Macroeconomics and Economic Policy

What is studied in Macroeconomics and Economic Policy?

In recent years, the national economy has experienced one of its best performances at a regional level. This area of ​​study, focused on one of the main indicators of development of the country, seeks to identify the effects of economic policy on growth, the financial sector, and the external balance.

The research includes the analysis of trends experienced by the Peruvian economy and their relationship with global economics. From this, it aims to outline more accurate projections for the future and proposals for improving its performance in constantly changing scenarios.

Its researchers have conducted studies on monetary policy, budgetary transparency, international financial crisis, private pension system reforms, among other topics. Their contributions are always a benchmark in the debate on economic policy in Peru.​

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Distribución del ingreso, financiarización y crisis en América Latina (“Income distribution, financialization, and the crisis in Latin America”)

Researcher (es) : germán alarco tosoni

Research area : Macroeconomics and Economic Policy

Building on the results of previous research, the project explores both the factorial study on income distribution and personal distribution. It also adds to the distributional problem the analysis of financial phenomena known as "financialization" that, according to post-Keynesian logic, help explain the level of economic activity and crises. Thus, both high inequality and "financialization" are both cause and consequence of various economic phenomena. What is "financialization"? How can it help generate economic crises? Is there evidence of such crises in Latin America? How have the increase in inequality and "financialization" generated crises in several economies in the region? These are some of the questions of the project, which aims to analyze these issues for the Peruvian economy and for Latin America between 1950 and 2014.

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El sistema previsional y el ahorro personal en el Perú (“The pension plan and personal saving in Peru”)

Researcher (es) : luis bruno seminario de marzi; maría amparo cruz-saco oyague

Research area : Macroeconomics and Economic Policy

In order to continue and expand the research work around the Peruvian pension plan, it is important to calculate the level of personal saving in a historical way. This is because the pension plan based on mandatory saving in our economy has as one of its main arguments the low level of saving at the individual level, which compromises the economic stability of older adults. Finally, forecasts of current pension plans (contributory and non-contributory) are of vital importance for assessing the actuarial sustainability of the ONP (“public plan”) and the efficiency and adequacy of the ONP, the AFP (private pension fund) and Pensión 65 (subsidised pension scheme for poor elderly Peruvians). While it has forecasts of the private pension fund (AFP), these will be refined with appropriate estimates of mortality tables at the departmental level and forecasts of contribution and coverage for the ONP and Pensión 65.

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Coordinator of the Macroeconomics and Economic Policy Area at the Research Center, director of the Master in Economics at the Graduate School and professor at Universidad del Pacífico Academic Department of Economics. He is a Ph.D. and MA. in Economics from Brown University (USA) and holds a Licentiate Title in Economics from Universidad del Pacífico.​

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