This paper estimates and analyzes the dynamics of trend inflation, as well as the persistence and volatility of the inflation gap, in the Pacific Alliance countries (Chile, Colombia, Mexico, and Peru). The econometric ...

Retail prices for a product vary across time and places. The sources that drive price dispersion can be grouped into three categories: (i) price differences across markets, (ii) price differences across stores in a market, ...

This paper examines inconsistencies in the decision-making of a sample of 2,248 adolescents from El Salvador when completing two classic experiments: temporal discounting and risk preferences. Inconsistency in responses ...

Visual Continuous Time Preferences (VCTP) is a novel tool for measuring time preferences that synthesizes the simplicity of Multiple Price List (MPL) and the precision of Convex Time Budget (CTB) tasks. We evaluate this ...

Dishonesty harms economic performance and growth. However, the literature on dishonesty has used almost exclusively samples from developed countries. In addition, previous studies present non-conclusive results on how ...

Two consistent findings from the experimental literature on public good games are that cooperation declines over time and cooperation is lower in countries with weak institutions. These findings, however, are primarily ...

Utilizing logit econometric models, this paper investigates the primary factors contributing to the onset ofbanking, inflation, and foreign exchange reserve crises in Bolivia. The analysis reveals that banking crises are ...

This study follows recent developments in the literature using Twitter, now known as X, to measure inflation perceptions. By applying machine learning techniques, we implement two real-time indicators of inflation perception ...

Behavioral biases often lead to suboptimal decisions, a vulnerability that extends to policymakers who opérate under conditions of fatigue, stress, and time constraints, with significant implications for public welfare. ...

Evidence that information campaigns help citizens elect better politicians is mixed. We investigate whether comparative performance information and public dissemination can enhance information’s effects on electoral ...