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Revista de Análisis Económico (1997)

Revista de Análisis Económico (1997)

 

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  • Budnevich, Carlos; Jara, Alejandro (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1997)
    The purpose of the paper is to analyze firms decisions about using profits as a financing source. In particular, we are interested in the consequence of changes of tax incentives on that behavior, Following a revision of ...
  • Camarero, Mariam; Esteve, Vicente; Tamarit, Cecilio (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1997)
    This paper examines whether there is convergence between the interest rates of the Spanish and German economies or at least with a weighted average of the European Union (EU). For this purpose a time series approach is ...
  • Medrano, Leonardo (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1997)
    This paper studies the setting of trade policy in a custom union. The tools of this policy include tariff and content requirements. Under this framework, the job market is introduced and the employment has a share in the ...
  • Parisi, Franco; Parisi, Antonio (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1997)
  • Schmidt-Hebbel, Klaus (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1997)
    In 1994 Colombia started replacing its state-run and pay-as-you-go (PAYG) pension system by a privately-run and fully-funded scheme. Numerical simulations for the government's reform transition reveal implicit PAYG debt ...
  • Raineri, Ricardo (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1997)
    In the present decade the Chilean economy has witnessed a vigorous development in the natural gas industry, with cruel battles among competing corporations that look for the success of their gas pipeline projects. This ...
  • Mitchell, Olivia S.; Ataliba Barreto, Flavio (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1997)
    The apparent success of Chile's pension reform catalyzed a number of subsequent reforms in sister Latin American nations, and the "Chilean model" has now captivated the attention of polin'makers and researchers in the GECD ...
  • Elbadawi, Ibrahim; Soto, Raimundo (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1997)
    This paper examines. in the context of an empirical model. the impact of capital flows. among other fundamentals, on long-term real exchange rates in Chile. The real exchange rate and its fundamentals, which can be ...
  • Hussey, Robert; Quiroz, Jorge (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1997)
    Large financial losses associated with transactions in futures markets has become a common story in the news media. This paper studies the economic dynamics associated with the optimal use of these markets, using the case ...
  • Claessens, Stijn (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1997)
    This paper presents estimates of capital flight using eight alternative methodologies, with a focus on Latinoamerica. While these methodologies differ in approach, I show that the identities used in balance-of-payments ...
  • Johnson, Christian (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1997)
    The traditional cash in advance macroeconomic models are characterized by a constant velocity of money, Based on the Lucas and Stokey (1987) model, this paper studies the behavior of velocity and money demand for the U.S., ...