https://repositorio-digital.cide.edu:443 The CIDE digital repository system captures, stores, indexes, preserves, and distributes digital research material. Sat, 07 Mar 2026 19:48:40 GMT 2026-03-07T19:48:40Z http://hdl.handle.net/11651/6616 Asymmetric inflation persistence in Latin America: evidence from Chile, Colombia and Peru using quantile autoregression analysis This paper investigates asymmetric inflation persistence in Chile, Colombia and Peru using quantile autoregression on monthly data from 1992–2023. Unlike conventional approaches that assume uniform adjustment speeds, this method captures heterogeneous dynamics across the inflation distribution. Results indicate global stationarity but marked asymmetries: positive shocks display substantially greater persistence than negative ones. The unit root hypothesis cannot be rejected at and above the 60th, 70th, and 80th quantiles for Colombia, Chile, and Peru, respectively, implying that high-inflation episodes endure while negative deviations dissipate quickly. Robustness checks controlling for multiple structural breaks show that persistence declined significantly following the adoption of inflation-targeting regimes and improved macroeconomic management, yet asymmetric patterns remain. Findings are robust to alternative steady-state specifications. The evidence supports asymmetric monetary policy responses and offers practical guidance for central banks. Extended analysis for Brazil confirms the prevalence of these asymmetric dynamics. Inflation dynamics, asymmetric persistence, quantile autoregression, unit root tests, Latin America Wed, 04 Mar 2026 00:00:00 GMT http://hdl.handle.net/11651/6616 2026-03-04T00:00:00Z http://hdl.handle.net/11651/6615 Macroeconomic effects of dollarization in El Salvador We examine the effects of dollarization on El Salvador's macroeconomy and test whether they have been consistent with standard theoretical predictions. Our evidence suggests that the answer is mostly affirmative. In particular, consistent with the theory, we find that dollarization reduced both the average inflation rate and inflation volatility in El Salvador. Also consistent with theory, this was accompanied by lower business-cycle volatility and without statistically significant effects on trend growth in El Salvador. Contrary to the "endogeneity" hypothesis, however, El Salvador's originally positive business-cycle correlation with the US decreased (and likely became negative) after dollarization. El Salvador, dollarization, inflation, business cycles Wed, 11 Feb 2026 00:00:00 GMT http://hdl.handle.net/11651/6615 2026-02-11T00:00:00Z http://hdl.handle.net/11651/6614 Drivers of bank credit evolution in Mexican regions during the COVID-19 pandemic This paper examines the impact of supply and demand shocks on the evolution of bank credit to firms across Mexican regions during the COVID-19 pandemic, using a Structural Bayesian Vector Autoregression (SBVAR) model with sign restrictions and data from January 2006 to May 2023. Our results indicate that bank credit to firms rose at the onset of the pandemic, likely due to precautionary motives, but subsequently contracted, particularly in the central region. The analysis shows that demand factors predominantly explained this contraction in the central region, whereas supply factors were more relevant in the northern and north-central regions. This regional divergence may reflect the weaker post-pandemic recovery in the central region and the manufacturing-related cost pressures and input shortages faced in the northern regions. Starting in 2022 and up to May 2023, regional demand shocks played a key role in supporting the recovery of bank credit, especially in the northern and central regions. Supply and demand shocks, bank credit, SBVAR Tue, 10 Feb 2026 00:00:00 GMT http://hdl.handle.net/11651/6614 2026-02-10T00:00:00Z http://hdl.handle.net/11651/6613 Retos y desafíos en la implementación de la educación inclusiva: diagnóstico a nivel de burocracia de calle en Guanajuato y centrada en la comunidad con la Condición del Espectro Autista Esta investigación analiza los retos y desafíos de la educación inclusiva en las escuelas públicas de Guanajuato. Bajo el enfoque de la burocracia a nivel de calle, se examina cómo las incertidumbres sobre la política, la disponibilidad de recursos, las condiciones laborales, y las ideologías respecto a la discapacidad y las condiciones neurodivergentes del personal docente influyen en la implementación de la política. Mediante una metodología cualitativa (un cuestionario dirigido a la comunidad docente y entrevistas a actores estratégicos), se identifica una brecha persistente entre el marco normativo y la realidad escolar. Entre las barreras que limitan el derecho a la educación inclusiva están: el estancamiento en la cobertura de los servicios de apoyo, la falta de recursos especializados, la capacitación insuficiente, la carencia de espacios de diálogo y de redes de apoyo y la presencia de prejuicios capacitistas. El estudio concluye que la inclusión es un proceso colectivo y sistémico, recomendando superar la “trampa de las capacidades institucionales” y adaptar la política a cada contexto local mediante la metodología PDIA, la Gestión Pública Colaborativa entre diversos sectores y actores, así como, la promoción de una cultura de responsividad y empatía para construir entornos educativos más inclusivos y equitativos.; This research analyzes the challenges of inclusive education in public schools in Guanajuato. Using a street-level bureaucracy approach, it examines how uncertainties about policy, resource availability, working conditions, and teaching staff ideologies regarding disability and neurodivergent conditions influence policy implementation. Using a qualitative methodology (a questionnaire for the teaching community and interviews with key players), it identifies a persistent gap between the regulatory framework and the reality in schools. Barriers limiting the right to inclusive education include stagnation in the coverage of support services, lack of specialized resources, insufficient training, lack of spaces for dialogue and support networks, and the presence of ableist prejudices. The study concludes that inclusion is a collective and systemic process, recommending overcoming the “institutional capacity trap” and adapting policy to each local context through the PDIA methodology, collaborative public management among various sectors and actors, and the promotion of a culture of responsiveness and empathy to build more inclusive and equitable educational environments. Thu, 01 Jan 2026 00:00:00 GMT http://hdl.handle.net/11651/6613 2026-01-01T00:00:00Z