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Do Local Governments Engage in Strategic Property-Tax Competition? Do Local Governments Engage in Strategic Property-Tax Competition?   by Jan K. Brueckner Department of Economics and Institute of Government and Public Affairs University of Illinois at Urbana-Champaign Champaign, IL…

Banco de la República (the Central Bank of Colombia) informs citizens that it has no interference in private transactions and, therefore, no relationship with the platform that calls itself ZK Bank.Banco de la República exercises central banking functions and, in accordance with the Constitution,…

Medellín seminario de economía 113

We examine the effect of single‐sex classes on the pass rates, grades, and course choices of students in a coeducational university. We randomly assign students to all‐female, all‐male, and coed classes and, therefore, get around the selection issues present in other studies on single‐sex education…

The international crisis by the end of the previous decade brought very important changes in terms of degree, size, and volatility of capital flows to emerging markets. These became a challenge for their economic authorities because the negative effects likely to affect macroeconomic variables of…

Abstract The countries of the Caribbean Basin have a tradition in coffee production since the grain entered America through this area in the 18th century. Although the region lost importance in the international coffee market in the 20th century, the crop maintains its significance in…

Given that education is closely related to other determinants of informal employment, this study models its behavior to assess its impact on informality rates, recognizing that an improvement in the educational level could positively influence productivity and the formalization of employment.

AbstractThe objective of this study is to describe the main fiscal indicators of Barranquilla during the period 2000–2021, as well as explore the possible factors that could be behind the observed behavior. We compare the evolution of the main fiscal variables of the district with those…

“Despite the advances in the pursuit of macro-fiscal sustainability aimed at providing greater well-being to the population, tax systems in Latin America are still far from achieving their goals of equity and efficiency.”

El comercio internacional tiene el potencial de compensar las consecuencias negativas de los desastres naturales. Los países parecen beneficiarse de los choques climáticos extremos en las economías competidoras.

AbstractInternational and national literature provides evidence indicating that investment in infrastructure is one of the key elements to achieve economic and social development.

AbstractThis document analyzes the evolution of the main labor market indicators and poverty indicators of Barranquilla between 2008 and 2022. On the one hand, it seeks to understand the evolution of employment generation and labor income during the last decade, and on the other hand…

AbstractAsymmetric decentralization has become relevant in developing countries like Colombia, where capabilities between subnational governments differ dramatically. Although these discussions have been present since the 1960s, the success of decentralization is still a relevant…

Corruption is generally understood as taking advantage of public power for private benefit. This paper evaluates the relationship between emergency declarations for natural disasters and corruption.

“Political stability or continuity can shape fiscal outcomes at the regional level, a topic that has received little attention in the political economy literature."

Hard discount stores (HDS) have changed the dynamics of the traditional retail sector by selling a basket of products at very low prices. This business model has gained significant market share in many countries, but little is known about its impact on the labor market.

Since: 1997

“The existence of closures on the Vía al Llano increases transportation costs by 41.1%, while one more day of closure increases freight costs on average by 3.7%. When examining the effect of blockages on the Vía al Llano caused by natural disasters, by breaking down the goods by sector, it is…

It is estimated that more than 50 % of the labor force in Colombia belongs to the informal sector, a persistent phenomenon over the last three decades. Despite extensive literature on informality and its determinants at the national level or in the main urban areas, municiapl informality rates…

This document describes the state and evolution of the public hospital portfolio in Colombia and how it relates to some quality indicators in the provision of health services at the regional level. 

 The Banco de la República is the central bank of Colombia, legally constituted under public law and with autonomy as regards administrative and technical organisation and heritage. The Bank is subject to its own legal regulation as expressed in the 1991 Political Constitution of Colombia.…

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.  

In this paper, we empirically examine the effect of inflation targeting on the exchange rate pass-through to prices in emerging countries. We use a panel VAR that allows us to use the larger data set on twenty-seven emergingcountries (fifteen inflation targeters and twelve inflation nontargeters).…

Abstract This paper analyzes empirically the relationship between monetary policy interventions and the net interest margin of Colombian credit institutions for the 2003 - 2019 period.

In order to asses the credibility of their targets and policies, inflation targeting central banks always keep an eye on market expectations of the future inflation rates and short maturity interest rates. In economies with developed financial markets the prices of financial assets are a prime…