Editor Cinve

Financial integration in MERCOSUR

This research seeks to answer the following questions: what is the degree of financial integration of MERCOSUR countries? What is the degree of development...

The mobility of labor income in the Uruguayan labor market: A pseudo-panel approach

This paper aims to characterize the dynamics of labor income by exploiting the pseudo panel structure of the Continuous Household Survey of Uruguay between...

De Jure and de Facto Flotation? Monetary-Exchange policy in the post crisis period in Uruguay

In 2002 Uruguay abandoned the stabilization plan based on exchange bands that had guided the country's monetary policy for more than a decade. This...

“Competitive” real exchange rate and other mismatched solutions

One of the main challenges facing economic policy in the present is to find a strategy of sustained growth, which allows to achieve high...

Robust Monetary Policy in a Financially Vulnerable Economy

So far the literature on robust monetary policy has used, without exception, very simplified economic models, and with only one exception, assuming closed economy. This paper...

Modelling wages´ macroeconomic determinants through nonlinear mechanisms

This paper analyzes the behavior of private wages during the last twenty years, from a macroeconomic perspective. In particular, the existence of asymmetries in...