3 papers
econ.GN2026
Algorithmic Intermediation and the International Transmission of U.S. Monetary Policy
Fernando Toledo, Luis Dimotta Bré, Gabriel Montes-Rojas
This paper examines how algorithmic and AI-driven fund management shapes the international transmission of U.S. monetary policy to emerging markets. It argues that the key source o…
econ.GN2026
Cheaper AI, More Informality? A Dual Labor Market Model for Developing Economies
Gabriel Montes-Rojas, Fernando Toledo, Juan Manuel Rodríguez Repeti
This paper studies what happens when AI gets cheaper, with emphasis on the labor market outcomes, whether it creates formal jobs or whether it pushes workers into informality. We a…
econ.GN2021
Global Financial Cycle, Commodity Terms of Trade and Financial Spreads in Emerging Markets and Developing Economies
Jorge Carrera, Gabriel Montes-Rojas, Fernando Toledo
We study the diffusion of shocks in the global financial cycle and global liquidity conditions to emerging and developing economies. We show that the classification according to th…