the...

Economic literature has examined the impact of education and factors endowment on individual preferences towards free-trade and immigration by focusing on the sign of an interaction term between the educational level and the Gross Domestic Product per capita. The aim of this paper is to...

A change in the syllabus of the subject “Mathematic Fundamentals for Social Sciences”, a mandatory subject belonging to the first semester of the general education level of all bachelors at the Facultad de Ciencias Sociales, Universidad de la República. The change also brought an important...

Although the wage distribution is central to analysing inequality issues, the provision of public services destined for t he poor can make an essential difference in evaluating inequality in welfare rather than in income. Whereas raising taxes to fund public services would lead to a...

Latin America is a region characterized by its racial inequality. The recent appearance in official statistics of questions about the racialascendancyof individuals, enables us to test the validity of thatassumption for Uruguay. For the quantification of the wage gap between white and African...

The aim of this paper is to describe the degrees of freedom, and hence the alternatives faced, in designing the electrical markets in general. In a second stage, the analysis is modified so as to study the Argentinian and Brazilian cases, with special emphasis on the expected outcomes for...

This paper examines a unique situation in Uruguay where before-after comparisons about the impact of collective bargaining can be made. During the period under study there were three distinct regimes: (1) 1975-1984 when bargaining was banned, (2) 1985-1991 when there was tripartite bargaining,...