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SESSION I
August 13, 10:30-12:30 hrs.

Room 1
Session I.1:Poverty & Inequality Chair: Prof. Eduardo Engel - Universidad de Chile
80 Policy Options for Poverty Alleviation Miguel Szkely IADB - USA

198

Welfare, Poverty and Income Inequality: Appraisal of Historical Evolution and Regional Disparities.

Ricardo Paes de Barros Rosane Mendonca Renata Pacheco Nogueira

IPEA - Brasil

209

Microfinanzas y Pobreza: El Caso de las Cajas Municipales del Per.

Albert Chong Enrique Schroth

U. de Maryland GRADE - Per

206

Earnings Dispersion and Returns to Skills after Structural Adjustment : the Case of Per.

Jaime Saavedra

GRADE - Per

234

Income Distribution in Sao Paulo and the 1994 Stabilization Plan

Maria Carolina da Silva Leme Ciro Biderman

Fundacin Getulio Vargas Brasil

Room 2
Session I.2: Institutional Economics Chair: Prof. Vctor Gastaaga - University of Southern California

188

The Enforcement of Property Rights and Underdevelopment.

Era Dabla

U.Texas at Austin - USA

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Scott Freeman

237

Amnesty Programs as Corruption Deterrence Devices.

James Kahhat

Boston University - USA

277

Corruption: Some Elements for the Analysis

Federico Weinschelbaum

UCLA - USA

302

Judicial System Perfomance and Economic Development.

Armando Castelar Pinheiro

BNDES-UFRJ Brasil

Room 3
Session I.3: Growth Theory Chair: Prof. Elizabeth Bucacos - Banco Central del Uruguay

An Export Sector Led Endogenous Growth Model with Tradeable and Nontradeable Goods.

Enrique Casares-Gil

U.Autnoma Metropolitana - Mxico

25

A Dynamic Analysis of an Endogenous Growth Model Salvador Ortigueira with Leisure.

ITAM - Mxico

151

Patterns of Economic Development and the Formation of Clubs.

Alain Desdoigts

Universite DEvry Val DEssonne - Francia

176

Growth, External Debt and Real Exchange Rate.

Delfim Gomes Neto

DELTA - Francia

192

Multiple Equilibrium, Variability and the Development Process.

Jos Galdn Sanchez Luis Carranza

IMF - USA

Room 4
Session I.4: Econometric Theory Chair: Prof. Gustavo Crespi, Universidad de Chile

110

Stationarity and Structural Breaks: Evidence from

Antonio E. Noriega Muro

U. de Guanajuato - Mxico

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Classical and Bayesian Approaches.

Enrique de Alba

126

Finite Sample Properties of the Efficient Method of Moments.

Rmulo A. Chumacero

Universidad de Chile

255

Nonparametric Estimation of a Survivor Function with Roberto A. Ayala Across-Interval-Censored Data Mark Yuying

Banco Central - Ecuador

264

Threshold Unit Root Models

Martn Gonzlez R. Jess Gonzalo

Boston University U. Carlos III de Madrid Espaa

Room 5
Session I.5: Applied Finance Chair: Prof. Eduardo Fernndez Arias - IADB - USA

36

Financial Derivatives Introduction and Stock Return Volatility in an Emerging Market without Clearinghouse: The Mexican Experience.

Fausto Hernndez-Trillo

CIDE - Mxico

77

Pricing the Option Adjusted Spread of Brazilian Eurobonds".

Franklin de Oliveira Goncalves Marcio de O. Barros

Banco da Bahia Investimentos S.A. - Brasil

100

A Theory of Corporate Capital Structure and Investment.

Miguel Cantillo Simon

U. of California, Berkeley USA

153

The Empirical Tests to the CAPM: Borrowing and Lending Restrictions and Related Issues.

Sebastin A. de Ramn

University College London - UK

171

ADRs in Emerging Equity Markets: Markets Integration or Fragmentation.

Kent Hargis

U. South Carolina - USA

Room 6
Session I.6: Capital Markets Chair: Prof. Ral Labn

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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55

A Theory of Financial Market Structure

Bharat Anand Alexander Galetovic

Yale School of Management - USA Universidad de Chile

104

Business Groups, Stock Markets Atrophy and Growth.

Gonzalo Castaeda

U. de las Amricas - Puebla - Mxico

114

Investment Under Uncertainty and Financial Market Development: A q Theory Approach.

Sergio Lehmann

Banco Central de Chile

172

On the Limits to Speculation in Centralized vs. Decentralized Market Regimes.

Felipe Zurita

Universidad de Chile

179

On Financial Markets, Entrepreneurship and the Distribution of Wealth.

Alexander Monge N.

The University of Chicago USA

SESSION II
August 13, 15:00-17:00 hrs.

Room 1
Session II.1: Fiscal Policy
Chair: Prof. Silvia Montoya - IIERAL - Fundacin Mediterrnea

90

Flat Tax Reform: A Quantitative Exploration

Gustavo Ventura

University of Illinois - USA

122

Does Fiscal Policy Matter?: The Case of Chile.

Yianos T. Kontopoulos Dimitrios D. Thomakos

Merrill Lynch Columbia University - USA

240

Public Debt Sustainability and Endogenous Seignorage in Brazil : Time-Series Evidence from 1947-92

Joo Victor Issler Luiz Renato R. de Oliveira Lima

Getuio Vargas Foundation EPGE Banco Marka

243

Understanding Tax Evasion Dynamics

Eduardo M. R. A. Engel James R. Hines Jr.

Universidad de Chile Harvard University

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Room 2
Session II.2: Industrial Organization Chair: Prof. Carlos Zarazaga - Federal Reserve Bank of Dallas - USA

Deteccin del poder de mercado en el sector manufacturero mexicano.

Alejandro Castaeda Sabido

El Colegio de Mxico

88

Audit Conservatism, Management Incentives and Managerial Optimism

Pradyot K. Sen

SUNY - Buffalo - USA

92

Experimentation and Market Structure in the Patents Licensing Relationship.

Manel Antelo

Universidade de Santiago de Compostela - Espaa

161

Entry Mistakes Happen.

Luis Cabral

London Business School Inglaterra

235

The Informal Sector , Firm Dynamics and Institutional Participation.

Alec R. Levenson

Milken Institute for Job & Capital Formation University of Illinois -USA

William F. Maloney

Room 3
Session II.3 Economic Theory Chair: Prof. Rmulo Chumacero - Universidad de Chile

174

Equilibrium Allocations of Fair Quasi-Games for Economies with Indivisible Goods.

Carmen Bevi

Universitat Autnoma de Barcelona - Espaa

220

A Notion of Subgame Perfect Nash Equilibrium under Knightian Uncertainty.

Srgio Ribeiro da Costa Werlang

Fundacin Getulio Vargas Brasil

221

Distance Metric and the Debreu-Farrell Measure of Technical Efficiency.

Walter Briec

University of Rennes, France Federal U. of Pernambuco -

Francisco S. Ramos

PIMES - Brasil

271

Asymptotic Results on the Core of a Continum Economy

Carlos Hervs-Beloso Emma Moreno-Garca

Universidad de Vigo Espaa

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Carmelo Nuez-Sanz

282

An Application of the Catastrophe Theory in General Equilibrium Theory.

Elvio Accinelli Martin Puchet

IMERL - Uruguay UNAM - Mxico

Room 4
Session II.4: Macroeconometrics Chair: Prof. Felipe Zurita - Universidad de Chile

74

Error Correction and Cointegration in a Dynamic Panel: Puschasing Power Parity in a Flexible Exchange Rate Regime.

Vctor Gastaaga

U. of Southern California USA

124

Determinantes del tipo de cambio real: Un modelo de vectores autoregresivos para Chile.

Patricio Mujica Gustavo Crespi

Universidad de Chile

189

An Estimation of a Macroeconomic Model for the Chilean Economy.

Leonardo Letelier Miguel Basch

Universidad de Chile

303

Purchasing Power Parity for Brazil: A Test for Fractional Cointegration .

Vera L. Fava Denisard C. O. Alves

FEA/USP - Brasil

Room 5
Session II.5: Labor I Chair: Prof. Mario Tello - PUC - Per

203

The Impact of Labor Market Policies on the Wage Structure: Evidence from Chile and Uruguay.

Gastn Labadie Steven Allen

North Carolina State University - USA

305

Efficient Wage Dispersion

D. Acemoglu R. Shimer

Princeton University - USA

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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276

Existe Alguna Relacin entre Roomrio Mnimo y Empleo? Teora, Dogma y Evidencia Emprica.

David Bravo U. Dante Contreras

Universidad de Chile

109

Labor Market Structure in Developing Countries Time Series Evidence on Competing Views.

William F. Maloney

U. of Illinois at UrbanaChampaign - USA

Room 6
Session II.6: Household Economics Chair: Prof. Ronald Fischer - Universidad de Chile

89

Socio-economic Factors Affecting the Joint Consumption of Tobacco and Alcoholic Beverages: Spanish Evidence.

Justo Manrique

Saint Louis University Espaa Iowa State University -

Helen H. Jensen

USA

95

A Bivariate Integral Control Mechanism Model of Household Consumption.

Jan Spitalsky

Academy of Sciences of the Czech Republic

143

Child Health and The Distribution of Household Resources at Marriage.

Dante Contreras Duncan Thomas Elizabeth Frankenberg

Universidad de Chile RAND and UCLA RAND

144

Does Birth Order Matter?The Importance of Birth Order when Parents Specializa by Gender in Childs Nutrition.

Luis N. Rubalcava Dante Contreras

UCLA Universidad de Chile

146

Who Suffer During an Economic Crisis?

Graciela Teruel

UCLA - USA

SESSION III
August 14, 08:30-09:30 hrs.

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Session III.1: Information & Uncertainty Chair: Prof. Dante Contreras - Universidad de Chile

Room 1

76

Risk-Sharing Partness with Bilateral Moral Hazard and Balanced Budgets.

Sonia Di Giannatale Stephen E. Spear Cheng Wang

Carnegie Mellon University - USA

85

Policy Uncertainty and Informational Monopolies: The Larry E. Jones Case of Monetary Policy. Rodolfo Manuelli

Northwestern University University WisconsinMadison - USA

286

Risk Dominance Selects the Leader. An Experimental Analysis.

Walter Garca-Fontes Antonio Cabrales Massimo Motta

Universitat Pompeu Fabra - Espaa

Room 2
Session III.2: Commodities Chair: Prof. Steven Allen - University of Virginia

38

Coffee Export Booms and Monetary DisequilibriumSome Evidence for Colombia: 1970-1992.

Jess G. Otero

The University of Warwick - Inglaterra

207

Stabilization Mechanisms for Primary Commodity Exporters: An Oil Stabilization Fund for the Venezuelan Case

Alejandro Grisanti

University of Pennsylvania - USA

299

Comparing Two Modellig Approaches: An Example Using Fed Beef Supply.

Camilo Sarmiento

Colombia

Room 3
Session III.3: Capital Flows Chair: Prof. Javier Escobal - GRADE - Per

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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11

Controlling Capital Flows: Targeting Stocks vs. Flows.

Amartya Lahiri

UCLA - USA

113

Capital Flows to Brazil in the Nineties: Macroenomic Aspects and the Effectivenses of Capital Controls.

Marcio G.P. Garcia Alexander Barcinski

PUC RJ - Brasil

135

What Determines Capital Inflows?. An Empirical Analysis for Chile.

Romulo Chumacero Ral Laban Felipe Larran

Universidad de Chile GERENS Ltd. PUC

Room 4
Session III.4: Econometrics Chair: Prof. Luis Quintas - University of San Luis - Argentina

Approximating and Simulatinf the Real Business Cycle: Linear Quadratic Methods, Parameterized Expectations, and Genetic Algorithms.

John Duffy Paul D. McNelis

University of Pittsburgh USA

22

Unit Roots, Exogeneity, and Persistence: A Critical Overview.

Guglielmo Maria Caporale Nikitas Pitis

London Business School UK

245

Conditional Labor Supply Quantile Estimates in Brazil.

Eduardo Pontual Ribeiro

Universidade Federal de Roraima - Brasil

Room 5
Session III.5: Empirical Monetary Economics Chair: Prof. Esteban Jadresic - IMF

Currency Substitution and the Moneyness of Monetary Eduardo A. Morn Assets.

UCLA - USA

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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142

Is the Business Cycle of Argentina "Different"?

Finn Kydland Carlos E.J.M. Zarazaga

Federal Reserve Bank of Dallas - USA

200

The Demand and Supply of Money under High Inflation: Brazil 1974-1994.

Octavio A. F. Tourinho

IPEA - Brasil

Room 6
Session III.6: Monetary Theory Chair: Prof. Maurice Kugler - Universidad de los Andes - Colombia

20

Do Prescribed Stochastic Monetary Equilibria Exist? and Other Monetary Issues.

Haim Abraham

University of Cape Town South Africa

73

Global Optimum and Convergence Rates in Monetary Policy.

Hsih-chia Hsieh

Providence University Taiwan

228

A Dynamic Model of the Asymmetric Effects of Monetary Shocks.

Pedro Auger Paul Beaudry

IADB - USA

SESSION IV
August 14, 11:30-13:00 hrs.

Room 1
Session IV.I: Exchange Rate I Chair: Prof. Miguel Basch - Universidad de Chile

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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45

Riesgo Cambiario y Riesgo Tasa de Inters en la Banda de Flotacin.

Umberto Della Mea

Banco Central del Uruguay

53

Cyclical Fluctuations in Brazils Real Exchange Rate: The Role of Domestic and External Factors.

P. Richard Agnor A. Hoffmaister C. Madeiros

IMF

54

Misaligment and Fundamentals

Fernando A.Broner Norman Loayza Humberto Lpez

Massachusetts Institute of Technology - USA

129

A Model of Smuggling and Black Markets in Foreign Exchange.

Richard C. Barnett

University of Arkansas USA

Room 2
Session IV.2:Monetary Policy Chair: Prof. Alejandra Mizala - Universidad de Chile

31

Growth, Money and Debt: The Mexican Experience of Francisco Venegas-Martnez 1989-1995.

CIDE - Mxico

154

Central Bank Intervention with Options.

Fernando Zapatero Luis F. Reverter

ITAM - Mxico

229

Encaje y Autonoma Monetaria en Chile.

Luis Oscar Herrera Rodrigo Valds P.

Banco Central de Chile

170

Sistema Bancario y Estabilizacion Macroeconmica : Per.

Mario Zambrano B.

Banco Central de Reserva del Per

230

Transmisin de la Poltica Monetaria en Chile.

Rodrigo Valds

Banco Central de Chile

Room 3

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Session IV.3: Applied Econometrics Chair: Prof. Ricardo Lpez M. - Fundacin de Investigaciones Econmicas Latinoamericanas - Argentina

108

Money Demand in Uruguay an Artificial Neural Network Approach

Elizabeth Bucacos

Banco Central del Uruguay

121

Alternative Approaches to Testing Hysteresis.

Hildegart Ahumada

Instituto Torcuato Di Tella Argentina

177

Is Implied Correlation Worth Calculating?. Evidence from Foreign Exchange Options and Historical Data.

Christian Walter Jos A. Lopz

Federal Reserve Bank of New York - USA

256

Non Linear Discrete and Continuous Models for the Brazilian Short-Term Interest Rate.

Eduarda C. de La Rocque

Banco de Bahia Investimentos S.A. - Brasil

Room 4
Session IV.4: Trade Policy I Chair: Prof. Julio de Brun - Universidad ORT - Uruguay

10

Environmental Protection under Bilateral Trade and Imperfect Competition.

Roberto Burguet

Institute for Economic Analisis (CSIC) - Espaa Centro de Estudios Econmicos - El Colegio -

Jaime Sempere

Mxico

32

Export Subsidies, Price Competition and Vertical Integration.

Leonardo Medrano

Centro de Investigacin y Docencia Econmicas Mxico

34

Trade Liberalization and Productivity: A Panel Study of the Mexican Manufacturing Industry.

Talan Iscan

Dalhousie University Canad

159

North-South Customs Unions and International Capital Eduardo Fernandez Arias Mobility. Mark Spiegel

IADB - USA

212

The Choice of an International Currency for Trade.

Francois Hada Benjamn Sahel

ENSAE - Francia Banque de France

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Room 5
Session IV.5 : Game Theory II Chair: Prof. David Bravo - Universidad de Chile

27

The Theory of Implementation when the Planner is a Player.

Luis Corchn Sandeep Baliga Tomas Sjstrm

Univ. de Alicante - Espaa Cambridge University Harvard University

35

Negotiation when the Size of the Pie Depends on How it is Cut.

David Mayer-Foulkes Ral Garca-Barrios

CIDE - Mxico

83

The Sources of Randomnes in Models of Social Interaction: A Note on Arthur (1994).

Eduardo Zambrano

Cornell University - USA

269

Equilibrium Selection by Finite Automata and Strategic Domination in Repeated Games.

Luis Quintas

IMASL - Universidad Nacional de San Luis Argentina

Room 6
Session IV.6: Savings and Investments Chair: Prof. Armando Castelar-Pinheiro - DEPEC Brasil

51

Quantifying the Effects of Medicaid and Medicare on Aggregate Savings.

Ronald W. Gecan

University of Minnesota USA

62

Capital Inflows and Investment Perfomance: Chile in the 1990s.

Manuel Agosin

Universidad de Chile

169

Los Determinantes del Ahorro Privado en el Per y el Papel de la Poltica Econmica.

Jorge Barreda Elmer Cuba

Macroconsult - Per

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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175

Investment in Colombia: Microadjustment and Aggregation.

Alberto Isgut

Wesleyan University - USA

253

Domestic Savings, Public Savings and Expenditures on Consumer Durable Goods in Argentina.

Ricardo Lpez M. Fernando Navajas

Fundacin de Investigaciones Econmicas Latinoamericanas Argentina

SESSION V
August 14, 15:30-17:30 hrs.

Room 1
Session V.1: Empirical Growth Chair: Prof. Patricio Mujica - Universidad de Chile

El Capital Fsico y Humano en Uruguay.

Vctor Elas

U. Nacional de Tucumn y Fundacin Banco Empresarario de Tucumn Argentina

101

Crecimiento y Fluctuaciones Macroeconomicas en Amrica Latina

Pablo Cotler

ITAM - Mexico

118

An Exploration Into the Sources of Economic Growth in Fourteen Latin American Countries.

Edgard Robles

UCLA - USA

222

Potential Output Growth in Emerging Markets: the Case of Chile.

Jorge Roldos

IMF

290

Inestabilidad y Continuidad del Crecimiento : Algunas Manifestaciones de Desempeo de la Economa Peruana.

Mximo Vega-Centeno

PUC - Per

Room 2
Session V.2: Structural Reforms Chair: Prof. Paul D. McNelis - Georgetown University - USA

125

Social Security Regime, Growth, and Income Distribution.

Patricia S. Langoni

Banco Central de Chile

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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167

Infrastructure Privatization in a Neoclassical Economy : Macroeconomic Impact and Welfare Computation.

Pedro Cavalcanti G. Ferreira

Fundacin Getulio Vargas Brasil

182

Pension Reform, Informal Markets, and Long Term Income and Welfare.

Klaus Schmidt-Hebbel

Banco Central de Chile

257

Privatization Competition and Supracompetition in the William C. Gruben Mexican Banking Sistem Robert Mc Comb

Federal Reserve Bank of Dallas - USA

Room 3
Session V.3: Applied Microeconomics Chair: Prof. Leonardo Letelier - Universidad de Chile

68

Multiple Equilibria in the Welfare State with Costly Policies.

Alvaro Forteza

Universidad de la Repblica - Uruguay

251

Disposicin a Pagar por Bienes Ambientales: Una Aplicacin a la Contaminacin Atsmosfrica en Santiago de Chile.

Roberto Alvarez Eugenio Figueroa Sebastian Valds

Universidad de Chile

242

Funcin de Produccin Educacional y Eficiencia de la Produccion en Chile

Alejandra Mizala Pilar Romaguera Daro Farren

Universidad de Chile

116

Firing Costs and Stigma: A Theoretical Analysis and Evidence from Micro Data.

Patrizia Canziani

London School of Economics - UK

244

Interaccin estratgica en elecciones parlamentarias

Eduardo Engel Alejandro Neut

Universidad de Chile

Room 4
SessionV.4: Regional/Agricultural Economics Chair: Prof. Eduardo Morn - UCLA - USA

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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147

Geographical Association as an Alternative for Diffusion in the Peruvian Traditional Agriculture.

Mximo Torero

UCLA - USA

165

Regional Heterogeneity in the Development of the Brazilian Agriculture.

Juliano Junqueira Assunco

CEDEPLAR - U. Federal de Minas Gerais - Brasil

210

Integracin Espacial de Mercados Agrcolas : un Anlisis de Cointegracin Multivariada

Javier Escobal Jorge Agero

GRADE - Per

223

El Centro y la Periferia, Una Aproximacin Emprica a Giovanna Aguilar Andia la Relacin entre Lima y el Resto del Pas. Gonzalo Camargo Cardenas

PUC - Per

Room 5
Session V.5: Productivity & Innovation Chair: Prof. Juan Luis Londoo - IADB - USA

43

Dinmica de Empleo y Productividad en Manufactura: Evidencia Micro y Consecuencias Macro.

Alexis Camhi Eduardo Engel Alejandro Micco

Universidad de Chile

44

Stochastic Estimation of Firm Inefficiency Using Distance Functions.

Scott E. Atkinson Rolf Fre Dan Primont

The University of Georgia USA

140

Machine Replacement, Network Externalities and Investment Cycles.

Juan Ruiz

Boston University - USA

283

Los efectos de la liberalizacin comercial en gastos e inversiones en I+D: El caso de la industria manufacturera uruguaya.

Walter Garca Fontes

Universitat Pompeu Fabra Espaa University of Uruguay

Ruben Tansini

300

Intra-Regional Inequality, Technological Diffusion, and the Pattern of International Trade.

Maurice Kugler Josef Zwelmueller

U.de los Andes-Colombia University of Zurich

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Room 6
Session V.6: Banking I Chair: Prof. Hildegart Ahumada - Instituto Torcuato Di Tella - Argentina

24

X-Inefficiency in the Private Banking Sector of Argentina: Its Importance with Respect to Economies of Scale and Economies of Joint-Production.

Atrid Dick

Banco Central de la Repblica - Argentina

152

Market Power in the Chilean Banking System : Evidence from a Panel Data Study

Antonio Ahumada Juan Cceres

Universidad de Santiago Chile

155

Estimation of a Cost Function for the Private Banking Sector of Argentina with Panel Data.

Tamara Burdisso

Banco Central de la Repblica - Argentina

202

El Margen de Intermediacin Bancaria en Colombia.

Roberto Steiner Adolfo Barajas Natalia Roomzar

FEDESARROLLO Colombia

231

Determinantes de los Mrgenes Cambiarios: Evidencia Rodrigo Fuentes Emprica para Chile. Miguel Basch

Universidad de Chile

SESSION VI
August 15, 10:00-12:00 hrs.

Room 1
Session VI.1: Banking II Chair: Prof. Pablo Cotler - ITAM - Mxico

40

An Endogenous Growth Model of Money, Banking and Financial Repression.

Marco A. Espinosa

Federal Reserve Bank of Atlanta - USA

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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The Chinese University of Hong Kong Chong K. Yip

168

Contagion, Banks Fundamental or Macroeconomic Shock? An empirical Analysis of the Argentina 1995 Banking Problems.

DAmato, L. E. Grubisic A. Powell

Banco Central de la Repblica - Argentina

213

Public Disclosure and Bank Failures

Tito Cordella Eduardo Levy

U. Pompeu Fabra - Espaa IMF

214

Systemic Mess, the Interbank Market and the Domino Effect.

Guillermo Alger

GRAMAQ - Francia

Room 2
Session VI.2: Wages Chair: Prof. Octvio A.F. Tourinho - IPEA - Brasil

59

Relative Wages and Trade Liberalization in Mexico.

Gustavo Caonero Alejandro Werner

IMF - USA

162

Inflation, Regulation and Wage Adjustment Patterns : Non - Parametric Evidence from Longitudinal Data.

Marcelo Neri

IPEA-Brasil

260

Wage Indexation and Macroeconomic Stability

Esteban Jadresic

IMF

265

Wage Dispersion and Inflation: Some Empirical Evidence

Alicia Menndez

Boston University - USA

289

Investing Rationality in Wage-Setting.

Sonia R. Bhalotra

University of Bristol - UK

Room 3
Session VI.3: Trade Theory

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Chair: Prof. Srgio Ribeiro da Costa - Fundacin Getulio Vargas - Brasil

50

North-South Trade, Labor Supply, and the Wages of Unskilled Workers

John P. Formby Guangmao Nie

The University of Alabama - USA

134

Lobbying, Innovation, and Protectionist Cycles.

Gabriel Snchez

Columbia University - USA

163

Optimal Dynamic Tariffs with Varying Degrees of Commitment.

Cristina T. Terra

PUC RJ - Brasil

185

La Teora de la Proteccin Contingente.

Ronald D. Fischer

Universidad de Chile

241

Can Nonhomothetic Preferences Explain the Post World War II Growth in Trade

Raphael Bergoeing

ILADES/Georgetown University

Room 4
Session VI.4:Exchange Rate II Chair: Prof. Sebastin Valds - Universidad de Chile

217

Exchange Rate Dynamic and Learning

Pierre-Olivier Gourinchas Aaron Tornell

Stanford University - USA

285

Currency Bands and Stabilization Dynamics

Julio de Brun

Universidad ORT Uruguay

160

Devaluacin , Precios Relativos y Flujos Comerciales: El Caso Peruano 1969 - 1995.

Marco Arena Jess Ferreyra Pedro Tuesta

Banco Central de Reserva del Per

79

Exchange Rate Determinacy on General Equilibrium Theory

Gerardo Jacobs

Banco de Mxico

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Room 5
Session VI.5: Stabilization Chair: Prof. Eugenio Figueroa - Universidad de Chile

29

Measuring Credibility Effects During Two Stabilization Attempts in Uruguay: 1978-82 and 199095.

Andrs Massoller

Banco Central del Uruguay

58

Poltica de Esterilizacin, Choques Externos y Variabilidad de las Reservas en Mxico, 1988-1994.

Gerardo Esquivel

Harvard University - USA

82

Can Optimal Fiscal Policy Be Procyclical?

Ernesto Talvi Carlos A. Vgh

IADB - USA UCLA - USA

274

On the Effect of US Interest Rate on the Brazilian Foreign Debt

Gyorgy Varga

EPGE/FGV - Brasil

291

Crisis, Foreign AID, and Macroeconomic Reform

Eduardo Fernndez-Arias

IADB - USA

Room 6
Session VI.6:Political Economy Chair: Prof. Ricardo Paredes - Universidad de Chile

Fiscal Federalism, Political Equilibrium and Distributive Politics.

Guillaume Cheikbossian

DELTA - Francia

14

Do Rich Countries Choose Better Governments?.

Costas Azariadis Amartya Lahiri

UCLA - USA

236

Inflation, Distributive Struggle and Political Coalitions: Why and When Monetary Disorder Ends?

R. Ahrend Th. Verdier

DELTA - STICERD CERAS, DELTA U. of Evry Val dEsonne,

C. Winograd

DELTA - Francia

281

The Fiscal Politics of Big Governments.

Costas Azariadis

UCLA - USA

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Luisa Lambertini

304

Sugame Perfect Equilibria in a Ramsey Taxes Model.

C. Phelan E. Stacchetti.

USA

SESSION VII
August 15, 15:00-17:00 hrs.

Room 1
Session VII.1: Trade Policy Chair: Prof. Ricardo Sanhueza - Universidad de Chile

178

Structural and Trade Reforms, and the Measure of Prices, Quantity and Product Composition Trade Indexes in Developing Countries: The Nicaraguan Case, 1990-1995.

Mario Tello

PUC - Per

254

An Evaluation of the Dynamic Gains from MERCOSUR Using Applied General Equilibrium.

Jorge Cavalcante

UFRRJ and McGill University CRDE and Universit de

Jean Mercenier

Montral - Canad

268

North American Economic Integration : Has NAFTA Facilitated Trade and Investment?

David M.Gould

Federal Reserve Bank of Dallas - USA

284

MERCOSUR: Un camino a la apertura o la consolidacin de un bloque cerrado?.

Alejandro Nin Mara Ins Terra

Universidad de la Repblica - Uruguay

Room 2
Session VII.2: Business Cycles Chair: Prof. Sonia Bhalotra - University of Bristol - USA

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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42

Banks and Macroeconomic Disturbances under Predetermined Exchange Rates.

Sebastian Edwards Carlos A. Vgh

UCLA - USA

156

Business Cycle in Argentina and Brazil.

Jorge Carrera Mariano Fliz Demian Panigo

Universidad Nacional de la Plata - Argentina

105

Markup pricing strategies and the business cycle.

Ernesto Felli Giovanni Tria

University of "Roma 3" University of Roma "La Sapienza"

250

Learning about Trends and Aggregate Fluctuations in Open Economies.

Daniel Heymann Pablo Sanguinetti

Cepal Instituto Di Tella y U. of Buenos Aires U. Torcuato Di Tella

G.Bzzoli

Room 3
Session VII.3: Game Theory II Chair: Prof. Alexander Galetovic - Universidad de Chile

149

Optimal Screening Schemes in Auctions.

Sara Castellanos

UCLA - USA

184

Dynamic Growth Games with Externalities.

Ronald D. Fischer Leonard J. Mirman

Universidad de Chile

249

Auctions of Licences and Market Structure.

Gustavo E. Rodrguez

U. Torcuato Di Tella Argentina

84

Renegotiation in Incomplete Contracting Games: An Application to Concessions of Public Works.

Eduardo Saavedra

Cornell University - USA

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Room 4
Session VII.4: Labor II Chair: Prof. Jorge Carrera - University of La Plata - Argentina

94

The Perfomance of Migrants in the Lima Labor Market.

Philip Bond

University of Chicago USA

107

Gender Wage Differences in Spain. A Quantile Regression Approach.

Jaume Garca Pedro J. Hernndez Angel Lpez

Universitat Pompeu Fabra Espaa

138

Anlisis del Desempleo Regional en Argentina.

Silvia Montoya Manuel Willington

IIERAL - Fundacin Mediterrnea - Argentina

275

Unemployment and Wages In Chile: A Sinthetic Cohort Analisys

Osvaldo Larraaga Ricardo Paredes

Universidad de Chile

Room 5
Session VII.5: Inequality Issues Chair: Prof. Juliano Junqueira - CEDEPLAR - U. Federal de Minas Gerais - Brasil

16

Equality of Opportunity and Optimal Cash and inKind Policies.

Leonardo C. Gasparini

Princeton University - USA

17

Inequality, Welfare and Monotonicity.

Yoram Amiel Frank A. Cowell

Ruppin Institute - Israel London School of Economics - UK

81

Distributional Surprises After a Decade of Reforms: Latin America in the Nineties

Juan Luis Londoo Miguel Szkely

IADB - USA

199

Inequality of Poverty: Job Strategies and Differentials by Gender.

Ricardo Paes de Barros

RJ Federal University

http://www-decon.facea.uchile.cl/meeting/papers1.htm

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Ana Flavia Machado Rosane Silva Pinto de M.

Minas Gerais Federal University RJ Federal University

266

Inequality in the Distribution of Personal Income in the World. How is Changing and Why.

Paul Schultz

Yale University - USA

http://www-decon.facea.uchile.cl/meeting/papers1.htm