Pulido-Pescador, José David
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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.
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One of the central inputs for Banco de la República’s macroeconomic forecasting models is the long-term rate of growth of the economy. In technical terms, this is known as steady-state growth, defned as the growth rate of the economy in the absence of new shocks, also understood as the reference…
- Publicación |The necessary effort to stabilize inflation is greater when credibility is low, requiring the implementation of stricter policies than usual to achieve the same inflation targets.
- Publicación |“… the costs of informality are higher: workers have limited social protection, businesses are less productive, and the state has reduced capacity to collect taxes and provide public goods. This leads to inefficient allocation of resources, which negatively impacts the country's economic growth.”
- Publicación |Approach
This paper reviews the literature on the expected macroeconomic effects of the physical and transition risks of climate change, identifying the main strengths, weaknesses, and gaps. This review aims to contextualize climate change’s potential impact in Colombia in the coming decades and…
- Publicación |Abstract
This document reviews the literature on the expected macroeconomic effects of climate related physical and transition risks (CRR), identifying the main strengths, weaknesses and gaps in said literature. This review seeks to contextualize its potential impact on Colombia in the coming…
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At the end of 2021, the labor market showed signs of a sluggish recovery, at a notably slower pace than economic activity. With seasonally adjusted figures from the household survey, job creation in the national aggregate saw a pause in October and November, due largely to a downturn in…
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After being stagnant for the first half of the year, employment grew again in July and August. This upturn in employment has been particularly marked in the intermediate municipalities and rural areas. Going by segments of national employment, non-wage employment—which had slowed down in…
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The recovery in total employment observed since mid-2020 came to a halt in the early months of 2020, largely because of the waves of Covid-19 contagion, which involved self-care responses on the part of individuals, as well the implementation of isolation measures in several cities to lessen…
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- Publicación |Findings regarding liquidity shocks
