Bogotá, Colombia

Abstract

As established in Article 5° of Act 31 of 1992, the Board of Directors of the Central Bank of Colombia submitted its second report of 2016 to the Congress of Colombia. The report analyzes the results of the Colombian economy to date, as well the national and international outlook for the current…

The Inflation Targeting Scheme in Colombia

OBJECTIVES

During the first semester of the year, a weak global demand, a fall of export prices in some countries and a low investment dynamic led to reduced growth forecasts for most Latin American and the Caribbean economies. In contrast, the Colombian economy shows signs of soundness, and growth in 2014…

The Inflation Targeting Scheme in Colombia

Abstract

Abstract

Statistical analyses show that, after controlling for the accumulation of productive factors, the joint effect of the diversification of manufacturing inputs and the urban population purchasing power has a positive and significant impact on the Colombian economic growth. Furthermore, there is…

Abstract

The analysis of productivity performance of the Mexican Northern Border offers an interesting case study for that objective. This is because it combines mobile growth factors due to regional reallocation of economic activity and, on the other hand, the fact that factors that are considered…

This paper examines the structure and dynamics of institutionalised flows of credit between economic sectors – with a distinct emphasis on industry – during the era of import-substitution industrialisation. Using the debate between “balanced vs. unbalanced growth” theories as prompting guide,…

During the second semester of 2013, the international environment was characterized by the gradual recovery in the Eurozone and the U.S. economy, as well as by an upturn in the Chinese economy. Although overall uncertainty regarding the moderation of the United States monetary policy impacted…

The history of economic recessions has shown that every deep downturn has been accompanied by disruptions in the financial sector. Paradoxically, up until the financial world crisis of 2007–2009, little attention was given to macroeconomic and financial interdependence. In this paper, a study is…