XIV Call for Papers - Fiscal policy challenges under the recent macroeconomic uncertainty

The journal Ensayos sobre Política Económica (ESPE)1  of Banco de la República (Central Bank of Colombia) invites the submission of papers for possible publication in its XIV special edition, which will focus on Fiscal policy challenges under the recent macroeconomic uncertainty. The guest editors are Martha Lopez and Ignacio Lozano, senior researchers of Banco de la República.


The business cycle and long run economic growth have been affected by the recent macroeconomic instability around the world. The oil prices shocks, currency depreciations, higher inflation, capital outflows, and riskier financial markets, among others, are challenges which the fiscal policy has had to deal with, particularly in emerging economies. Exploring on some of these aspects through theoretical and/or empirical approaches will contribute to a better understanding on the role of fiscal policy as well as its interactions with other macroeconomic actions.   


The editors particularly welcome articles that address the special edition’s themes, including, but not limited to, the following:

    • Public debt, fiscal solvency and riskier financial markets 
    • Fiscal and monetary interactions in a globalized world
    • The interest rates and fiscal multipliers
    • Fiscal policy in a high inflation context
    • Automatic stabilizers and discretionary fiscal policy
    • Fiscal rules and macroeconomic stabilization 
    • Expenditure, growth and fiscal sustainability
    • Taxes and economic efficiency
    • Exchange rate fluctuations and public finances
    • Natural resources booms and fiscal policy 


Papers submitted must be original and not being considered for publication elsewhere. This special edition will follow the journal’s editorial protocol2, which includes the evaluation of pre-selected papers by two anonymous referees. However, the editors may reject a manuscript without obtaining a referee report from an outside reviewer if the paper is deemed not to satisfy the aim and scope of the special edition.


On this occasion, each document selected for publication will receive, as compensation for the transfer of copyrights, the amount of COP $2.500.000,oo from Banco de la República, or its equivalent in U.S. dollars for those authors who are not Colombian residents.3  Additionally, the authors of the selected papers (one presenter in the case of joint authors) will be invited to present their work at the XIV Seminar of ESPE, organized by Banco de la República, to be held in Bogotá on October 20th, 2017.4 The Keynote Speaker will be Professor Todd Walker from Economics Department at Indiana University.


The deadline for submission of papers is June 12th, 2017.  Articles should be submitted via the Elsevier Editorial System: http://ees.elsevier.com/espe/


Documents can be submitted either in Spanish or English, and should not exceed 50 pages including annexes, tables and graphs. Decisions will be announced by September 1st, 2017. The special issue of ESPE will be published during the first semester of 2018.


1ESPE is currently indexed in Scientific Electronic Library Online (Scielo Colombia), International Bibliography of the Social Sciences (IBSS), CLASE (UNAM), International Periodicals Directory (ULRICH), CSA Social Sciences Collection included in the Worldwide Political Science Abstracts and in the databases of Sociological Abstracts and Social Services Abstracts and in the electronic indexes of American Economic Association which, among others, includes Journal of Economic Literature on CD, e-JEL and EconLit and Scopus.

2The Guide for Authors, in Spanish and English, may be found in http://www.elsevier.es/en-revista-ensayos-sobre-politica-economica-387-n.... For additional questions contact [email protected]

3With the exception of articles written by permanent and temporary employees and interns at Banco de la República.

4In order to avoid conflicts of interest, participants must follow the regime of prohibitions that is specified in the following link http://www.banrep.gov.co/documentos/el-banco/pdf/contrat-nuevoregimen03.pdf

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This content has been translated into English for informational purposes. Upon any query regarding its interpretation or enforceability, the Spanish version shall be deemed official, and will prevail over the English version. The authors of specific texts such as working papers or articles select the language of publication; therefore, there might be cases in which the content may only be available in English. 


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