Ernesto Hernández-Catá It is with much sadness that we report on the passing of Ernesto Hernández-Catá on June 4 in Maryland. Ernesto was a founding member of ASCE who contributed enthusiastically in many ways to the Association. An alumnus of the Graduate Institute in Geneva and Yale, Ernesto was an economist with a distinguished career […]
Explaining Fluctuations in Cuba’s Participation Rate by Ernesto Hernández-Catá
Explaining Fluctuations in Cuba’s Participation Rate Ernesto Hernández-Cata Cuba’s labor force participation rate (the ratio of the labor force to the population of working age) has fluctuated widely over the past three decades The participation rate is important for policy makers because it measures the degree of labor utilization, and therefore the pressure of aggregate […]
The Aftermath of Monetary Reform in Cuba
Luis R. Luis The Cuban economy is being hit by two large shocks. The first is an external shock from the pandemic which shut down tourism and sharpened the impact on Cuba of the collapse of the Venezuelan economy and of U.S. sanctions. The second is a policy shock, the monetary reform or “ordenamiento monetario” […]
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