The recent literature on sudden stops is based on the fact that many emerging market economies experience recurrent and sharp capital account reversals. In this paper we argue, as some recent research has started to emphasize, that more information can be obtained by looking at gross rather than...

This paper presents evidence of an important decline during recent decades in the pass-through from the price of oil to the general price level. We find that this decline is a generalized fact for a large set of countries. After documenting correlations between the consumer price index and oil...

This paper presents evidence of an important decline during recent decades in the pass-through from the price of oil to the general price level. We find that this decline is a generalized fact for a large set of countries. After documenting correlations between the consumer price index and oil...

Este artículo analiza la dinámica de la pobreza y movilidad relativa en Chile. Utilizando datos de panel extraídos de la encuesta de Caracterización Socioeconómica Nacional (CASEN) de los años 1996 y 2001, se examina los movimientos en el ingreso per capita y la probabilidad de entrada y...

Utilizando datos de panel para el periodo 1996-2001 y datos de corte transversal para los años 1990 y 2003, este artículo evalúa si el crecimiento en Chile ha sido “pro pobre”. Se emplean dos estrategias. Primero se estima la “Curva de Incidencia del Crecimiento” y luego se estima...

Do elite colleges help talented students join the social elite, or help incumbent elites retain their positions? We combine intergenerationally-linked data from Chile with a regression discontinuity design to show that, looking across generations, elite colleges do both. Lower-status individuals...

This paper asks how search costs, limited awareness of schools, misperceptions of schools' attributes, and inaccurate beliefs over unknown schools affect families' search and application decisions in Chile's nation wide school choice process. We combine novel data on search activity with a panel...

This paper shows that health is an important determinant of labor market vulnerability during large economic crises. Using data on adults during Sweden's unexpected economic crisis in the early 1990s, we show that early and later life health are important determinants of job loss after the...

We study the effect of birth weight on long-run outcomes, including permanent income, income across various stages of the lifecycle, education, social benefits take-up, and adult mortality. For this purpose, we have linked a unique dataset on nearly all Swedish twins born between 1926-1958,...