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A Macro CGE Model for the Colombian Economy

This paper presents the construction of a tailor-made Macro Computable General Equilibrium Model for the Colombian economy that satisfies Banco de la República's macroeconomic programming and forecasting interests. Using information on the national accounts divulged by the National Statistics...

Countercyclical Banking Capital Buffers in a DSGE Model

In this document we develop a DSGE model to analyze the eect that a consumption boom and a productivity shock have over nancial stability and macroeconomic variables, in both, an economy with and without Basel III capital requirements and earnings reinvestment rule. The results suggest that...

Decentralised Provision of Quasi-Private Goods: The Case of Colombia

This paper quantifies the welfare effects of decentralisation in Colombia, using a multiregional CGE model. We investigate to what extent will the Colombian population be better off when goods such as health and education, are delivered locally as against centrally. A provision scheme based on...

Impact Assessment of Scenarios of Interregional Transfers in Colombia

 

Las opiniones contenidas en el presente documento son responsabilidad exclusiva del autor y no comprometen al Banco de la República ni a su Junta Directiva.

 

 

Spatial Aspects of Trade Liberalization in Colombia: A General Equilibrium Approach

This paper offers some preliminary steps in the marriage of some of the theoretical foundations of the new economic geography with spatial computable general equilibrium models.  Modeling the spatial economy of Colombia using the traditional assumptions of CGE models makes little sense when one...