Weak Expansions: A Distinctive Feature of the Business Cycle in Latin America and the Caribbean

Esteban Pérez Caldentey, Daniel Titelman, Pablo Carvallo

…economic activity and hence volatility, it is not trend neutral. Hence, the effects of aggregate demand management policies may be more persistent over time and less transitory than currently thought….
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Macro Policies For Climate Change: Free Market Or State Intervention?

Pablo Ruiz Nápoles

…conceptual framework for debating public policy for analyzing the policies recommended and applied so far, to deal with Climate Change’s causes and effects, from an economic perspective. We present the…
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Institutional Support and Technological Upgrading: Evidence from Dynamic Clusters in Latin America and Asia

Rajah Rasiah, Jebamalai Vinanchiarachi

…dominated the origin of salmon and button clusters in Los Lagos and Qiaotou. Domestic organizations have been the prime drivers of upgrading in Los Lagos and Qiaotou. Whereas the meso…
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Again on Piketty’s Capital in the Twenty-First Century or Why National Accounts and Three Simple Laws Should not be a Substitute for Economic Theory

Christian Flamant

…but s, the owners of capital’s consumption choices, which drive capital accumulation. The paper finally proposes an alternative explanation for the evolution of developed economies over the last 35 years….
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The Price Cannot be Right: Taxation, Sub-Intrinsic-Value Housing Bubbles, and Financial Instability

Gavin R. Putland

…parameters, on the hypothesis that prices reflect net present values (NPVs) of future cash flows. Special cases are noted and interpreted. The formula explains the counterintuitive observation that a stamp…
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Does Saving Increase the Supply of Credit? A Critique of Loanable Funds Theory

Fabian Lindner

…fallacies of composition. In the first step, the concepts of “saving” and “credit” will be clearly distinguished using simple accounting. It will be shown that credit is not limited by…
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Austerity in Mexico: Economic Impacts and Unpleasant Choices Ahead

Juan Carlos Moreno-Brid, Noel Pérez-Benítez, Héctor J. Villarreal

…episodes that Mexico has experienced during the last four decades. Subsequently it identifies the effects that public spending cuts have had on investment and economic growth in Mexico. Next, it…
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Rethinking Economics: Downs with Traction

Stuart Birks

…political process, and develops propositions on the operation of a democracy. Two key assumptions were no false information and no irrationality. As he acknowledged, neither is realistic. There is extensive…
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Submissions

…adn do not indent paragraphs but instead skip a line before them. Use Word default for margins. Footnote: Use footnotes, not endnotes. Font 10, single spaced. Inner headlines: Number consecutively,…
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Call for Papers: Tax Havens

…publication in WSER. Important dates July 20, 2017 – Proposal deadline October 15, 2017 – Submission deadline December 30, 2017 – Publication target date Thank you for your consideration, Rex…
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