Journal Essays on Economic Policy (ESPE)

Presentation titled "On the Importance of Policy Coordination", delivered during the Seminar of the EEP Journal (Challenges of Fiscal Policy in the face of the Recent Macroeconomic Uncertainty), organized by Banco de la República at the Events Center of Biblioteca Luis Ángel Arango in Bogotá,…

Presentation titled "On the Design of Public Institutions: Evidence from Financial Supervision", delivered during the Seminar of the EEP Journal (Essays on Economic Policy), organized by Banco de la República at the Events Center of Biblioteca Luis Ángel Arango in Bogotá, Colombia.

Presentation titled "Has Monetary Policy Changed? How the Crisis Shifted the Ground under Central Banks", delivered during the Seminar of the EEP Journal (Essays on Economic Policy), organized by Banco de la República at the Events Center of Biblioteca Luis Ángel Arango in Bogotá, Colombia.

Presentation titled "Determinants and effects of fiscal stabilization: New evidence from Time-Varying Estimates", delivered during the Seminar of the EEP Journal (Challenges of Fiscal Policy in the face of the Recent Macroeconomic Uncertainty), organized by Banco de la República at the Events…

Colombia has experienced a secular increase in the labor participation of urban women, going from nearly 47% in 1984 to 65% in 2006. We decompose the evolution of participation into changes in the composition of the population and changes in the participation rates by groups (defined according…

This paper explores whether the agglomeration of human capital leads to social employment advantages in urban labor markets of Colombia. It compares employment opportunities in urban areas where the level of education differs while controlling for plausible confounders using census data for 1993…

Can frictionless small open economy models driven solely by technology shocks account for business cycles in developing countries? We do not find evidence of it. We build a DSGE model that jointly includes a variety of real perturbations in addition to technology shocks, such as procyclical…

This article first explores the cyclical dynamics of remittances, and then, analyzes the macroeconomic impact of remittances and the monetary policy implications. In this endeavor, we use the case of the Philippines, one of the countries where remittances are substantial. A dynamic structural…