Aug 2014
Author(s): Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, Alessandro
The 2007-2008 global financial crisis and the subsequent anemic recovery have rekindled academic interest in quantifying the impact of uncertainty on macroeconomic dynamics. This paper studies the…
Aug 2011
Author(s): Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, Alessandro; Xu, TengTeng
This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission of international business cycles to Latin America.…
Dec 2010
Author(s): Marcel, Mario; Tapia Troncoso, Waldo
Los efectos de la reciente crisis financiera internacional en los fondos de pensiones de América Latina muestran que ésta no solo ha afectado su rentabilidad sino que también la densidad de las…
Jul 1995
Author(s): Stein, Ernesto H.; Streb, Jorge M.
High inflation economies often do not exhibit smooth inflationary processes, but rather stop-go cycles. This paper relates these stop-go episodes of inflation to a political cycle. The government can…