Business Cycle

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Credit Pro-cyclicality and Bank Balance Sheet in Colombia

The recent financial crisis has renewed the interest of economists, both at the theoretical and empirical level, in developing a better understanding of credit and its mechanisms. A rapidly growing strand of the literature views banks as facing funding restrictions that condition their borrowing...

Fiscal Policy Throughout the Cycle: The Colombian Experience

 

Leverage Pro-cyclicality and Bank Balance Sheet in Colombia

The recent financial crisis has renewed the interest of economists, both at the theoretical and empirical level, in developing a better understanding of credit and its mechanisms. A rapidly growing strand of the literature views banks as facing funding restrictions that...

Monetary transmission under competing corporate finance regimes

The behavioral agent-based framework of De Grauwe and Gerba (2015) is extended to allow for a counterfactual exercise on the role of corporate finance arrangements for monetary transmission. Two alternative firm financial frictions are independently introduced: market-based and bank-based. We...

Optimal Commodity Price Stabilization over the Business Cycle

Optimal Commodity Price Stabilization over the Business Cycle   Optimal Commodity Price Stabilization over the Business Cycle Rodrigo Suescún*



The Cyclical Behavior of External Indebtedness: The Case of Foreign and Domestic Banks in Colombia

The cyclical behavior of separation and job finding rates in Colombia

This work uses readily accessible data about the stocks of unemployed workers, labor force and duration of unemployment to measure the job finding and separation rates for Colombia from 1984 to 2014. It also evaluates the relative contribution of these rates to the fluctuations of unemployment...

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