Nowadays, society is increasingly asking questions about the conduct of macroeconomic policy in developing countries. But what is the scope for macroeconomic management in developing countries? Should international financial institutions that assist developing countries rely heavily on it? The...

Cuban economic planning and its heterodox adjustment to the collapse of the Council for Mutual Economic Assistance occupy a controversial place in discussions on globalization. Frequently, observers' diverse political affiliations generate biased representations of Cuban economic policy. Based...

Spanish Abstract: En 1989 Venezuela implementó un programa de reformas para fortalecer el papel del mercado en la asignación de los recursos y disminuir la intervención del Estado y un año después Perú hizo otro tanto. Sin embargo, Perú creció a una tasa de 6,3 por ciento en las...

Theory and evidence suggest that in an environment of well-anchored expectations, temporary news or shocks to economic variables, should not affect agents ́expectations of inflation in the long term. Our estimated structural VARs show that both long- and short-term inflation expectations are...

This paper investigates whether uncertainty about economic policy plays a role in shaping the credibility and reputation of the central bank in the eyes of the public. In particular, we look at the effect of policy uncertainty for the dynamics of citizens' opinion, being trust, satisfaction or...

This paper investigates whether uncertainty about economic policy plays a role in shaping the credibility and reputation of the central bank in the eyes of the general public. In particular, we look at the effect of policy uncertainty for the dynamics of citizens' opinion, being trust,...

Against the backdrop of the move to an inflation targeting monetary policy framework beginning 2014 with consumer price index (CPI) inflation as the nominal anchor, this paper revisits monetary transmission dynamics. Rather than confining to the typical three equation New Keynesian model, this...

Theory and evidence suggest that in an environment of well-anchored expectations, temporary economic news or shocks should not affect agents' expectations of inflation in the long term. Our estimated structural VARs show that both long- and short-term inflation expectations are sensitive to...

Theory and evidence suggest that in an environment of well-anchored expectations, temporary news or shocks to economic variables, should not affect agents' expectations of inflation in the long term. Our estimated structural VARs show that both long- and short-term inflation expectations are...