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Paula Beltrán: Candidata a PhD, Dpto. de Economía, Universidad de California en Los Ángeles.
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Carlo Alcaraz: Investigador Económico, Dirección General de Investigación Económica, Banco de México.
Resumen We study the effect of the upsurge of natural resources income from the commodity price boom of the 2000s on the functional distribution of income. To do so, we build a general equilibrium model of Dutch disease that characterizes how natural resource windfalls affect equilibrium factor...
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Ricardo Rocha: Investigador y consultor independiente para DNP, BID, BM y otras instituciones públicas y privadasResumenUn análisis empírico de la estrategia exportadora de Colombia frente a Brasil en el mercado cafetero durante 1826-2018, considerando una competencia oligopolista por...
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Resumen We document that capital has flowed from equal to unequal countries since the 1990s. Differences in private savings between equal and unequal countries drive the flows. This empirical regularity holds across advanced economies. We develop a simple framework to analytically characterize how...
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Resumen: This paper proposes a Vector Autoregression augmented with nonlinear factors that are modeled nonparametrically using regression trees. There are four main advantages of our model. First, modeling potential nonlinearities nonparametrically lessens the risk of mis-specification. Second, the...
Resumen: Since 2018, tariffs have resurged as a tool for protecting domestic economies, particularly in the US. This paper examines the macroeconomic and welfare impacts of various tariff scenarios using a four-region dynamic general equilibrium model with a multi-sectoral production network. The...
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Resumen: Martellini and Menzio (JPE, 2020) argue that in a search-theoretical model with constant improvements in the search technology, a balanced growth path (BGP) exists if firm-worker matches are inspection goods and the quality of matches follow a Pareto distribution. On such a BGP, declining...
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