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 […]
Inflation and Macro Policies in Cuba
After moderate price increases in the last two decades the 2300% devaluation of the peso in January 2021 and lax macro policies brought high inflation to Cuba which is cutting real salaries and wages. Hyperinflation followed the tarea ordenamiento or monetary reform aimed at erasing the overvaluation of the peso while unifying the CUP and […]
Handling the Dollar Crunch in Cuba
Handling the Dollar Crunch in Cuba Luis R. Luis Cuba suffers from a long-standing dollar liquidity crisis, a symptom of deep problems in the economy. Sadly the crisis does not appear to reach bottom. Indeed a mix of inadequate policies and adverse external events in the last three years has led to falling production and […]
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