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Upcoming deadlines: Call for papers

  • Workshop on Trade and Firm Dynamics, Research Institute for Development, Growth and Economics (RIDGE). Submission Deadline: October 1, 2016
  • Workshop on Growth and Development in Macroeconomics, Research Institute for Development, Growth and Economics (RIDGE). Submission Deadline: October 1, 2016
  • Workshop on Environmental Economics, Research Institute for Development, Growth and Economics (RIDGE). Submission Deadline: October 1, 2016
  • RIDGE Summer School in Economics: Financial Stability and International Macro. Submission Deadline: October 1, 2016
  • RIDGE Summer School in Economics: Trade and Firm Dynamics and Growth and Development in Macroeconomics. Submission Deadline: October 1, 2016

​Blog: Mayor flexibilidad de la política monetaria por medio de la “desdolarización”

Greetje Everaert y Marcello Estevão
September 28, 2016

En algunas economías de mercados emergentes, el endeudamiento y el ahorro en moneda extranjera —la denominada “dolarización”— son al parecer una reacción plausible frente a la crisis financiera y la inflación galopante. Pero la dolarización tiende a persistir muchos años después de haberse aliviado los problemas que le dieron origen, y limita la influencia del banco central en la actividad económica y la inflación. Por consiguiente, muchos países han tratado de reducir gradualmente el uso del dólar en la economía (gráfico 1). Una política de libre fluctuación del tipo de cambio de acuerdo con las condiciones del mercado facilitaría la desdolarización, ya que así ahorrar en dólares, en lugar de moneda nacional, se hace tan riesgoso como endeudarse en dólares.


Working papers: Latest Research

New entries on 27 September 2016


Blog: Reverting to Informality: The Success of Titling Programs at Risk

Italo Gutierrez (RAND) and Oswaldo Molina (Universidad del Pacífico)
September 26, 2016

Governments and multilateral agencies have devoted significant resources to titling programs around the world. Rigorous empirical evidence on the positive impacts of tenure security supports these efforts (Di Tella et. al., 2007; Field, 2003, 2005, 2007; Galiani and Schargrodsky, 2004, 2010). However, most of these programs have focused on granting titles and have not put in place mechanisms to ensure that properties remain formal after future transactions (e.g., sales and inheritances). Currently, there is increasing evidence that titled properties are becoming de-regularized due to unregistered transactions, which may reduce households´ ability to benefit from tenure security in the future.


Blog: Promoviendo mayor igualdad y más crecimiento en Guatemala

Mario Garza
September 23, 2016

La duradera estabilidad macroeconómica y financiera de Guatemala se ha convertido en un estándar para Centroamérica. El país ha iniciado un esfuerzo excepcional por atacar la corrupción y afianzar el Estado de derecho. Gracias a sus sólidos fundamentos, la economía resistió bien la crisis política de 2015, derivada de la persecución de múltiples casos de corrupción. Además, las perspectivas económicas son favorables, gracias a la solidez de la economía estadounidense y al bajo nivel de los precios de las materias primas. Se prevé que en los próximos seis años la economía guatemalteca crezca a su potencial, cerca del 4% por año. La inflación seguirá baja—dentro de la meta del banco central de 4±1%—, anclada por una política monetaria prudente. El país cuenta con elevadas reservas externas para protegerse contra choques externos. La deuda pública se mantendrá en 24% del PIB —el nivel más bajo de Centroamérica—, reflejando la tradicional disciplina fiscal en Guatemala.


Latest entries: Research Reviews


Blog: Labor Informality and the Pension Disaster

Santiago Levy
September 21, 2016

For two decades beginning in the 1990s, Latin American and Caribbean nations became embroiled in a debate over which type of pension system would best provide for retired seniors. Populations were expected to rapidly age. Budgets were tight, and private and national savings rates, low. A way had to be found to guarantee retirements while increasing savings and leaving room for other government expenditures.


Working papers: Latest Research

New entries on 20 September 2016


Blog: Youth unemployment is a huge problem for Latin America. Here’s how to solve it

David Herranz (Regional Head, Adecco Group Latin America)
September 19, 2016

Youth unemployment is one of the biggest challenges facing our global economy: today 73 million young people between the ages of 16 and 24 are unemployed, a 6% increase since 2007. This issue is especially relevant in Latin America. Unemployed youngsters represent more than 40% of the total number of unemployed in many countries (a higher rate than in European countries) and the 14% youth unemployment rate is more than double the LATAM average rate of 6%. However, another fact leads to an even bigger risk: when young people do find a job, 6 out of 10 jobs are ‘informal’, with no contract, benefits or social security rights. The International Labour Organization states that only 37% of Latin American youngsters are contributing to social security schemes and only 29% are contributing to the pension system.

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