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Heartbreak Tango
Awash in small-town gossip, petty jealousy, and intrigues, Manuel Puig's Heartbreak Tango is a comedic assault on the fault lines between the disappointments of the everyday world, and the impossible promises of commercials, pop songs, and movies. This melancholy and hilarious tango concerns the many women in orbit around Juan Carlos Etchepare, an impossibly beautiful Lothario wasting away ever-so-slowly from consumption, while those who loved and were spurned by him move on into workaday lives and unhappy marriages. Part elegy, part melodrama, and part dirty joke, this wicked and charming novel demonstrates Manuel Puig's mastery of both the highest and lowest forms of life and culture.
A Fighting Chance
Seventeen-year-old Miguel Angel spends every minute after school at the Packing Shed, working out with the Alisal Boxing Club. He dreams of becoming a champion so he can get his mother and five siblings out of their cramped one-bedroom apartment in one of Salinas’ poorest barrios. But suddenly his life gets more complicated. The city is threatening to take the Packing Shed away from Coach, and without a place to train he won’t be able to avoid the gangbangers in his neighborhood. His childhood friend, Beto, has succumbed to the wiles of easy money and expensive cars, and Miguel Angel wonders if he’ll be able to resist his friend. Meanwhile, beautiful blonde Britney from Pebble Beach ha...
Shared Capitalism at Work
The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm’s performance, also reflect this new attitude toward labor. Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.
Non-Linear Exchange Rate Pass-Through in Emerging Markets
This paper estimates exchange rate pass-through to consumer prices in emerging markets focusing on non-linearities and asymmetries. We document non-linearities and asymmetries in the transmission of exchange rate fluctuations to prices using local projection techniques to obtain state dependent impulse responses in a panel of 28 emerging markets. We find significant evidence of non-linearities during episodes of depreciation greater than 10 and 20 percent. More specifically, we find that, after one month, the exchange rate pass-through coefficient is equal to 18 and 25 percent respectively, compared to a coefficient of 6 percent in the linear case. We also investigate the role of temporary vs. permanent shocks and the adoption of an inflation targeting regime in the transmission from exchange rate movements to prices. We perform a set of robustness checks, addressing the presence of outliers and potential endogeneity concerns.
1822-1851
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Latin America
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