We study how estimators used to impute consumption in survey data are inconsistent due to measurement error in consumption. Previous research suggests instrumenting consumption to overcome this problem. We show that, if additional regressors are present, then instrumenting consumption may still...

The literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) the financial view, which highlights the consequences of international financial integration; and iii) the political view, which stresses the use...

The Cold War was the defining episode of geopolitical fragmentation in the twentieth century. Trade between East and West across the Iron Curtain (a symbolical and physical barrier dividing Europe into two distinct areas) was restricted, but the severity of these restrictions varied over time....

Artículo de revista ; El envejecimiento de la población es uno de los grandes retos globales. Las economías de América Latina presentan una estructura de población más joven que la de otras economías emergentes y que la de las avanzadas, lo que les ha permitido disfrutar del llamado...

Artículo de revista ; Population ageing is a major global challenge. The Latin American economies have a younger population structure than other emerging and advanced economies, which has allowed them to enjoy the so-called demographic dividend (a favourable working age/non-working age...

Este artículo estima el impacto del MERCOSUR sobre los flujos comerciales y el bienestar usando un modelo de gravedad estructural cuantitativo estándar. El impacto sobre los flujos de comercio bilateral y sobre el bienestar es altamente heterogéneo entre los países del MERCOSUR. El aumento...