Now showing items 1-7 of 11

    • Markov-Switching Models with State-Dependent Time-Varying Transition Probabilities 

      Sola, Martin; Psaradakis, Zacharias (2017)
      This paper proposes a model which allows for discrete stochastic breaks in the timevarying transition probabilities of Markov-switching models with autoregressive dynamics. An extensive simulation study is undertaken to ...
    • Inequality and technological change 

      Macera, Manuel; Tsujiyama, Hitoshi (Quantitative Economics (e-ISSN: 1759-7331), 2024)
      We study howtechnological change affects between- and within-education-group inequality in the United States. We develop a model with heterogeneous workers and firms in which the demand for skills is characterized by ...
    • Prevalence of Daily Smoking and Initiation in Latin America 

      González-Rozada, Martín; Franco-Churruarin, Fiona (Health Policy Center, Institute for Health Research and Policy, University of Illinois Chicago, 2023)
      There is abundant evidence documenting the negative consequences of smoking. Over the last decades, public smoking bans, taxation, and public health tobacco control campaigns induced a decline in smoking prevalence ...
    • Default and interest rate shocks: Renegotiation matters 

      Nicolini, Juan Pablo; Almeida, Victor; Esquivel, Carlos; Kehoe, Timothy Jerome (Universidad Torcuato Di TellaRutgers University, Department of EconomicsUniversity of Minnesota, 2023)
      We develop a sovereign default model with endogenous re-entry to financial markets via debt renegotiation. We use this model to evaluate how shocks to risk-free interest rates trigger default episodes through two channels: ...
    • Estimating the Welfare Costs of Very High Inflations and Hyperinflations 

      Nicolini, Juan Pablo; Benati, Luca (Universität Bern, 2024)
      We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic’s hyperinflation and three high-inflation countries. Towards the peak of Weimar’s hyperinflation the costs are ...
    • Do trade agreements contribute to the decline in labor share? Evidence from Latin American countries 

      González-Rozada, Martín; Ruffo, Hernán (World Development (ISSN 1873-5991), 2024)
      In this paper, we explore the role of trade in the evolution of labor share in Latin American countries (LAC). We use trade agreements with large economies (US, EU, and China) to capture the effect of sharp changes in ...
    • El impacto de los programas de crédito para la reactivación del tejido productivo y el empleo tras la pandemia: el caso de Argentina 

      González-Rozada, Martín; Támola, Alejandro; Fernández Díez, María Carmen (Banco Interamericano de Desarrollo, 2023)
      This technical paper seeks to narrow the knowledge gap concerning the impacts of financing and provision of credit to accelerate recovery and adjustments in the wake of a crisis. Due to the lack of data in developing ...