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Blog: Factores universales que explican la inflación en América Latina y el Caribe

João Ayres, Arturo Galindo, Santiago Novoa y Victoria Nuguer
January 30, 2023

Nuestro nuevo estudio, recién publicado, llega a una importante conclusión: la mayor parte de la inflación actual en la región no es causada por factores específicos de la región, sino por factores ampliamente compartidos a nivel mundial, como las interrupciones en la cadena de suministro tras la pandemia y el aumento de los precios de las materias primas provocado por la recuperación de las economías tras la crisis del COVID-19, y acelerado por la invasión rusa a Ucrania. En otras palabras, la mayor parte de la inflación es importada, no se debe a la idiosincrasia regional sino a factores externos.


Blog: How Latin American can navigate global risks and emerge stronger

Marisol Argueta de Barillas
January 26, 2023

The World Economic Forum’s Annual Meeting 2023, under the title “Cooperation in a Fragmented World,” takes place during a complex geopolitical and economic period. It is marked by the continued war in Ukraine, geopolitical tensions, high inflation, fear of economic recession in the world’s largest economies and an escalation of social protests worldwide. Climate change will also feature high on the agenda amid deadly storms and floods in California and one of the worst energy crises in Europe’s history.


Book of the week: Gender and the Dismal Science: Women in the early years of the economic profession

Ann Mari May
January 26, 2023

DISCRIMINATION and the associated biases and barriers to career advancement are unwelcome realities for many working women, and the economics profession is no exception. Almost half of the female respondents in a 2019 American Economic Association (AEA) survey said that they had been discriminated against based on their sex, compared with just 3 percent of male respondents, and male students in US economics PhD programs outnumber female students 2 to 1. These statistics paint a dismal picture for “dismal scientists.” Ann Mari May’s compelling and well-researched book, Gender and the Dismal Science, offers a rich historical narrative on the long-standing sources of such gender gaps.


Blog: La costo-efectividad de las intervenciones tempranas

Horacio Álvarez Marinelli, Samuel Berlinski, Matías Busso y Julian Martinez-Correa
January 25, 2023

Hay pocas cosas más importantes para los niños que la alfabetización: aquellas habilidades de lecto-escritura que les permiten aprender otras asignaturas, participar políticamente, proteger su salud e incorporarse al mercado laboral con perspectivas prometedoras. No obstante, cerca del 20% de la población adulta mundial es analfabeta, y en América Latina y el Caribe dos tercios de los niños no alcanzan los niveles mínimos de alfabetización esperados para su edad.


Working papers: Latest Research

New entries as of January 24, 2023


Blog: How Latin American and Caribbean countries can mitigate slow growth in 2023

José Manuel Salazar-Xirinachs
January 23, 2023

2023 is going to be a very challenging year for countries in Latin America and the Caribbean: it will mark the end of a decade in which the region’s annual growth rate has averaged only 0.9%, an even worse performance than during the “lost decade” of the 1980s. This is not just one bad business cycle; it is a structural trap of low growth, high inequality, weak institutions and poor governance.


Blog: ¿Se están usando los Tratados de Libre Comercio? Retos en el aprovechamiento del comercio preferencial

Cindy Paola Leal y Camilo Acosta Mejía
January 20, 2023

En las últimas dos décadas, la literatura ha mostrado diferentes impactos que tienen los tratados de libre comercio (TLC) sobre el funcionamiento de las empresas. Estas investigaciones han evidenciado que la reducción de tasas arancelarias asociadas a la entrada en vigor de acuerdos comerciales conduce a un incremento en el volumen exportado e induce la entrada de nuevos productos a distintos mercados (Kuno et al.,2016; Baier et al.,2018), y lleva a unos períodos de exportación más prolongados (Besedes et al., 2016; Nguyen y Duong, 2019).


Book of the week: How the World Became Rich. The Historical Origins of Economic Growth

Mark Koyama and Jared Rubin
January 19, 2023

Mark Koyama and Jared Rubin dive into the many theories of why modern economic growth happened when and where it did. They discuss recently advanced theories rooted in geography, politics, culture, demography, and colonialism. Pieces of each of these theories help explain key events on the path to modern riches. Why did the Industrial Revolution begin in 18th-century Britain? Why did some European countries, the US, and Japan catch up in the 19th century? Why did it take until the late 20th and 21st centuries for other countries? Why have some still not caught up?

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