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...

Chile: wrong way

Last Wednesday night we could watch, for the last time, a restrictive debate between the two remaining candidates for next January 15th presidential election in Chile. It was, in fact, the debate between a president – Mr. Piñera – and a candidate – Mrs. Bachelet...