Bogotá, Colombia
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Analisis of the monthly Inflation Report of May 2013.
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Presentation at the macroeconomic and sector seminar ANIF and Fedesarrollo
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Analisis of the monthly Inflation Report of April 2013.
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Analisis of the monthly Inflation Report of February 2013.
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A regular meeting of the Board of Directors of Banco de la República was held in the city of Bogotá D.C. on December 21, 2012. In attendance were Mr. Mauricio Cárdenas Santamaría, Minister of Finance and Public Credit, Mr. José Darío Uribe, Governor and Managing Director of Banco de la…
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Analisis of the monthly Inflation Report of January 2013.
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This paper looks at the question of central bank mandate and design in a larger historical context with the goal of understanding the rationale for the design of the European Central Bank (ECB), and also of developing a better understanding of how central banks will evolve over the next few…
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This paper investigates the impact of sovereign risk on the stochastic rational expectations equilibrium of a pure exchange small open economy. International borrowing and lending arise from the interaction between a risk averse sovereign representative agent in a small open economy trying to…
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Theory-consistent models have to be kept small to be tractable. If they are to forecast well, they have to condition on data that are unmodelled, noisy, patchy and about the future. Agents can also use these data to form their own expectations. In this paper we illustrate a scheme for jointly…