Chile, in search of lost growth

Looking at China and India growing at 10 per cent in annual rates in their quest for a developed status is certainly goods news, for their combined 2.500 million inhabitants and the rest of the world. Their per capita incomes, less than US$ 2.000, compared to US...

Iran – Russia energy axis?

The world will soon complete almost a decade with unprecedented growth relatively well distributed across it. But this process has been associated with an impressive wealth transfer from energy lacking areas to those that have a surplus. It so happens that an energy...

A dollar economy from Alaska to Tierra del Fuego

Increasing world economic integration is a fact, as measured in goods trade and physical and human capital movements. But it tends to be deeper in surrounding countries – as it would equivalently happen at cities or neighborhoods levels -, basically because of...

US monetary policy

For the last 12 months there has been an increasing pressure over the Federal Reserve to move into a more contractionary monetary policy than before. The basis for such a case has been the apparently low absolute values of the Fed Funds target rates being in place and...