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Economía

Vol. 1 (2000/01) through current issue

Economía, a new semi-annual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers from the region to share high-quality research directly applied to policy issues.

Published by: Brookings Institution Press


E-ISSN: 1533-6239
Print ISSN: 1529-7470

Submission Guidelines

Thank you for considering ECONOMIA as an outlet for your research. Please take note of the following points before submitting.

  1. The journal opens two calls for papers during the year: March-May and September-November. Papers are not received off-call.
  2. Our next call for papers will be open for submissions between October 1st and November 13th, 2014. Within that period, send your paper electronically to the Managing Editor Roberto Bernal (economialacea@gmail.com). Authors will receive notification on whether their papers will continue with the editorial process in the week starting November 24th.
  3. We only accept complete papers in English. Submitted papers should neither be previously published nor be under consideration for publication in any other outlet.
  4. The manuscript should include an abstract of 150 or fewer words.
  5. All manuscripts should be submitted in PDF format with 1.5 line spacing and should not exceed 50 pages, including references, figures, and tables. Please use 12-point font, and 1.5 inches margins on all sides.
  6. Please make sure that the front page of the manuscript specifies all your contact information, affiliation, title of the paper and co-authors.
  7. Please indicate in your submission letter which of the following areas better accommodates your paper:
    1. Macroeconomics and international economics
    2. Applied micro
    3. Economic development, technological change and growth
    4. Public economics, political economy, institutions
    5. Agricultural and natural resource economics; environmental issues; urban and regional economics.
  8. Desk-rejection policy: To reduce the processing times of papers that do not fit well with Economia’s Aims and Scope, the associate editor in charge of each paper may desk-reject the manuscript without sending it to external referees. Desk rejection will be decided within three weeks of submission.
  9. Turnover times: We are committed to processing papers as fast as possible. We aim at replying to your original submission within 15 weeks.

Editorial Board

Volume 15, Number 2, Spring 2015

Editors

Raquel Bernal, Universidad de los Andes

Marcela Eslava, Universidad de los Andes

Ugo Panizza, The Graduate Institue, Geneva

Roberto Rigobón, Massachusetts Institute of Technology

Editorial Board

Tito Cordella, World Bank

Guillermo Cruces, Centro de Estudios Distributivos Laborales y Sociales

Gerardo Esquivel Hernandez, El Colegio de México

Eduardo Fernandez-Arias, Inter-American Development Bank

Claudio Ferraz, Pontifícia Universidade Católica do Rio de Janeiro

Samuel Freije, World Bank

Arturo Galindo, Inter-American Development Bank

Bernardo Guimarães, São Paulo School of Economics

Adriana Kugler, Georgetown University

Oscar Landerretche, Universidad de Chile

Alexander Monje-Naranjo, Federal Reserve Bank of St. Louis

Julian Messina Granovsky, World Bank

Hugo Ñopo, Inter-American Development Bank

Claudio Raddatz, Banco Central de Chile

Carlos Scartascini, Inter-American Development Bank

Ernesto Stein, Inter-American Development Bank

Sergio Urzúa, University of Maryland

Volume 15, Number 1, Fall 2014

Editors

Raquel Bernal, Universidad de los Andes
Marcela Eslava, Universidad de los Andes
Ugo Panizza, The Graduate Institue, Geneva
Roberto Rigobón, Massachusetts Institute of Technology

Editorial Board

Tito Cordella, World Bank
Guillermo Cruces, Centro de Estudios Distributivos Laborales y Sociales
Gerardo Esquivel Hernandez, El Colegio de México
Eduardo Fernandez-Arias, Inter-American Development Bank
Claudio Ferraz, Pontifícia Universidade Católica do Rio de Janeiro
Samuel Freije, World Bank
Arturo Galindo, Inter-American Development Bank
Adriana Kugler, Georgetown University
Oscar Landerretche, Universidad de Chile
Hugo Ñopo, Inter-American Development Bank
Claudio Raddatz, Banco Central de Chile
Ernesto Stein, Inter-American Development Bank

Volume 14, Number 2, Spring 2014

Editors

Raquel Bernal, Universidad de los Andes
Marcela Eslava, Universidad de los Andes
Ugo Panizza, The Graduate Institue, Geneva
Roberto Rigobón, Massachusetts Institute of Technology

Editorial Board

Tito Cordella, World Bank
Guillermo Cruces, Centro de Estudios Distributivos Laborales y Sociales
Gerardo Esquivel Hernandez, El Colegio de México
Eduardo Fernandez-Arias, Inter-American Development Bank
Claudio Ferraz, Pontifícia Universidade Católica do Rio de Janeiro
Samuel Freije, World Bank
Arturo Galindo, Inter-American Development Bank
Adriana Kugler, Georgetown University
Oscar Landerretche, Universidad de Chile
Hugo Ñopo, Inter-American Development Bank
Claudio Raddatz, Banco Central de Chile
Ernesto Stein, Inter-American Development Bank

Volume 14, Number 1, Fall 2013

Editors

Raquel Bernal, Universidad de los Andes
Marcela Eslava, Universidad de los Andes
Ugo Panizza, The Graduate Institue, Geneva
Roberto Rigobón, Massachusetts Institute of Technology

Editorial Board

Tito Cordella, World Bank
Guillermo Cruces, Centro de Estudios Distributivos Laborales y Sociales
Gerardo Esquivel Hernandez, El Colegio de México
Eduardo Fernandez-Arias, Inter-American Development Bank
Claudio Ferraz, Pontifícia Universidade Católica do Rio de Janeiro
Samuel Freije, World Bank
Arturo Galindo, Inter-American Development Bank
Adriana Kugler, Georgetown University
Oscar Landerretche, Universidad de Chile
Hugo Ñopo, Inter-American Development Bank
Claudio Raddatz, Banco Central de Chile
Ernesto Stein, Inter-American Development Bank

Volume 13, Number 2, Spring 2013

Editors

Raquel Bernal, Universidad de los Andes
Marcela Eslava, Universidad de los Andes
Ugo Panizza, The Graduate Institue, Geneva
Roberto Rigobón, Massachusetts Institute of Technology

Editorial Board

Tito Cordella, World Bank
Guillermo Cruces, Centro de Estudios Distributivos Laborales y Sociales
Gerardo Esquivel Hernandez, El Colegio de México
Eduardo Fernandez-Arias, Inter-American Development Bank
Claudio Ferraz, Pontifícia Universidade Católica do Rio de Janeiro
Samuel Freije, World Bank
Arturo Galindo, Inter-American Development Bank
Adriana Kugler, Georgetown University
Oscar Landerretche, Universidad de Chile
Hugo Ñopo, Inter-American Development Bank
Claudio Raddatz, Banco Central de Chile
Ernesto Stein, Inter-American Development Bank

Volume 13, Issue 1, Fall 2012

Editor

Roberto Rigobon, Massachusetts Institute of Techonology

Editorial Associate

Jennifer Hoover

Managing Editor

Catherine Mathieu-Canuto

Editorial Board

Raquel Bernal, Universidad de los Andes
Tito Cordella, World Bank
Kevin Cowan, Central Bank, Chile
Rafael Di Tella, Harvard University
Marcela Eslava, Universidad de los Andes
Eduardo Fernandez-Arias, Inter-American Development Bank
Samuel Freije, World Bank
Adriana Kugler, University of Houston
Catherine Mathieu-Canuto, Economía
Juan Pablo Montero, Pontificia Universidad Católica de Chile
Carmen Pagés-Serra, Inter-American Development Bank
Ugo Panizza, United Nations Conference on Trade and Development
Claudio Raddatz, World Bank
Roberto Rigobon, Massachusetts Institute of Technology

Volume 12, Number 2, Spring 2012

Editor

Roberto Rigobon, Massachusetts Institute of Techonology

Editorial Associate

Jennifer Hoover

Managing Editor

Catherine Mathieu-Canuto

Editorial Board

Raquel Bernal, Universidad de los Andes
Tito Cordella, World Bank
Kevin Cowan, Central Bank, Chile
Rafael Di Tella, Harvard University
Marcela Eslava, Universidad de los Andes
Eduardo Fernandez-Arias, Inter-American Development Bank
Samuel Freije, World Bank
Adriana Kugler, University of Houston
Catherine Mathieu-Canuto, Economía
Juan Pablo Montero, Pontificia Universidad Católica de Chile
Carmen Pagés-Serra, Inter-American Development Bank
Ugo Panizza, United Nations Conference on Trade and Development
Claudio Raddatz, World Bank
Roberto Rigobon, Massachusetts Institute of Technology

Volume 12, Number 1, Fall 2011

Editor

Roberto Rigobon, Massachusetts Institute of Techonology

Editorial Associate

Jennifer Hoover

Managing Editor

Catherine Mathieu-Canuto

Editorial Board

Raquel Bernal, Universidad de los Andes
Tito Cordella, World Bank
Kevin Cowan, Central Bank, Chile
Rafael Di Tella, Harvard University
Marcela Eslava, Universidad de los Andes
Eduardo Fernandez-Arias, Inter-American Development Bank
Samuel Freije, World Bank
Adriana Kugler, University of Houston
Catherine Mathieu-Canuto, Economía
Juan Pablo Montero, Pontificia Universidad Católica de Chile
Carmen Pagés-Serra, Inter-American Development Bank
Ugo Panizza, United Nations Conference on Trade and Development
Claudio Raddatz, World Bank
Roberto Rigobon, Massachusetts Institute of Technology

Volume 11, Number 2, Spring 2011

Editor

Roberto Rigobon, Massachusetts Institute of Techonology

Editorial Associate

Jennifer Hoover

Managing Editor

Catherine Mathieu-Canuto

Editorial Board

Raquel Bernal, Universidad de los Andes
Tito Cordella, World Bank
Kevin Cowan, Central Bank, Chile
Rafael Di Tella, Harvard University
Marcela Eslava, Universidad de los Andes
Eduardo Fernandez-Arias, Inter-American Development Bank
Samuel Freije, World Bank
Adriana Kugler, University of Houston
Catherine Mathieu-Canuto, Economía
Juan Pablo Montero, Pontificia Universidad Católica de Chile
Carmen Pagés-Serra, Inter-American Development Bank
Ugo Panizza, United Nations Conference on Trade and Development
Claudio Raddatz, World Bank
Roberto Rigobon, Massachusetts Institute of Technology

Volume 11, Number 1, Fall 2010

Editor

Roberto Rigobon, Massachusetts Institute of Techonology

Editorial Associate

Jennifer Hoover

Managing Editor

Catherine Mathieu-Canuto

Editorial Board

Raquel Bernal, Universidad de los Andes
Tito Cordella, World Bank
Kevin Cowan, Central Bank, Chile
Rafael Di Tella, Harvard University
Marcela Eslava, Universidad de los Andes
Eduardo Fernandez-Arias, Inter-American Development Bank
Samuel Freije, World Bank
Adriana Kugler, University of Houston
Catherine Mathieu-Canuto, Economía
Juan Pablo Montero, Pontificia Universidad Católica de Chile
Carmen Pagés-Serra, Inter-American Development Bank
Ugo Panizza, United Nations Conference on Trade and Development
Claudio Raddatz, World Bank
Roberto Rigobon, Massachusetts Institute of Technology

Volume 10, Number 2, Spring 2010

Editor

Roberto Rigobon, Massachusetts Institute of Techonology

Editorial Associate

Jennifer Hoover

Managing Editor

Catherine Mathieu-Canuto

Editorial Board

Raquel Bernal, Universidad de los Andes
Tito Cordella, World Bank
Kevin Cowan, Central Bank, Chile
Rafael Di Tella, Harvard University
Marcela Eslava, Universidad de los Andes
Eduardo Fernandez-Arias, Inter-American Development Bank
Samuel Freije, World Bank
Adriana Kugler, University of Houston
Catherine Mathieu-Canuto, Economía
Juan Pablo Montero, Pontificia Universidad Católica de Chile
Carmen Pagés-Serra, Inter-American Development Bank
Ugo Panizza, United Nations Conference on Trade and Development
Claudio Raddatz, World Bank
Roberto Rigobon, Massachusetts Institute of Technology

Volume 10, Number 1, Fall 2009

Editor

Roberto Rigobon, Massachusetts Institute of Techonology

Editorial Associate

Jennifer Hoover

Managing Editor

Catherine Mathieu-Canuto

Editorial Board

Raquel Bernal, Universidad de los Andes
Tito Cordella, World Bank
Kevin Cowan, Central Bank, Chile
Rafael Di Tella, Harvard University
Marcela Eslava, Universidad de los Andes
Eduardo Fernandez-Arias, Inter-American Development Bank
Samuel Freije, World Bank
Adriana Kugler, University of Houston
Catherine Mathieu-Canuto, Economía
Juan Pablo Montero, Pontificia Universidad Católica de Chile
Carmen Pagés-Serra, Inter-American Development Bank
Ugo Panizza, United Nations Conference on Trade and Development
Claudio Raddatz, World Bank
Roberto Rigobon, Massachusetts Institute of Technology

Volume 9, Number 2, Spring 2009

Editors

Eduardo Engel (Yale University)
Francisco Ferreira (World Bank)
Roberto Rigobon (MIT)

Editorial Associate

Jennifer Hoover

Editorial Board

Guillermo Calvo (ex officio), University of Maryland
Sebastián Edwards (ex officio), University of California, Los Angeles
Eduardo Engel, Universidad de Chile
Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
Raquel Fernández, New York University
Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
Hugo Hopenhayn, Universidad Torcuato di Tella
Florencio López de Silanes, Harvard University
Nora Lustig, Inter-American Development Bank and World Bank
Carmen Reinhart, University of Maryland
Roberto Steiner, Universidad de Los Andes
Carlos Végh, University of California, Los Angeles

Economia Panel for Volume 1

Abhijit Banerjee, Massachusetts Institute of Technology
Francois Bourguignon, DELTA
Jeffrey A. Frankel, Harvard University
Pablo Guidotti, Universidad Torcuato di Tella
Graciela Kaminsky, George Washington University
Enrique G. Mendoza, Duke University
Ernesto Talvi, CERES-Uruguay
Mariano Tommasi, Universidad de San Andrés and CEDI

Authors and Discussants

François Bourguignon, DELTA
Ricardo Caballero, Massachusetts Institute of Technology
Alejandra Cox Edwards, California State University, Long Beach
Pablo Fajnzylber, Universidade Federal de Minas Gerais
Ronald Fischer, Universidad de Chile
Albert Fishlow, Violy, Byorum, and Partners
Jeffrey A. Frankel, Harvard University
Alejandro Gaviria, Inter-American Development Bank
Pablo Guidotti, Universidad Torcuato di Tella
James Heckman, University of Chicago
William W. Hogan, Harvard University
Paul L. Joskow, Massachusetts Institute of Technology
Daniel Lederman, Johns Hopkins University
Norman Loayza, Banco Central de Chile
Nora Lustig, Inter-American Development Bank and World Bank
Enrique G. Mendoza, Duke University
Carmen Pagés-Serra, Inter-American Development Bank
Peter Reuter, University of Maryland
John Roman, Urban Institute
Pablo Serra, Universidad de Chile

Latin American and Caribbean Economic Association Officers

President

Guillermo Calvo, University of Maryland

Vice President

Sebastián Edwards, University of California, Los Angeles

Past Presidents

Nora Lustig, Inter-American Development Bank and World Bank
Albert Fishlow, Violy, Byorum, and Partners

Secretary

Ariel Fiszbein, World Bank

Treasurer

Enrique Mendoza, Duke University

Executive Committee

Nancy Birdsall, Carnegie Endowment for International Peace
Mauricio Cárdenas
Eliana Cardoso, World Bank
José de Gregorio, Universidad de Chile
Ricardo Hausmann, Harvard University
Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
Jaime Ros, Kellog Institute for International Economics
Federico Sturzenegger, Universidad Torcuato di Tella
Ernesto Talvi, CERES-Uruguay
Mariano Tommasi, Universidad de San Andrés and CEDI
Carlos Végh, University of California, Los Angeles
Andrés Velasco, Harvard University and Universidad de Chile

Volume 9, Number 1, Fall 2008

Editors

Eduardo Engel (Yale University)
Francisco Ferreira (World Bank)
Roberto Rigobon (MIT)

Editorial Associate

Jennifer Hoover

Editorial Board

Guillermo Calvo (ex officio), University of Maryland
Sebastián Edwards (ex officio), University of California, Los Angeles
Eduardo Engel, Universidad de Chile
Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
Raquel Fernández, New York University
Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
Hugo Hopenhayn, Universidad Torcuato di Tella
Florencio López de Silanes, Harvard University
Nora Lustig, Inter-American Development Bank and World Bank
Carmen Reinhart, University of Maryland
Roberto Steiner, Universidad de Los Andes
Carlos Végh, University of California, Los Angeles

Economia Panel for Volume 1

Abhijit Banerjee, Massachusetts Institute of Technology
Francois Bourguignon, DELTA
Jeffrey A. Frankel, Harvard University
Pablo Guidotti, Universidad Torcuato di Tella
Graciela Kaminsky, George Washington University
Enrique G. Mendoza, Duke University
Ernesto Talvi, CERES-Uruguay
Mariano Tommasi, Universidad de San Andrés and CEDI

Authors and Discussants

François Bourguignon, DELTA
Ricardo Caballero, Massachusetts Institute of Technology
Alejandra Cox Edwards, California State University, Long Beach
Pablo Fajnzylber, Universidade Federal de Minas Gerais
Ronald Fischer, Universidad de Chile
Albert Fishlow, Violy, Byorum, and Partners
Jeffrey A. Frankel, Harvard University
Alejandro Gaviria, Inter-American Development Bank
Pablo Guidotti, Universidad Torcuato di Tella
James Heckman, University of Chicago
William W. Hogan, Harvard University
Paul L. Joskow, Massachusetts Institute of Technology
Daniel Lederman, Johns Hopkins University
Norman Loayza, Banco Central de Chile
Nora Lustig, Inter-American Development Bank and World Bank
Enrique G. Mendoza, Duke University
Carmen Pagés-Serra, Inter-American Development Bank
Peter Reuter, University of Maryland
John Roman, Urban Institute
Pablo Serra, Universidad de Chile

Latin American and Caribbean Economic Association Officers

President

Guillermo Calvo, University of Maryland

Vice President

Sebastián Edwards, University of California, Los Angeles

Past Presidents

Nora Lustig, Inter-American Development Bank and World Bank
Albert Fishlow, Violy, Byorum, and Partners

Secretary

Ariel Fiszbein, World Bank

Treasurer

Enrique Mendoza, Duke University

Executive Committee

Nancy Birdsall, Carnegie Endowment for International Peace
Mauricio Cárdenas
Eliana Cardoso, World Bank
José de Gregorio, Universidad de Chile
Ricardo Hausmann, Harvard University
Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
Jaime Ros, Kellog Institute for International Economics
Federico Sturzenegger, Universidad Torcuato di Tella
Ernesto Talvi, CERES-Uruguay
Mariano Tommasi, Universidad de San Andrés and CEDI
Carlos Végh, University of California, Los Angeles
Andrés Velasco, Harvard University and Universidad de Chile

Volume 8, Number 2, Spring 2008

    Editors

    Eduardo Engel (Yale University)
    Francisco Ferreira (World Bank)
    Roberto Rigobon (MIT)

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 8, Number 1, Fall 2007

    Editors

    Eduardo Engel (Yale University)
    Francisco Ferreira (World Bank)
    Roberto Rigobon (MIT)

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 7, Number 2, Spring 2007

    Editors

    Eduardo Engel (Yale University)
    Francisco Ferreira (World Bank)
    Roberto Rigobon (MIT)

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 7, Number 1, Fall 2006

    Editors

    Eduardo Engel (Yale University)
    Francisco Ferreira (World Bank)
    Roberto Rigobon (MIT)

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 6, Number 2, Spring 2006

    Editors

    Eduardo Engel (Yale University)
    Francisco Ferreira (World Bank)
    Roberto Rigobon (MIT)

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 6, Number 1, Fall 2005

    Editors

    Eduardo Engel (Yale University)
    Francisco Ferreira (World Bank)
    Roberto Rigobon (MIT)

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 5, Number 2, Spring 2005

    Editor

    Andrés Velasco, Harvard University and Universidad de Chile

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 5, Number 1, Fall 2004

    Editor

    Andrés Velasco, Harvard University and Universidad de Chile

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 4, Number 2, Spring 2004

    Editor

    Andrés Velasco, Harvard University and Universidad de Chile

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 4, Number 1, Fall 2003

    Editor

    Andrés Velasco, Harvard University and Universidad de Chile

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 3, Number 2, Spring 2003

    Editor

    Andrés Velasco, Harvard University and Universidad de Chile

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 3, Number 1, Fall 2002

    Editor

    Andrés Velasco, Harvard University and Universidad de Chile

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 2, Number 2, Spring 2002

    Editor

    Andrés Velasco, Harvard University and Universidad de Chile

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 2, Number 1, Fall 2001

    Editor

    Andrés Velasco, Harvard University and Universidad de Chile

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 1, Number 2, Spring 2001

    Editor

    Andrés Velasco, Harvard University and Universidad de Chile

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

Volume 1, Number 1, Fall 2000

    Editor

    Andrés Velasco, Harvard University and Universidad de Chile

    Editorial Associate

    Jennifer Hoover

    Editorial Board

    Guillermo Calvo (ex officio), University of Maryland
    Sebastián Edwards (ex officio), University of California, Los Angeles
    Eduardo Engel, Universidad de Chile
    Francisco Ferreira, Pontificia Universidade Catolica, Rio de Janeiro
    Raquel Fernández, New York University
    Ilan Goldfajn, Central Bank of Brazil and Pontificia Universidade Catolica, Rio de Janeiro
    José de Gregorio, Ministry of the Economy, Chile, and Universidad de Chile
    Hugo Hopenhayn, Universidad Torcuato di Tella
    Florencio López de Silanes, Harvard University
    Nora Lustig, Inter-American Development Bank and World Bank
    Carmen Reinhart, University of Maryland
    Roberto Steiner, Universidad de Los Andes
    Carlos Végh, University of California, Los Angeles

    Economia Panel for Volume 1

    Abhijit Banerjee, Massachusetts Institute of Technology
    Francois Bourguignon, DELTA
    Jeffrey A. Frankel, Harvard University
    Pablo Guidotti, Universidad Torcuato di Tella
    Graciela Kaminsky, George Washington University
    Enrique G. Mendoza, Duke University
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI

    Authors and Discussants

    François Bourguignon, DELTA
    Ricardo Caballero, Massachusetts Institute of Technology
    Alejandra Cox Edwards, California State University, Long Beach
    Pablo Fajnzylber, Universidade Federal de Minas Gerais
    Ronald Fischer, Universidad de Chile
    Albert Fishlow, Violy, Byorum, and Partners
    Jeffrey A. Frankel, Harvard University
    Alejandro Gaviria, Inter-American Development Bank
    Pablo Guidotti, Universidad Torcuato di Tella
    James Heckman, University of Chicago
    William W. Hogan, Harvard University
    Paul L. Joskow, Massachusetts Institute of Technology
    Daniel Lederman, Johns Hopkins University
    Norman Loayza, Banco Central de Chile
    Nora Lustig, Inter-American Development Bank and World Bank
    Enrique G. Mendoza, Duke University
    Carmen Pagés-Serra, Inter-American Development Bank
    Peter Reuter, University of Maryland
    John Roman, Urban Institute
    Pablo Serra, Universidad de Chile

    Latin American and Caribbean Economic Association Officers

    President

    Guillermo Calvo, University of Maryland

    Vice President

    Sebastián Edwards, University of California, Los Angeles

    Past Presidents

    Nora Lustig, Inter-American Development Bank and World Bank
    Albert Fishlow, Violy, Byorum, and Partners

    Secretary

    Ariel Fiszbein, World Bank

    Treasurer

    Enrique Mendoza, Duke University

    Executive Committee

    Nancy Birdsall, Carnegie Endowment for International Peace
    Mauricio Cárdenas
    Eliana Cardoso, World Bank
    José de Gregorio, Universidad de Chile
    Ricardo Hausmann, Harvard University
    Ricardo Paes de Barros, Instituto de Pesquisa Economica Aplicada
    Jaime Ros, Kellog Institute for International Economics
    Federico Sturzenegger, Universidad Torcuato di Tella
    Ernesto Talvi, CERES-Uruguay
    Mariano Tommasi, Universidad de San Andrés and CEDI
    Carlos Végh, University of California, Los Angeles
    Andrés Velasco, Harvard University and Universidad de Chile

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