El presente libro busca determinar los principales factores que explican el desempeño económico en el departamento de San Martín, Perú, y analizar las principales restricciones que están enfrentando para acelerar su crecimiento.

El objetivo central del presente estudio es realizar un análisis de la economía política del proceso presupuestario en el Perú. Para ello, se identifican a los principales actores que tienen injerencia sobre el gasto público, los incentivos y restricciones a los cuales se enfrentan, y los...

El objetivo central del presente estudio es realizar un análisis de la economía política del proceso presupuestario en el Perú. Para ello, se identifican a los principales actores que tienen injerencia sobre el gasto público, los incentivos y restricciones a los cuales se enfrentan, y los...

In this paper we summarize the results of a broad exploratory empirical analysis where we relate the level of financial development with the effectiveness of monetary policy. The analysis is based on a panel of countries for which we calculate measures both of financial development and of...

This book presents a new framework for analyzing the political economy of budget processes in Latin America that is based on the following premises: i) the budget process must be considered as part of the overall policymaking process rather than in isolation; ii) budget outcomes cannot be fully...

We use a simple financial friction in an economy with high degree of liability dollarization – and currency mismatch – to show that the negative balance-sheet effect of an exchange rate depreciation may be observable only if the magnitude of the depreciation is large enough. This result...

In this paper we have built a model of financial intermediation that explains the GDP variability pattern of an economy during the development process. In our model, per capita is more volatile in the middle-income economies than in both low and high-income economies. We show that, if the model...

We use a panel of a hundred-plus countries with differing degrees of dollarization to perform an empirical analysis of the effects on inflation of exchange rate depreciations. The results qualify the common view that countries with higher dollarization exhibit higher inflation pass-through. We...

We use a simple financial friction in an economy with high degree of liability dollarization to show that the negative balance-sheet effect of an exchange rate depreciation may be observable only if the magnitude of the depreciation is large enough. This result justifies the difficulty to find...

In this paper we summarize the results of a broad exploratory empirical analysis where we relate the level of financial development with the effectiveness of monetary policy. The analysis is based on a panel of countries for whom we calculate measures both of financial development and of...