Macroeconomic Analysis and Trade

The group integrates the research lines of macroeconomic analysis and international trade and seeks to analyze the behavior of the Uruguayan economy from these perspectives.

It studies the following national and regional economic problems using a macroeconomic approach: diagnosis and characterization and forecast of economic growth and its determinants, labor market, foreign trade, tourism, inflation, and competitiveness. More recently, the group has ventured into behavioral macroeconomics related to research on economic expectations, economic sentiment indicators, and uncertainty. Along these lines, the group has prepared periodic diagnoses of the current situation of the Uruguayan economy, analyzing the main trends, identifying their causal factors, and projecting their evolution in the short term.

Studies on the labor market from a macroeconomic perspective have centered on the study of the relationship between unemployment and economic activity, as well as its determinants and the generation of employment, from two perspectives: occupational quality and labor demand factors

International trade research focuses on the impact of international trade and foreign direct investment on company profits and the labor market. The impact of trade and foreign investment on firm productivity, the quality of imported and exported commodities from other nations, horizontal and vertical spillovers of multinational enterprises, and export promotion policies are just a few topics covered. In addition, it concentrates on the impacts of trade, outsourcing, technological progress and innovation on the workforce, along with the level and structure of wages.

Lines of Research:

Macroeconomic analysis and forecasting of the Uruguayan economy

Applications of behavioral economics for macroeconomic analysis and forecasting in Uruguay

International trade and Foreign direct investment (FDI)

The labor market from a macroeconomic perspective

Brazil: economics and politics

Trade: impact on productivity and employment at the company level

Members