Spanish Abstract: La hipótesis de expectativas racionales domina los programas de investigación macroeconómica desde su surgimiento en los años setenta. Este marco metodológico dio a la macroeconomía fundamentos dinámicos consistentes con la teoría de la elección racional. Sin embargo,...

We analyze the emergence of large-scale education systems in a framework where growth is associated with changes in the conguration of the economy. We model the incentives that the economic elite could have (collectively) to accept taxation destined to nance the education of credit-constrained...

This paper analyses the relationship between inflation and relative price variability, in the direction of the latter, in two countries with very different inflationary experiences: Argentina and Spain. To address this objective, using disaggregated price indexes (the Wholesale Price Index for...

The menu-costs model developed by Ball and Mankiw (BM) [Ball, L., Mankiw, N.G., 1994. Asymmetric price adjustment and economic fluctuations. Economic Journal 104 (423), 247-261; Ball, L., Mankiw, N.G., 1995. Relative-Price Changes as Aggregate supply shocks. Quarterly Journal of Economics 110 (1),...

We analyze the emergence of large-scale education systems in a framework where growth is associated with changes in the con guration of the economy. We model the incentives that the economic elite could have (collectively) to accept taxation destined to nance the education of credit-constrained...

We analyze the emergence of large-scale education systems in a framework where growth is associated with changes in the conguration of the economy. We model the incentives that the economic elite could have (collectively) to accept taxation destined to nance the education of credit-constrained...