New Economics Papers
on Central and South America
Issue of 2007‒06‒30
two papers chosen by

  1. Cross-Country Estimates of the Degree of Fiscal Dominance and Central Bank Independence By Carlos de Resende
  2. Poverty Dynamics in Peru 2001-2003: A Probit Model Analysis By Gambetta Podesta, Renzo

  1. By: Carlos de Resende
    Abstract: This paper studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level ...
    Keywords: Central bank research; Fiscal policy; Inflation: costs and benefits
    JEL: E31 E42 E50 E63
    Date: 2007
  2. By: Gambetta Podesta, Renzo
    Abstract: The objectives of this paper consist on two main parts:a descriptive one and an explanatory one. For the first part I used transition matrices to identify people who entered and left the poverty line in Peru between 2001-2003.Probabilistic regressions models were used to explain the main determinants of poverty dynamics. Changes in house members, decrease of active members,changes in years of schooling and changes in the access of essential public services play an important role to explain the dynamics poverty in Peru in those years. Otherwise,just only 28% of the households were never poor,15% were poor for once and 38% were always poor. This document also tries to explain that poverty in Peru can not be treated like a static process and the public policies never be focus in established profiles of poverty in a unique period of time, they have to be in constant checking.
    Keywords: Poverty Dynamics; Transition Matrix; Regression Probit Model
    JEL: I32
    Date: 2007–03–15

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