Arias-Rodríguez, Fernando
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- Publicación |Looking ahead, monitoring financial stability, macroeconomic (dis)equilibria, and the space for active economic policy—with inflation close to the target and sustainable public finances—are necessary conditions to successfully face future adverse shocks.
- Publicación |Foreword written by Mauricio Villamizar‑Villegas and Lucía Arango‑Lozano
Monetary policy is a fascinating subject that is always at the center of economic discussions, whether in classrooms, media headlines, or everyday conversations. However, understanding it in depth requires more than a…
- Publicación |"Although these frictions affect various credit markets, they are especially relevant in rural areas of developing countries due to transportation difficulties and lack of formal documentation.”
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In this article, we study the role of cash and electronic payments in the payment ecosystems of Colombia and the world, and the factors that determine their demand.
For these purposes, we address the following research questions:
What are the determinants of demand for cash and… Journal Essays on Economic Policy (ESPE) - Fiscal policy and macroeconomic stabilization in Colombia
Publicación |This docum
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Colombia consistently exhibits one of the lowest levels of productivity in Latin America in relative terms compared to developed countries. Between 1951 and 2015, Colombia's total factor productivity is, on average, just a little more than half that of the United States. This immense gap in…
