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Presidential Approval in Peru: An Empirical Analysis Using a Fractionally Cointegrated VAR
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2019-12)
Presidential approval in Peru depends on economic outcomes. However, voters are unable to distinguish between outcomes resulting from economic policies and those caused by exogenous shocks.
Estimation results from seven ...
¿Qué hubiera pasado en 2014-2016 si..? Un modelo macroeconométrico para el Perú
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2018-01)
Este documento presenta un modelo macro-econométrico para la economía peruana, de pequeña escala, estimado con datos trimestrales para el periodo 2003-16, que permite simular el impacto que tienen los choques externos y ...
Firms’ Financing, Contract Enforcement, and Liability Dollarization
(Pontificia Universidad Católica del Perú. CENTRUM, 2010)
This paper analyzes how the presence of liability dollarization, different degrees of contract enforcement, and the possibility to default on debts affect firms’ financing decisions. The framework is a dynamic model of ...
Non-technological innovations: market performance of exporting firms in South American emerging economies
(CENTRUM Publishing, 2015)
Innovation plays a key role in the economic growth of companies, sectors and countries. Even though there is great interest in researching innovation, there is little evidence on the influence of innovation on the performance ...
La economía de PPK. Promesas y resultados: la distancia que los separa
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2017-05)
¿Qué pasará con la economía peruana durante el gobierno de Pedro Pablo Kuczynski (PPK)? ¿Es verosímil el compromiso oficial de elevar la tasa de crecimiento del PBI a 5 por ciento anual a partir de 2019? A pesar que ...
Teaching Modern Macroeconomics in the Mundell-Fleming Language: The IS-MPR-UIP-AD-AS Model
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2017-09)
The traditional open aggregate demand and aggregate supply model backed by the Mundell-Fleming model, together with the supply curve that relates the price level to the output gap, should be abandoned in undergraduate ...