"There are at least two ways of fixing high voltage transmission tolls. One is to regulate them in standard fashion; another is to allocate new transmission lines in competitive auctions to the bidder offering the lowest toll. In this paper we show that expected tolls are considerably lower if li...
Galetovic, Alexander
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Inostroza, Juan Ricardo
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[Tarificación de la Transmisión Eléctrica: Por Qué Licitar Es (Mucho) Mejor que Regular]
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Tarificación de la Transmisión Eléctrica: Por Qué Licitar Es (Mucho) Mejor que Regular
This article uses conventional models to evaluate whether the term structure of interest rates can predict economic activity in Mexico. A positive relationship between interest rate differentials and economic activity is detected, even after controlling for the monetary policy stance through shor...
Castellanos, Sara G.
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Camero, Eduardo
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[La Estructura Temporal de Tasas de Interés en México: ¿Puede ésta Predecir la Actividad Económica Futura?]
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La Estructura Temporal de Tasas de Interés en México: ¿Puede ésta Predecir la Actividad Económica Futura?
This paper develops an adjustment and projection method for input-output tables based on mathematical programming techniques. One of its main advantages is the flexibility and ability to include information relative to the elements of the table. The information considered in the adjustment techni...
Tarancón Morán, Miguel Angel
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[Ajuste y Proyección de las Tablas Input-Output en Condiciones de Coherencia Estructural Mediante Optimización Matemática]
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Ajuste y Proyección de las Tablas Input-Output en Condiciones de Coherencia Estructural Mediante Optimización Matemática
In this paper we use a endogenous growth model with productive public\par capital to investigate the degree to which observed Spanish fiscal poli-cies can account for slowdown in the growth rates of labor productivity since 1970. The model implies a long-run relationship exists between the labor ...
Esteve, Vicente
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[Política Fiscal y Productividad del Trabajo en la Economía Española: Un Análisis de Series Temporales]
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Política Fiscal y Productividad del Trabajo en la Economía Española: Un Análisis de Series Temporales
The recent empirical evidence shows that plant level dynamics are relevant to explain economic growth. The reallocation of resources across incumbent plants, and the process of entry and exit of plants account for a quantitatively relevant fraction of changes in total factor pro-ductivity; aggreg...
Colombia has been on a steady disinflation path since the early 1990s. In this paper, we model the transmission mechanism of monetary policy during this disinflation. We describe how inflation evolves in response to important shocks that occurred during disinflation such as the terms of trade and...
Gómez, Javier
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Julio, Juan Manuel
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[Transmission Mechanisms and Inflation Targeting: The Case of Colombia's Disinflation]
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Transmission Mechanisms and Inflation Targeting: The Case of Colombia's Disinflation
This paper uses a VAR model to quantify the relative importance of external debt, exchange rates, monetary policy and other selected variables when explaining output fluctuations in Brazil. Using the money market rate as a policy instrument, impulse response functions indicate that shocks to the ...
Hsing, Yu
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[Impact of External Debt and Other Macroeconomic Policies on Output in Brazil: A VAR Approach]
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Impact of External Debt and Other Macroeconomic Policies on Output in Brazil: A VAR Approach
González, Pablo
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Tejada, Mauricio
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[No Linealidades en la Regla de Política Monetaria del Banco Central de Chile: Una Evidencia Empírica]
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No Linealidades en la Regla de Política Monetaria del Banco Central de Chile: Una Evidencia Empírica
Mancero, Xavier
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Saavedra, Eduardo
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[Un Modelo de Entrada y Competencia en Telecomunicaciones]
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Un Modelo de Entrada y Competencia en Telecomunicaciones
Medina, Juan Pablo
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[Default Rate and Price of Capital in a Costly External Finance Model]
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Default Rate and Price of Capital in a Costly External Finance Model