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Economy

The Mental Toll of the Pandemic

For over a year, no topic has been more analyzed and discussed than the COVID-19 crisis, both by academics and scientists as well as by people in their day-to-day lives.
In each of these conversations about the pandemic, there is one topic that stands out above the rest: how deadly this new virus really is – as all of us have a family member, friend, or acquaintance who has been a victim of this tragic disease.

The COVID-19 Crisis and the Consumer Price Index in Spain

In this week’s column, Jorge Jraissati studies the relationship between the COVID-19 crisis and the consumer price index in Spain. Jorge has been hearing anecdotes about price increases in Spain, which contradicts the macroeconomic indicators of the country.

Venezuela will Deepen its Implicit Dollarization in 2021

In the middle of the biggest economic collapse of any nation in modern times, Venezuela is experiencing a fundamental, and perhaps irreversible, change within its economic system. Since 2019, Venezuela has been driving full throttle towards an economic phenomenon, which I refer to as implicit dollarization.

A Note on Development

The main constraint for growth in Venezuela is not related to market failures nor any purely economic issue, but to the political institutions of the country. As a result, Venezuela exemplifies that the economic issues of most nations are a result of their bad governance.

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