May 2020
Author(s): Cornick, Jorge
This paper provides a general characterization of overall power regulation and a detailed characterization of the ongoing evolution of distributed rooftop photovoltaic (PV) regulation in Costa Rica.…
May 2020
Author(s): Castro Abril, Miguel
This paper estimates the impact of solar and wind power intermittency on wholesale prices, arbitrage opportunities and the profitability of storage. First, I use the short term randomness of wind and…
Apr 2020
Author(s): Avellán, Leopoldo; Galindo, Arturo; Leon-Diaz, John
This paper provides evidence on the effect of fiscal stimulus on economic activity for countries with different degrees of institutional quality. For a panel of 113 countries during the period 1988-…
Apr 2020
Author(s): Domínguez, Patricio
This paper models crime rates as a function of the interaction between potential offenders and victims. In particular, the paper studies robbery of bus drivers, a crime that remains common in cities…
Apr 2020
Author(s): Arias Ortiz, Elena; Kaltenberg, Mary; Jara-Figueroa, Cristian; Bornacelly, Iván; Hartmann, Dominik
We analyze mismatches between local labor markets and higher education enrollments in 22 educational fields across 137 mesoregions in Brazil between 2009 and 2016 using a two-stage regression model.…
Apr 2020
Author(s): Ayres, João; Raveendranathan, Gajendran
We analyze a general equilibrium model of firm dynamics to study the effects of shocks to productivity, labor wedge, and collateral constraint (credit shock) on firm exit. We find that only the…
Apr 2020
Author(s): Bustelo, Monserrat; Díaz Escobar, Ana María; Lafortune, Jeanne; Piras, Claudia; Salas Bahamón, Luz Magdalena; Tessada, José
We conducted a discrete choice experiment to elicit revealed preferences of low-income women for job flexibility. We did so without deception reversing the methodology proposed by Kessler et al. (…
Mar 2020
Author(s): Gómez-Lobo, Andrés; Price, Juan José
El argumento de la enfermedad de costos de Baumol señala que la producción de determinados servicios está, por razones estructurales, caracterizada por un estancamiento de la productividad. Sin…
Mar 2020
Author(s): Mascle-Allemand, Anne-Laure; Hinojosa, Sergio Alejandro; Gómez Reino, Juan Luis
¿Cómo se puede financiar la conservación y mantenimiento de los activos patrimoniales y culturales de América Latina? Una opción poco explorada es apalancar el valor que tienen los activos para los…
Feb 2020
Author(s): Ardanaz, Martín; Cavallo, Eduardo A.; Izquierdo, Alejandro; Puig, Jorge
We show that some types of fiscal rules can mitigate the well-known procyclical bias in public capital expenditures. Past research has found that fiscal adjustment episodes coincide with large public…
Feb 2020
Author(s): McRae, Shaun D.; Wolak, Frank A.
Electricity tariff reforms will be an essential part of the clean energy transition. Existing tariffs rely on average cost pricing and often set a price per unit that exceeds marginal cost. The…
Jan 2020
Author(s): Avellán, Leopoldo; Galindo, Arturo; Lotti, Giulia
This paper investigates the co-movement of sovereign lending from multilateral development banks (MDBs) and private creditors with government expenditure. The paper finds that multilateral sovereign…
Jan 2020
Author(s): Carballo, Jerónimo; Marra de Artiñano, Ignacio; Volpe Martincus, Christian
Multinational production has become increasingly important in recent decades. Countries resort to different industrial policies to influence the geography of this production. In this paper, we focus…
Jan 2020
Author(s): Bobba, Matteo; Frisancho, Verónica
A growing body of evidence suggests that people exhibit large biases when processing information about themselves, but less is known about the underlying inference process. This paper studies belief…
Jan 2020
Author(s): Celhay, Pablo; Gallegos, Sebastián
This paper examines the effects of skill advantages at age six on different types of parental investments, and long-run outcomes up to age 27. We exploit exogenous variation in skills due to school…
Jan 2020
Author(s): Molina, Danielken
In this paper, I use Colombian data from 1996-2013 to construct two datasets that are used to assess whether the China Shock has affected the future growth rates of productivity, employment level,…
Jan 2020
Author(s): Blyde, Juan S.; Busso, Matías; Romero, Dario
We analyze how local labor markets in Mexico adjusted in response to an increase in Chinese import competition between 1998 and 2013. We exploit the spatial variation in import exposure arising from…
Jan 2020
Author(s): Castro Abril, Miguel
The new surge in electric vehicle (EV) charging in Texas can be served efficiently during the early morning hours with large wind generation, low electricity demand, low prices, and low environmental…
Jan 2020
Author(s): Khadan, Jeetendra; Strobl, Eric; Tuffour, Theophiline
This paper examines the allocation of resources of poverty rates within households in Suriname. To this end we employ a bargaining model estimation framework that allows one to identify the…
Jan 2020
Author(s): Merchán, Federico; Mesquita Moreira, Mauricio
As Latin America and the Caribbeans “Great Liberalization” reaches its 30th anniversary, we revisit the trade and growth debate by updating and expanding Estevadeordal and Taylors 2013 paper. To…