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Blog: Latin America: The Day After. Is This Time Different?

Guillermo Perry and Alejandro Forero Rojas
January 30, 2015

Latin America had a golden decade from 2002 to 2012, mostly thanks to favorable external conditions. Its commodity exports prices raised almost continuously, there were abundant capital inflows and low international interest rates. This golden decade has come to an end, even while no sudden worsening of external conditions is expected. 

Book of the week: Hall of Mirrors: The Great Depression, The Great Recession, and the Uses-and Misuses-of History, by Barry Eichengreen

Review by Ugo Panizza, The Graduate Institute, Geneva
January 29, 2015

Until recently there was Keynes and other four must-read books for students of international macroeconomics. Barry Eichengreen had written two of them (Globalizing Capital and Golden Fetters; the other two are Kindleberger’s Manias, Panics and Crashes and Ahamed’s Lords of Finance). There are now five must-reads, and guess who wrote the fifth? Eichengreen’s Hall of Mirrors recounts the parallel histories of the great depression that started in 1929 and the great recession injected by the collapse of Lehman Brothers in 2008.

Blog: The Great Suppression: What should LAC Expect in the New Year?

Andrew Powell (Principal Advisor in the IDB Research Department)
January 28, 2015

The performance of the world economy has been disappointing to say the least. After the Great Moderation came the Great Recession, but since 2009 the world has been suffering from a Great Suppression (GS). In Japan, growth is being suppressed by a liquidity trap with interest rates firmly at the zero bound. In the Eurozone, high debts and private sector deleveraging are suppressing growth. As the European Central Bank (ECB) continues to ponder the efficacy of unorthodox monetary expansion, inflation remains low and even negative in some parts of the common currency area. The US is recovering but not enough to pull the world out of the GS. Average growth for the last 5 years in Advanced Economies is around 1.8%, a full 1% lower than the 5 years leading up to the global economic crisis.

Working papers highlights: Latest Research

New entries on 27 January 2015

Blog: Making Recommendations for Program Evaluation Based on Evaluability Assessment Results: A Brazilian Case

Robert Walker, Ed.D.
January 26, 2015

In Brazil, the National Program of Informatics in Education (ProInfo) was created to improve the quality of public schooling through the utilization of information and communication technology for education (ICT4E), with the goal of democratizing access to ICT. In December 2009, the UNESCO office in Brasilia contracted four consultants to do an evaluability assessment of the ProInfo and other ICT4E programs. I produced five products over an eight month period, and the other team members produced several preliminary products as well. The primary purpose of the evaluability assessment was to make recommendations for further program evaluation.

Opportunities: Call for papers

New entries on January 23, 2015
  • First World Congress of Comparative Economics, of the Department of Economics, Roma Tre University.Deadline for submissions February 15, 2015.
  • 2015 Econometrics Spring School, of the Timberlake Consultants, Rio de Janeiro, Brazil. Deadline for submissions March 23, 2015.
  • Premio Banca Central Rodrigo Gómez, Centro de Estudios Monetarios Latinoamericanos - CEMLA. Deadline for submissions March 31, 2015.

Blog: Emerging Markets Slowdown: Global and Domestic Economic Policy Challenges

Liliana Rojas-Suarez and Brian Javier Cevallos Fujiy
January 22, 2015

Toward the end of the 2008 global economic crisis, the consensus was that developed economies would recover just as quickly as they did in past recessions. It was also expected that emerging market economies would continue acting as the world growth locomotive for a relatively long time. Until mid-2011, this perspective appeared to be in the process of materializing. By now, however, this scenario differs significantly from reality.

Teaching Resources: Online courses

New entries on 21 January 2015

  • Analysis of Algorithms - Princeton University
  • Introduction to Finance - University of Michigan
  • Reproducible Research - Johns Hopkins University
  • Model Thinking - University of Michigan
  • Regression Models - Johns Hopkins University
  • Statistical Inference - Johns Hopkins University
  • Introduction to Mathematical Thinking - Stanford University

Blog: Aprovechar el enorme potencial de América Latina

Christine Lagarde (FMI)
January 20, 2015

En las últimas dos décadas, la mayoría de los países de América Latina han logrado grandes avances. Alcanzaron un crecimiento vigoroso, respaldado por políticas sólidas y una gestión económica eficaz. Piensen en la evolución de las economías de los países de América Latina durante la “prueba de tensión” tras el estallido de la crisis financiera mundial de 2009: muchas pudieron recuperarse rápidamente sin sufrir sus propias crisis, y formularon respuestas de política económica que ayudaron a amortiguar el golpe que afectó al crecimiento y el empleo.

Working papers highlights: Latest Research

New entries on 19 January 2015

Blog: ¿Qué hacen los jóvenes? 

Andrés Neumeyer and Julián Kozlowski
January 16, 2015

El problema de los ni-ni, jóvenes que ni estudia ni trabaja, ha recibido atención en la prensa y en una entrada reciente Andrea Repetto en este blog caractriza este problema en Chile. En esta entrada analizamos a qué se dedican los jóvenes entre 15 y 24 años en Argentina y examinamos cómo la situación ocupacional de los mismos varía de acuerdo a las condiciones socioeconómicas y el entorno familiar.

Opportunities: Call for papers

New entries on 15 January 2015

  • Second Annual Conference Sobre México, of the Department of Economics at Universidad Iberoamericana Ciudad de México.Deadline for submissions March 16, 2015.
  • VI Annual Conference of the Trade, Integration, and Growth Network (TIGN), Los Angeles, USA, May 15-16, 2015. Deadline for submissions February 28, 2015.
  • Growth and Economic Opportunities for Women (GrOW) Call for proposals: Effects of patterns of growth on women’s economic empowerment. Deadline February 23, 2015.

Blog: Bonanza económica, pobreza, desigualdad e incentivos para la educación 

Luis Carlos Jemio (Investigador Senior del INESAD, Ph.D. en economía)
January 13, 2015

Bolivia ha disfrutado en los últimos años de una bonanza económica extraordinario, originada fundamentalmente por los altos precios de las materias primas que exporta el país en los mercados mundiales. Esta bonanza ha tenido efectos macroeconómicos positivos importantes sobre el crecimiento del producto, nivel de ingreso per cápita, finanzas públicas, incidencia de la pobreza y desigualdad. Según el Banco Mundial, la incidencia de la pobreza moderada se redujo de 47,8% en 2007 a 29,5% en 2012, mientras que la incidencia de la pobreza extrema cayó de 30,8% en 2007 a 17,0% en 2012. Según la misma fuente por otra parte, el coeficiente de Gini en Bolivia se redujo de 0,554 en 2007 a 0,466 en 2012. Los efectos de la bonanza sobre la pobreza y la desigualdad podrían estar generado desincentivos sobre la educación que son necesario considerar.

Working papers highlights: Latest Research

New entries on 12 January 2015

Blog: The most read blog articles of the 2014

December 30, 2014

The Blog section at Vox.LACEA seeks to post articles to disseminate knowledge about relevant topics on economic and social development in Latin America and the Caribbean. In this article are presented ten most read blogs as of the 2014 year.

Working papers highlights: Latest Research

New entries on 29 December 2014

Blog: Mexican drug violence endangers development by increasing poverty and disrupting economic activity 

Roxana Gutiérrez-Romero (Universidad Autónoma de Barcelona)
December 23, 2014

Since the beginning of the new millennium, Mexican drug cartels turned against each other, killing more than 6,680 people between 2001 and 2005 (Ríos and Shrik, 2011). Concerned about this violence, Felipe Calderón, the then recently elected President, declared war against cartels in December 2006. He actively prosecuted cartels with military force, intensifying and spreading the killings to areas that had not experienced this violence before. The so called, “war on drugs”, claimed the life of another 63,000 people just between 2006 and 2012 (Molzahn et al., 2013). As the killings increased, civilians and local businesses also became subjected to extortions and other thefts. But how extensive have the externalities of the drug violence been? How about areas where cartels are still operating “peacefully” without killing each other, do these cartels foster the local economy?

Working papers highlights: Latest Research

New entries on 22 December 2014

Opportunities: Call for papers

New entries on 19 December 2014

  • LACEA´S Labor Network 3rd annual meeting in Cartagena, Colombia May 2015. Deadline January 31, 2015.
  • VI Annual Conference of the Trade, Integration, and Growth Network (TIGN), Los Angeles, USA, May 15-16, 2015. Deadline for submissions February 28, 2015.
  • RED 2016. CAF Research Program on Skills for Life and Work. Deadline for submissions January 30, 2015.
  • XVIII Applied Economics Meeting, Universidad de Alicante (Spain), June 4-5, 2015. Sudmissions' deadline March 2, 2015.

Blog: Social Protection Systems in Latin America and the Caribbean: Ecuador 

Mariana Naranjo Bonilla (Pontificia Universidad Católica del Ecuador)
December 18, 2014

Over the past three decades, the Ecuadorian social protection system has been characterised by universal interventions in the education and health care sectors, along with the implementation of specific social welfare programmes targeted at the poorest populations, such as the Bono de Desarrollo Humano(Human Development Bonus—BDH) and a welfare pension for persons with disabilities. Although Ecuador has managed to expand its social infrastructure and the population’s health and education have improved, the redistributional effects of social policies have been limited, especially among rural and marginalised urban populations in the major cities of the country.

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Find the latest research papers presented in the most recent conferences and workshops of the 2014 LACEA networks.

4th meeting - Sao Paulo School of Economics, April 24-25, 2014.
Find papers here

Spring 2014, Volume 14, Number 2
Find articles here

7th Annual Meeting - Lima, October 25th and 26th, 2013.

Find papers here

2nd Meeting - 
Cartagena, May 22nd – 23rd, 2014
Find papers here

2013 México and 2014 Chile
Find papers here

14th Meeting - Bogota, May 29-30, 2014 
Find papers here

5th meeting - Universidad de Chile, May 24 and 25, 2014
Find papers here


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