Publications

7 publications found, searching for 'Esteban Pérez-Caldentey '

• Working Paper No. 1031
  October 09, 2023

  A Stock-Flow Ecological Model from a Latin American Perspective

  Lorenzo Nalin, Giuliano Toshiro Yajima, Leonardo Rojas Rodriguez, Esteban Pérez-Caldentey, and José Eduardo Alatorre
  Abstract

  This study aims to develop an ecological stock-flow consistent (SFC) model based on the Latin American–stylized facts regarding economic, financial, and environmental features. We combine the macro-financial theoretical framework by…more

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• Working Paper No. 904
  May 01, 2018

  Corporate Debt in Latin America and its Macroeconomic Implications

  Nicole Favreau-Negront, Luis Méndez Lobos, and Esteban Pérez-Caldentey
  Abstract

  This paper provides an empirical analysis of nonfinancial corporate debt in six large Latin American countries (Argentina, Brazil, Chile, Colombia, Mexico, and Peru), distinguishing between bond-issuing and non-bond-issuing firms, and…more

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• Working Paper No. 847
  October 16, 2015

  Integration, Spurious Convergence, and Financial Fragility

  Matías Vernengo and Esteban Pérez-Caldentey
  Abstract

  The Spanish crisis is generally portrayed as resulting from excessive spending by households, associated with a housing bubble and/or excessive welfare spending beyond the economic possibilities of the country. We…more

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• Working Paper No. 775
  September 26, 2013

  Wage and Profit-led Growth

  Matías Vernengo and Esteban Pérez-Caldentey
  Abstract

  We argue that a fundamental difference between Post-Keynesian approaches to economic growth lies in their treatment of investment. Kaleckian-Robinsonian models postulate an investment function dependent on the accelerator and profitability….more

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• Working Paper No. 749
  January 30, 2013

  Weak Expansions

  Daniel Titelman, Pablo Carvallo, and Esteban Pérez-Caldentey
  Abstract

  Using two standard cycle methodologies (classical and deviation cycle) and a comprehensive sample of 83 countries worldwide, including all developing regions, we show that the Latin American and Caribbean cycle…more

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• Working Paper No. 728
  July 13, 2012

  Toward an Understanding of Crises Episodes in Latin America

  Matías Vernengo and Esteban Pérez-Caldentey
  Abstract

  Conventional wisdom about the business cycle in Latin America assumes that monetary shocks cause deviations from the optimal path, and that the triggering factor in the cycle is excess credit…more

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• Working Paper No. 728
  July 13, 2012

  Η κατανόηση των κρίσεων στη Λατινική Αμερική

  Matías Vernengo and Esteban Pérez-Caldentey
  Abstract

  Η συμβατική σοφία σχετικά με τους επιχειρηματικούς κύκλους στη Λατινική Αμερική υποθέτει ότι οι νομισματικοί κλυδωνισμοί προκαλούν αποκλίσεις από τη βέλτιστη πορεία και ότι ο παράγοντας ενεργοποίησης του κύκλου είναι…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 728 PDF (854.26 KB)