Using a panel dataset from 1980 to 2000 this paper analyzes the determinants of income inequality in Latin American countries with special attention paid to education, health, and social security expenditures. I build on ...

In this chapter we combine portfolio decisions of individuals and invoicing decisions of firms into a general equilibrium cash-in-advance monetary model to explain the pattern of dollarization across types of goods. This ...

Lucas (2009) has proposed a two-sector model to account for patterns in growth data. However, Lucas’s analysis does not involve any inter-temporal decision by the consumers. The behavior of the variables is determined a ...

This paper analyses the determinants of credit demand in the presence of borrowing constraints for Uruguayan economy. I model the determinants of debt level for Uruguayan households taking into account selection bias and ...

This paper analyses the determinants of credit demand in the presence of borrowing constraints for Uruguayan economy. I model the determinants of debt level for Uruguayan households taking into account selection bias and ...

This paper explores the evolution of the cross-section income distribution in economies where endogenous neighborhood formation interacts with positive within-neighborhood feedback effects. We study an economy in which the ...

In this chapter we combine portfolio decisions of individuals and invoicing decisions of firms into a general equilibrium cash-in-advance monetary model to explain the pattern of dollarization across types of goods. This ...

In this chapter we combine portfolio decisions of individuals and invoicing decisions of firms into a general equilibrium cash-in-advance monetary model to explain the pattern of dollarization across types of goods. This ...

This paper presents a fertility choice model in which the mortality rate is also endogenously determined and health expenditure provides utility to individuals as well as affects the mortality rate. The analysis shows ...