Servicios
|
In this document we lay out the microeconomic foundations of a dynamic stochastic general equilibrium model designed to forecast and to advice monetary policy authorities in Colombia. The model is called Policy Analysis Tool Applied to Colombian Needs (PATACON). In companion documents we present…
|
|
Presented at Emerging Markets in the Spring Lecture Series.
|
|
Emerging and Frontier Markets: Capital Flows, Resiliency, Risks, and Growth - Supported by the National Bureau of Economic Research (NBER), the Latin American Reserve Fund (FLAR), and Banco de la República (The Central Bank of Colombia)
|
|
Abstract: This paper explores the effect of alignment between local and national politics in a context of weak parties. Based on a regression discontinuity design in close elections, we find that, in absence of strong parties, presidential coalitions become the focal point of political alignment…
|
|
Population aging poses a serious challenge to the Colombian pension system.
|
|
Presentación de Javier Pérez en el 53rd North American Meeting
Toronto, Ontario, Canada
|
|
This paper develops a political economy model that provides an explanation as for why ruling Elites in oligarquic societies may rely on income redistribution to the poor (the masses) in order to prevent them from attempting a revolution. We refer to this kind of redistribution as populist…
|
|
Abstract
The article contributes to the study of the current state and the economic outlook of the pension system in Colombia by means of three types of analysis: (i) the description of the system based on statistics about coverage, fidelity rates, transfers between regimes and impact on public…
|
|
Whilst emphasis has been given to short-term dependence of financial returns, long-term dependence remains overlooked. Despite financial literature provides evidence of long-term´s memory existence, serial-independence assumption prevails. This document´s long-term dependence assessment…
|
|
The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
|
|
The opinions expressed in this document are those of the authors and do not necessarily reflect the views of Banco de la República or its Board of Directors..
ABSTRACT
|
|
This paper explores the theoretical linkages between poverty traps, economic inequality in a two sector overlapping generations model under perfect competition in which barriers to skilled educational attainment and delinquent incentives interact. We find that the existence of a poverty trap under…
|
|
The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
|
|
The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
|
|
Abstract
I propose a general equilibrium model with a quasi-hyperbolic discounting government that optimally decides upon using creative accounting in order to evaluate a balanced budget rule and a debt rule.
|
|
Junio de 2008
|
|
Presentation made in 10th Annual Conference: Is inflation back, and in which form?, Swiss Geneva
|
|
Institute of International Finance Rio de Janeiro (Brasil), marzo 29 (184 kB)
|
|
Seminario del CIAT. Cali, mayo 09 de 2008
|
|
Presentation "On the Probability of Access to Higher Education in Colombia: Determinants and Evolution" by Sebastián Acevedo and Sebastián Gómez, members of Grupo de Estudios en Economía y Empresa Grupo de Estudios en Economía y Empresa, Economy Department at EAFIT University.
|
|
Presentated by Olivier J. Blanchard in Bogotá.
|
|
Presented during the 58th Meeting of the Network of Central Banks and Finance Ministries of Latin America and the Caribbean organizaed by the Inter-American Development Bank (IDB). Washington, November 7th-9th.
Session 2. Panel. Financial Stability in Latin America and the Caribbean
Event…
|
|
Abril 26 (32 KB)
|
