In this paper we analyze the recent performance, perspectives and some policy options for two public social security programs in Uruguay: pensions and unemployment insurance. We review the impact of these programs on public expenditure, including recent and expected future trends, and on income...

We simulate the budget of the main pension institution of the country, the Banco de Previsión Social (BPS), from 1995, the year the reform was passed, to 2050, when the new system should be mature. We perform several sensitivity analyses to evaluate which are the key exogenous variables and...

The empirical evidence presented in this paper casts doubts on the by now widely accepted “fact’’ that exchange rate based stabilization programs are expansionary. Even though these programs were associated with output booms, no evidence was found to support the thesis that the booms were...

The purpose of this paper is to serve as an input in the revision of the evaluation guidelines of the Department of Economics FCS – UDELAR (dECON). With this aim, we report on what is taken into account in academic evaluation around the world, and which are the most frequently used methods of...

I analyze political agency models with potentially two equilibria, one in which elections are e¤ective selection mechanisms and only "good" individuals participate in politics and another one in which elections are not e¤ective and "bad" individuals participate in politics. These equilibria...