nep-lam New Economics Papers
on Central and South America
Issue of 2011‒04‒30
two papers chosen by
Maximo Rossi
University of the Republic

  1. Inflation Targeting in Brazil, Chile and South Africa: An Empirical Investigation of Their Monetary Policy Framework By Mona Kamal
  2. Trabajo y educación de niñas, niños y adolescentes en América Latina y el Caribe By Jorge A. Paz; Carolina Piselli

  1. By: Mona Kamal
    Abstract: This paper tackles the monetary policy performance in Brazil, Chile and South Africa under inflation targeting framework. Furthermore, it provides an empirical assessment through using the unrestricted Vector Auto-regression (VAR) and Structural Vector Auto-regression (SVAR) approaches depending on data spans the period from the first quarter of 1970 to the fourth quarter of 2007. On the other hand, it utilizes the Likelihood Ratio (LR) Statistic to test for possible structural changes due to the adoption of inflation targeting regime in those countries. The main findings are as follows: inflation targeting does make a difference in the performance of monetary policy in those countries. Furthermore, the experience of Brazil, Chile and South Africa provides important lessons for other emerging market economies to adopt such a framework.
    Keywords: Monetary policy, Vector Auto-regression (VAR), Structural Vector Auto-regression (SVAR) approach, Inflation Targeting Framework.
    JEL: E52 E58
    Date: 2010–11–01
    URL: http://d.repec.org/n?u=RePEc:wdi:papers:2010-1004&r=lam
  2. By: Jorge A. Paz (CONICET-IELDE); Carolina Piselli (IELDE)
    Abstract: El trabajo realizado por las niñas, niños y adolescentes es señalado en la literatura como uno de los factores con mayor impacto sobre el abandono escolar y el rendimiento académico. Si bien existe evidencia de esta relación todavía hay mucho que aportar debido a su ambigüedad relativa: Muchos estudios muestran también que el trabajo de niñas, niños y jóvenes resulta un complemento (y no un sustituto) de su formación. En este trabajo se analizan los determinantes de la asistencia escolar y del trabajo infantil y adolescente y la relación entre ambas actividades, usando datos de 9 países de la región entre principios y mediados de la presente década. Se concluye que existe un trade-off importante entre el estudio y el trabajo y que dicho trade-off es mayor entre los varones.
    Keywords: Trabajo infantil, Educación y trabajo, América Latina
    JEL: D11 I3 J15
    Date: 2010–12
    URL: http://d.repec.org/n?u=RePEc:slt:wpaper:6&r=lam

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