Amid the election season, Central Bank president Rosanna Costa released a study that directly links minimum-wage increases to unemployment, recasting her long-held orthodox stance against the wage floor, unions, and sector-wide bargaining into a polished econometric case. She has championed these ideas for decades at Libertad y Desarrollo; in 2008 she argued the 'problem with jobs is minimum wage policy' and that 'what is needed is to lower real wages'.