Latest activity

Blog: Carreteras o escuelas: Una decisión fundamental

Manoj Atolia, Bin Grace Li, Ricardo Marto y Giovanni Melina
January 19, 2018

¿Carreteras o escuelas? Es una pregunta similar a la elección entre “armas o manteca” a que los gobiernos del mundo se enfrentaron en el siglo XX: cómo emplear los recursos finitos de una nación para producir el máximo beneficio para su pueblo. En nuestro reciente documento de trabajo del FMI, concluimos que los líderes de las economías en desarrollo tienden a gastar menos en escuelas que en carreteras como proporción del PIB (aunque la inversión en educación puede ser una necesidad más acuciante en sus sociedades).


Opportunity: Call for papers

CAF invites to present research proposals on corruption and instruments for its prevention. Some specific topics of interest can be found in the link below, but any question of relevance for the subject will be considered. Works presenting evidence for Latin America will be specially valued. Up to three winning projects will be awarded USD 15,000. Proposals must include two files: i) a document of maximum 4 pages (2000 words) presenting the research question and describing the methodology and data (if it is an empirical work) to employ; ii) the list of members of the research team, with their current affiliation and contact details, plus anupdated CV of the corresponding author. These documents can be presented in English or Spanish. Clarity in the description of the project and the identification strategy (in the case of empirical works) will be highly valued.
More information here (en español aquí)


Blog: For Latin American Learning, Money Isn’t the Problem

Julián Messina
January 17, 2018

Does greater spending on education boost learning? Educators and policymakers worldwide have debated that question for years. When it comes to Latin America and the Caribbean, however, one thing seems clear: Money may help; it may even be crucial, but it is never enough. Latin American and Caribbean governments have made immense efforts to increase spending, dedicating on average 3 percentage points more of their GDP to education than they did 25 years ago. Indeed, at well over 5% of GDP, governments in the region spend roughly as much as the United States and the other countries of the OECD and considerably more than countries with similar levels of economic development.


Working papers: Latest Research

New entries as of January 16, 2018


Blog: ¿Y si existiera una herramienta que permitiera realizar una inversión más sólida en el desarrollo infantil temprano?

Emily Gustafsson-Wright e Izzy Boggild-Jones
January 15, 2018

Invertir en el desarrollo infantil temprano (DIT) es indispensable. Lo que sabemos acerca del desarrollo del cerebro durante los primeros 1.000 días de vida deja en evidencia que existe una necesidad urgente de garantizar servicios de desarrollo infantil de calidad al alcance de todos los niños y niñas. No se trata solo de invertir en los primeros años con el fin de proporcionar equidad y una mejor infancia, sino también de un imperativo económico. Si los gobiernos invirtieran temprano en servicios de desarrollo infantil de buena calidad, la economía también se vería favorecida, con beneficios que abarcan desde una reducción de gastos en servicios sociales hasta una mayor productividad económica en la población. A pesar de que hay un amplio consenso respecto de la importancia de invertir en los primeros años de vida, uno de los principales obstáculos que dificultan avanzar en esta área es la falta de información sobre el costo real de estos servicios de calidad.


Blog: América Latina y el Caribe: Continúa la recuperación gradual pero el crecimiento de largo plazo es débil

IMFBlog
January 12, 2018

Tras registrar un crecimiento decepcionante en los últimos años, la actividad económica en América Latina sigue apuntando hacia una recuperación gradual en 2017–18, conforme la economía mundial cobra fuerza y las recesiones en unos cuantos países —en particular Argentina y Brasil— llegan a su fin.


Blog: Women's unequal role in the leadership of financial institutions

Ignacio E. Carballo (Universidad Autónoma de Madrid, UCA y Centro de Estudios de la Estructura Económica (CENES) de FCE-UBA / CONICET)
January 10, 2018

Within the framework of the G20 in 2018, the Women20 (W20) presented its work agenda in Buenos Aires. The group created three years ago aims to promote gender justice in the commitments assumed by the forum and presents among its specific dimensions the labour and financial inclusion of women. As the McKinsey Global Institute report notes, in addition to empowering excluded women, in a gap-free world global GDP could increase by 26%, $28 trillion dollars, by 2025. Even in a second scenario without perfect equity but where all countries equal the best in their region, could be added for the same year $11 trillion (11%) to the Global GDP.


Working papers: Latest Research

New entries as of January 9, 2018


Blog: The important influence factor of currency —“intermediate products”

Xu Cao
January 8, 2018

Monetary demand indicators are mainly affected by the following factors: the final product GDP and interest rates, price changes and the structure of financial assets, firm and individual industrial structure, financial market transactions. However, the current study finds that there is still a large proportion of "excess" or "disappearance" of the currency has not been explained. Precipitated currencies with poor liquidity will have adversely affected the monetary policy of various countries in the world.


Blog: Top 10 most read Blog posts of the 2017

Vox.LACEA
January 5, 2018

LACEA welcomes the new 2018 year with great expectations. Meanwhile, we present you our top 10 most read Blog posts of the 2017 in the following bog post. Vox.LACEA's editors thank all the authors for their kind contributions, and look forward to new colaborations in 2018.


Research Review: Distorted signals in education

José Ignacio Cuesta (University of Chicago), Felipe González (PUC-Chile) and Cristián Larroulet (UC Boulder)
January 4, 2018

Even though information plays a central role in markets with consumer choice, we know relatively little about how individual behavior can distort information and affect markets. In the context of education, a critical piece of information is school quality, which is often measured via standardized tests. However, critics of these tests points towards Holmstrom and Milgrom (1991) classic work, and argue that high-stakes testing might generate undesirable behavioral responses that introduce distortions in the metric itself. Despite increasing evidence of undesirable behavioral responses, quantification of these potential distortions and their market-level effects is surprisingly scarce.

Share this