Based on the significance of a Minimum Variance Portfolio (MVP) for the understanding of dollarization equilibria, a significant strand of the debate concerned with the driving forces behind this phenomenon has focused on ...

The reduction of macroeconomic vulnerability in emerging markets is at the core of the research agenda.Liability dollarization plays a vital role and its implications have been addressed in the literature via “financial ...

We propose a model that accounts for the potential feedback between schooling performance, human capital accumulation and long run GDP growth, and links these results with poverty incidence. Our simulation exercise takes ...

Se utilizó un modelo de equilibrio general computable para simular diversos escenarios de consecución, al 2015, de las principales metas del milenio para el Perú, en las áreas de pobreza, educación primaria, salud y acceso ...

Después de casi 20 años de políticas macroeconómicas prudentes, Perú parece en mejor forma que antes de soportar la efectos de una crisis financiera. El progreso, sin embargo, ha dejado algunos ámbitos políticos intactos ...

Financial dollarization creates design problems for economic policy as increases the level of financial vulnerability. However, countries with high levels of dollarization have done almost nothing to reduce it. In this ...

Identifica necesidades y oportunidades para expandir el acceso a la educación superior (mecanismo de movilidad social), en el Perú por medio de financiamiento de largo plazo, en especial en los sectores de menores recursos. ...

Esta investigación analiza la relación existente entre la cobertura del gasto social y la política fiscal durante las distintas fases del ciclo económico, y aporta evidencia respecto a los determinantes de la vulnerabilidad ...

Based on a simple open economy framework, this analysis rationalizes the existence of “fear of floating”-type responses and uncovers some important implications about to role of pass-through effects and contractionary ...

This paper analyzes the relationship between fiscal policy and social expenditure coverage during the different phases of the economic cycle, and sheds some light on the determinants of household vulnerability in Peru. ...