Efectos de la política monetaria en un modelo de precios rígidos en distintas monedas

Resumen: En un modelo dinámico, de dos países y con precios rígidos, este trabajo analiza la transmisión de la política monetaria cuando las empresas fijan sus precios en distintas monedas. Siguiendo el modelo de Betts y Devereux (2000) suponemos que las empresas pueden fijar un único precio para el mercado local y extranjero en moneda del país al cual exportan. Algunas empresas segmentan el mercado por país y otras fijan un único precio en su propia moneda o en la del país vecino. Los precios rígidos en moneda del país vecino aumentan la variabilidad del tipo de cambio y reducen los efectos positivos que la política monetaria tiene sobre el consumo y la tasa de interés real, respecto a una situación donde las empresas sólo segmentan el mercado o fijan un único precio en su propia moneda. En ausencia de segmentación de mercado, a mayor número de empresas que fijen su precio en moneda del país vecino, mayor es el efecto positivo que un shock monetario en el país extranjero tiene sobre su bienestar y el del otro, pero es menor en ambos cuando se produce en el país local.

Expanding adoption of drinking water treatment systems in developing countries: a case study from Tamil Nadu, India

Household-level water treatment and safe storage systems (HWTS) are simple, local, user-friendly, and low cost options to improve drinking water quality at the point of use. However, despite conclusive evidence of the health and economic benefits of HWTS, and promotion efforts in over 50 countries in the past 20 years, implementation outcomes have been slow, reaching only 5-10 million regular users. This study attempts to understand the barriers and drivers affecting HWTS implementation. Using a case study example of a biosand filter program in southern India, system dynamics modelling is shown to be a useful tool to map the inter-relationships of different critical factors and to understand the dissemination dynamics. It is found that the co-existence of expanding quickly and achieving financial sustainability appears to be difficult to achieve under the current program structure.

A systems approach to characterise the dissemination process of household water treatment systems in developing countries

Abstract: Starting in the 1980s, household-level water treatment and safe storage systems (HWTS) have been developed as simple, local, user-friendly, and low cost options to improve drinking water quality at the point of use. However, despite conclusive evidence of the health and economic benefits of HWTS, and promotion efforts in over 50 countries in the past 20 years, implementation outcomes have been slow, reaching only 5-10 million regular users. This study attempts to understand the barriers and drivers affecting HWTS implementation. Although existing literature related to HWTS and innovation diffusion theories proposed ample critical factors and recommendations, there is a lack of holistic and systemic approach to integrate these findings. It is proposed that system dynamics modelling can be a promising tool to map the inter-relationships of different critical factors and to understand the structure of HWTS dissemination process, which may lead to identifying high impact, leveraged mitigation strategies to scale-up HWTS adoption and sustained use.

Acordos internacionais de cooperação nos governos Fernando Henrique e Lula

Explicita algumas características da política externa praticada pelo Brasil no que diz respeito à celebração de acordos de cooperação e onde as gestões dos presidentes Fernando Henrique e Lula se aproximam ou se distanciam. Os resultados encontrados mostram o universalismo das parcerias firmadas e o predomínio de acordos de cooperação técnica com os países em desenvolvimento.

Computing abuse related damages in the case of new entry: An illustration for the Directory Enquiry Services market

A number of European countries, among which the UK and Spain, have opened up their Directory Enquiry Services (DQs, or 118AB) market to competition. We analyse the Spanish case, where both local and foreign firms challenged the incumbent as of April 2003. We argue that the incumbent had the ability to abuse its dominant position, and that it was a perfectly rational strategy. In short,the incumbent raised its rivals' costs directly by providing an inferior quality version of the (essential) input, namely the incumbent's subscribers' database. We illustrate how it is possible to quantify the effect of abuse in situation were the entrant has no previous history in the market. To do this, we use the UK experience to construct the relevant counterfactual, that is the "but for abuse" scenario. After controlling for relative prices and advertising intensity, we find that one of the foreign entrants achieved a Spanish market share of only half of what it would have been in the absence of abuse.

Terrorism and the World Economy

Published as an article in: European Economic Review, 2008, vol. 52, issue 1, pages 1-27.

Is there a Phillips Curve in the US and the EU15 Countries? An empirical investigation

This paper studies the comovement between output and inflation in the EU15 countries. Following den Haan (2000), I use the correlations of VAR forecast errors at different horizons in order to analyze the output-inflation relationship. The empirical results show that eight countries display a significant positive comovement between output and inflation. Moreover, the empirical evidence suggests that a Phillips curve phenomenom is more likely to be detected in countries where inflation is more stable.

The effect of flexibility in working hours on fertility: A comparative analysis of selected european countries

The main aim of this paper is to measure the extent to which part-time work enhances fertility for married or cohabiting women of fertile age. The study covers eleven European countries. The data used are a pool sample of five waves of the European Community Household Panel. Given that we believe that the decisions concerning fertility and labor market status are taken jointly, we carry out a simultaneous estimation approach. Results suggest that policy makers wishing to implement adequate part-time schedules so as to enhance fertility should look at the part-time schedules available in Belgium, Ireland and The Netherlands, which enhance fertility for women who take advantage of this flexibility measure so as to reconcile family and work.

Multinacionales chinas: ¿cómo influyen los factores institucionales en sus patrones de localización?

[ES] Este artículo analiza la influencia de diversos factores institucionales del país de destino sobre los patrones de localización de 29 grandes multinacionales chinas. A partir de una muestra de 127 decisiones de inversión directa en el exterior (IDE) en 52 países, nuestros resultados indican que una mayor dificultad a la hora de hacer negocios y un elevado riesgo político no condicionan sus decisiones de entrada. No obstante, la presencia de personas de etnia china en el país de destino, un mayor tamaño absoluto del mercado y un mayor volumen de exportaciones chinas hacia ese país influyen positivamente.