Mridula Duggal and Luis E. Rojas develop a theoretical framework on the success of Chile and Colombia during their battle against high inflation in the 1990s. Their research provides valuable insights into how central banks with limited credibility and independent monetary policy can manage the tradeoff between low inflation and associated output losses.
Alberto Martin, Sergio Mayordomo, and Victoria Vanasco show that private banks have distorted incentives when deciding how to allocate public credit guarantees.
Martín Brun, Conchita D’Ambrosio, Ada Ferrer-i-Carbonell and Xavier Ramos analyse individuals’ preferences for vaccine-distribution schemes in the World, the EU, and their country of residence that emphasise circumstances rather than outcomes or effort.
Libertad González, Luis Guirola, and Blanca Zapater study the effect of unexpected election results on fertility outcomes, using administrative data on births and abortions for Spain.