This paper shows empirical evidence of the effect of macroeconomic announcements (inflation and GDP) on returns, volatility and trading activity for the stock markets of Argentina, Brazil, Chile, Colombia, Mexico and Peru, ...

We use a Dynamic Stochastic General Equilibrium (DSGE) model to evaluate the effect of supply (productivity) and demand (foreign trade) shocks on the economy. In addition, this paper analyzes the impact of policies, ...

Students’ test scores at ages 9 to 15 are a measure of their skills as workers five to 55 years later. Using historic data on test scores and school attendance, I calculate the share of workers in 2005 that could have ...

Penn World Table (PWT) 7.0 is the newest PWT data set, based in part on benchmarked prices collected in 2005. In theory the data in PWT 7.0 should be more accurate than the data in PWT 6.3 since 1996 and similar in earlier ...

This paper analyzes how announcel changes in the corporate control (takeover) of Endesa, Hidrocantábrico and Scottish Power affect their stock market returns and the impact that these events have on the stock market returns ...

This paper will present the theoretical elements proposed by Coase (1937,1960,1994) and Williamson (1981,1991); remarking their analytical contributions in the field of Corporative Strategy. Additionally, this work identifies ...