We identify differences in the formation of inflationary expectations, credibility, and prediction errors, depending on communication level information price setters. Estimating dynamic panel data models we relevance being informed about inflation target and, current rate. also find that tone monetary policy reinforces bias imposed instrument. Through interaction range, statements Central Bank, conclude partially agents form their expectations differently from non-informed ones, have lower...

This paper analyzes the impact of remittances on child human capital in Mexico. During 90’s and particular after “tequila crisis” Mexican workers increased that were sent to their homes from United States. I will analyze effect such increasing source income decisions. Contrary Hanson Woodruff (2003) results obtained Census data indicate a positive small schooling only for children living cities with fewer than 2,500 inhabitants mothers very low level education. However its magnitude is not...

We analyze the impact of conditional cash payments on school enrollment, child labor and supply implemented between 2005 2007 to poorest Uruguayan households.Targeting income discontinuities are not observed around thresholds participate in program this result invalidates use regression discontinuity designs for evaluating causal effects intervention.We apply propensity score matching estimator account endogeneity participation.We find that has no attendance but reduces female Montevideo.In...

Despite ongoing interest in deploying information and communication technologies (ICTs) for sustainable development, their use climate change adaptation remains understudied. Based on the integration of theory existing literature ICTs we present an analytical model conceptualizing contribution to adaptation, a framework evaluating ICT success. We apply four case studies early warning systems managing extreme events Latin American Caribbean countries. propose that can support through enabling...

This article examines the relationship between entrepreneurial activity and a set of economic variables including gross domestic product, growth, unemployment, informality, corruption perceptions, macroeconomic stability, labor regulations. We use panel data from nine Latin American countries covered by Global Entrepreneurship Monitor 2000 to 2010. focus on necessity-based entrepreneurship, as rates this type are relatively high in America. The results show that growth is positively related...

While the effect of borders on price convergence traded products is welldocumented, vast product variety discrepancies across regions remains unexplored. Borders hinder for goods between markets while locking local within markets. We develop a model to show that affect estimated border products. Local are imperfect substitutes but closer in distance. The will reflect this trade-off preferences and Next, we not controlling biased estimation effect. Finally, review different methods empirical analysis.

In this paper we use household survey data to study the evolution of income distribution in Mexico over last decade, a period rapid integration global and North American economies -- "globalization" for short. We measure differences inequality, time across Mexican states, relate them regional degree globalization, controlling potential endogenous relationship between two. percent state employment exporting firms or with foreign capital participation, as well on trade, proxies world economy....

Abstract The ‘border effects’ literature finds that political boundaries have a large impact on relative prices across locations. In this paper, we show the standard empirical specification suffers from selection bias and propose new methodology based binned‐quantile regressions. We use novel micro‐price dataset Uruguay focus city borders. find that, when is used, two supermarkets separated by 10 km different cities same price dispersion as 30 within city, implying crossing border equivalent...

We analyze the impact of conditional cash transfer programs on domestic violence. present evidence that welfare payments reduce gender income gap significantly decrease aggression against women. exploit an exogenous increase in women's given by a major reformulation program Uruguay to causes In line with models household bargaining, our findings suggest fostering women economic independence contribute

We study how local grocery markets within a city are affected by changes in housing markets. Our empirical strategy exploits shift the spatial distribution of construction activity induced large-scale, place-based tax exemption Montevideo. The introduction new stock policy causes reduction prices 2.3 percent and an increase locally available product varieties. Using insights from multiproduct model imperfect competition estimates for different types stores, we show these result incumbents’...

The "border effect" literature finds that political borders have a very large impact on relative prices, implicitly adding several thousands of miles to trade.In this paper we show the standard empirical specification suffers from selection bias, and propose new methodology based quantile regressions.Using novel data set Uruguay, apply our procedure measure segmentation introduced by city borders.City should matter little for trade.We find when is used, two supermarkets separated 10...

In this study we use data on subjective well being and migration of familymembers in Cuenca, one Ecuador's largest cities, to examine the impact migrationon happiness family left behind. While a cursory examination thedata suggests that heads households have experienced ofone or more members are less happy, careful analysis reveals otherwise.Households been impacted by express equal levels happinessas those not affected migration. One plausibleexplanation for our finding is remittances...

The objective of this paper is to explore the impact Uruguay's privatization and subsequent nationalization water services on network access quality. results suggest that although early had little sanitation network, led an increase in at bottom income distribution as well improvement

Abstract It is disputed whether trade liberalisation processes are sufficient for reducing poverty and inequality. We explore how 'gains from trade' have been distributed in the two minor partners of Mercosur, Uruguay Paraguay, by analysing impact on inequality through main transmission channels: prices income. In case Uruguay, favoured a reduction indicators but had an almost zero effect income markedly negative terms yet distribution improved. conclude that varies per country region....

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Some approaches to measuring the middle class are based on an arbitrary definition such as income quartiles or poverty line. Foster and Wolfson have recently developed a methodology without arbitrariness. We apply this tool complementary method–the relative distribution approach–to analyze evolution of polarization in Uruguay during 1994-2004 2004-2010 periods. During first period, characterized by increasing inequality, declines increases. In second which includes recovery from 2002...

Retail Price Setting in Uruguay Fernando Borraz (bio) and Leandro Zipitría In recent years there has been a large increase the empirical literature on price behavior. As new detailed data sets become available, we observe number of important studies microeconomic fundamentals setting by firms—mainly retailers—and their impact inflation. This analysis allows better understanding behavior, dispersion, volatility prices. this paper, use rich unique set 30 million daily prices grocery stores...

Abstract This paper analyzes the role of Uruguay's sharp minimum wage increases after 2004 amidst country's slight inequality decrease. We found that increase has contributed to reduction for formal workers mainly. However, we also a negative impact on employment outside capital city, Montevideo, and observed in working hours. These results raise doubts about effectiveness as redistribution instrument developing countries.