Res authors Detail

LÍDER TÉCNICO PRINCIPAL
ERNESTO STEIN
ERNESTO STEIN

Ernesto Stein is Principal Economist at the IDB’s Research Department. He has previously been the IDB’s Regional Economic Advisor in the Country Department of Belize, Central America, Mexico, Panama and the Dominican Republic, and a Growth Fellow at Harvard University’s Center for International Development. He has published extensively on issues of international trade and integration, foreign direct investment, productive development policies, institutional economics and political economy. A native of Argentina, he holds a Ph.D. in Economics from the University of California at Berkeley.

LATEST OPINION PIECES

Has the Pandemic Peaked in Latin American Countries?

For a recent report on ending lockdowns in Latin America, our colleagues here at the Inter-American Development Bank collected recommendations from different international organizations (including the World Health Organization and the European Commission), governments, and think tanks on how and when to begin reopening economies. Although there are important differences between the proposals, there are […]

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How the Public Sector Can Coordinate Increasing Domestic Production of the Supplies Crucial for Handling Covid-19

One of the biggest problems faced by developing countries in handling the pandemic has been shortages of equipment and supplies for diagnostic testing of the population suspected of infection; for treating patients with the most severe infections; and for protecting healthcare workers. As the number of Covid-19 cases has increased, countries are demanding more medical […]

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Coronavirus: The Logic of Serological Testing

A few weeks ago, I wrote a post for this blog discussing the Imperial College’s COVID-19 model, the model that has had the most significant impact on the public policy response to this virus. The post looked at the consequences—terrifying, for sure—of doing nothing, along with the impact of a series of mitigation and suppression […]

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The Spread of the Novel Coronavirus outside China

Updated May 21, 2020 On December 31, 2019, China reported to the WHO several cases of pneumonia of unknown origin in Wuhan,  Hubei province. A week later, on January 7, officials determined that these cases were caused by a novel coronavirus. The virus spread very rapidly, first within Wuhan and Hubei province, then to the […]

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A Sharing Economy for Mechanical Ventilators

From Wuhan to Italy, one of the most serious problems associated with COVID-19 has been the lack of intensive care units (ICUs), mechanical ventilators, and staff trained to operate them. In both cases (and notwithstanding China’s astonishing expansion of hospital capacity), many of the deaths could have been prevented with more ICUs and more ventilators. […]

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How to Save Lives and Keep the Hospital System from Collapsing? A Prescription for Fighting the Coronavirus from the UK.

This week, researchers at Imperial College published an extremely important article. It presents an epidemiological model and evaluates interventions for reducing contact between people to slow the transmission of the novel coronavirus and the disease it causes, COVID-19. The model, applied to the United Kingdom and to the United States, analyzes effects on the number […]

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Ensuring that the Gains from Trade are Inclusive and Sustainable

Thirty years ago, as part of their development strategy, and after many years of protectionism, the countries of Latin America and the Caribbean embarked on a process of ambitious trade liberalization. This was only one of many different reforms made in the framework of the Washington consensus. But it was without question the most important […]

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The Psychology of Support for Trade

Is free trade beneficial to Latin America and the Caribbean? Most economists believe it is. Free trade allows countries to specialize in what they do best, developing competitive advantages and leading to greater consumer choice and lower prices. Most citizens seem to agree. An IDB-commissioned poll, included in the cross-regional Latinobarómetro survey, finds popular support […]

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Coordination: Key to the Success of Public Policies

One of the most complicated areas of the political economy of public policy in Latin America is related to the difficulties of coordination. While many policies can be carried out by a ministry or public agency without the need to coordinate with other ministries and agencies, the success of policies in other cases depends on […]

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Have Latin American Countries Become More Competitive?

Over the last two years, Latin America has experienced significant movements in nominal exchange rates. Between June 2014 and October 2015, most of the larger countries in the region  —including Argentina, Brazil, Colombia, Chile, Peru and Uruguay — saw nominal depreciations of at least 15 percent. The Brazilian Real lost more than 42 percent of […]

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Productive Development Policies in a Nutshell: A Tale of Two Interventions

Productive development policies (or industrial policies) can prove to be a key tool for a country’s development. Yet, as experience in Latin America clearly shows, they can also create serious problems. Nevertheless, these policies take a variety of forms. The key question is: what types of industrial policies should be adopted and which ones should […]

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Publications