This paper investigates the impact of sovereign risk on the stochastic rational expectations equilibrium of a pure exchange small open economy. International borrowing and lending arise from the interaction between a risk averse sovereign representative agent in a small open economy trying to…
Bogotá, Colombia
A continuación, se listan los contenidos disponibles en el portal relacionados con la consulta.
- Publicación |
- Publicación |
Theory-consistent models have to be kept small to be tractable. If they are to forecast well, they have to condition on data that are unmodelled, noisy, patchy and about the future. Agents can also use these data to form their own expectations. In this paper we illustrate a scheme for jointly…
- Publicación |
In this document we lay out the microeconomic foundations of a dynamic stochastic general equilibrium model, called Policy Analysis Tool Applied to Colombian Needs (PATACON), designed as a forecast tool and as a guide to advise monetary policy authorities in Colombia. In companion documents we…
- Publicación |
This paper is an attempt at constructing a simple and effective macroprudential tool for policymakers. By integrating the joint occurrences of the main financial markets in Colombia into a single Financial Conditions Index (FCI), we hope to synthesize the information embedded in them regarding…
- Publicación |
This paper provides evidence of positive externalities in human capital that help to explain divergences in development worldwide. We estimate the supply and demand for human capital using a five-year panel involving 60 countries, covering the period 1980-2000, and found that there exists…
- Publicación |
This document shows that Colombian immigrants, who returned to the country from the United States between 1990 and 2005, were on average less well-educated than those who decided to stay in the U.S. This is a fact that has contributed to emphasizing the positive selection made by Colombians when…
- Publicación |
- Eventos |
Presentado por: Xavier Freixas (Profesor, Departamento de Economía, Universitat Pompeu Fabra, Barcelona)
- Publicación |
The Banco de la República (Central Bank of Colombia) offers to the public this document, where all the details concerning the foreign reserve management are explained.
The Colombian Constitution and Law 31 of 1992, Article 14, assign the administration of international reserves to Banco…
- Publicación |
- Eventos |
Presentado por: Daniel Osgood (Lead Scientist, Financial Instruments Sector Team, Research Scientist International Research Institute for Climate and Society (IRI) The Earth Institute at Columbia University)
- Publicación |
Presentación realizada en Latin American Chamber of Commerce - LATCAM
- Publicación |
Documento presentado en la HSBC Annual Emerging Markets Conference 2012
- Publicación |
This paper assesses the choice of different regulatory policy instruments for crisis management and prevention.
- Publicación |
The recent financial crisis has brought to the forefront the need for a better understanding of the transmission mechanisms of monetary policy.
- Publicación |
This paper has been prepared for Seminario de la revista Ensayos sobre Política Económica, 29 October 2010, at the Bank of the Republic, Bogotá, Colombia. I would like to thank Yener Altunbas, Claudio Borio, Petra Gerlach-Kristen, Simonetta Iannotti and David Marqués-Ibañez for…
- Publicación |
Conferencia de la Asociación de Economía de América Latina y el Caribe (LACEA)
- Publicación |
- Publicación |
Latin American Investor Conference organized by Merrill Lynch. Inter American Development Bank Meeting.
- Publicación |
XLV Meeting of Central Bank Governors of the American Continent organized by CEMLA. Bank of Canada, Ottawa.