Servicios
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This paper develops a political economy model that provides an explanation as for why ruling Elites in oligarquic societies may rely on income redistribution to the poor (the masses) in order to prevent them from attempting a revolution. We refer to this kind of redistribution as populist…
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Whilst emphasis has been given to short-term dependence of financial returns, long-term dependence remains overlooked. Despite financial literature provides evidence of long-term´s memory existence, serial-independence assumption prevails. This document´s long-term dependence assessment…
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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.
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Poverty rate in Colombia dropped heterogeneously among capital cities during the last four decades. Despite a decline in monetary poverty, Florencia remains far below national average and main capital cities. The state capital of Caquetá had 32,8% of the population under the…
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This paper explores the theoretical linkages between poverty traps, economic inequality in a two sector overlapping generations model under perfect competition in which barriers to skilled educational attainment and delinquent incentives interact. We find that the existence of a poverty trap under…
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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.
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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.
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AbstractI propose a general equilibrium model with a quasi-hyperbolic discounting government that optimally decides upon using creative accounting in order to evaluate a balanced budget rule and a debt rule.
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Junio de 2008
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Presentation made in 10th Annual Conference: Is inflation back, and in which form?, Swiss Geneva
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Institute of International Finance Rio de Janeiro (Brasil), marzo 29 (184 kB)
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Seminario del CIAT. Cali, mayo 09 de 2008
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Presentation "On the Probability of Access to Higher Education in Colombia: Determinants and Evolution" by Sebastián Acevedo and Sebastián Gómez, members of Grupo de Estudios en Economía y Empresa Grupo de Estudios en Economía y Empresa, Economy Department at EAFIT University.
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Presentated by Olivier J. Blanchard in Bogotá.
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Presented during the 58th Meeting of the Network of Central Banks and Finance Ministries of Latin America and the Caribbean organizaed by the Inter-American Development Bank (IDB). Washington, November 7th-9th.
Session 2. Panel. Financial Stability in Latin America and the Caribbean
Event…
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Abril 26 (32 KB)
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Online Presentation delivered at the webinar held by the National Bank of Ukraine and the Euro Area Business Cycle Network (EABCN): Session 1. Effectiveness of Inflation Targeting with Limited Monetary Policy Transmission.
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Presentation delivered at the Luis Angel Arango Library in Bogotá on 12 August 2019, transmitted on the Institutional Channel (channel 9 on national television). During the event, the Governor pointed out the most important sections of the Inflation Report.
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Presentatión (Only Available in Spanish)
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See additional information in "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"
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See additional information in "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"
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See additional information in "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"
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See additional information in "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"
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Presented at the main building of Banco de la República (Central Bank of Colombia).
Video of the Financial Stability Report for the first semester of 2019
This was the presentation of the #FinancialStabilityReport for the first half of 2019 by the Governor of the Central Bank, #JuanJoseEchavarria,…
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