Seminarios y talleres

Abstract: We study a regulation in Chile that mandates front-of-package warning labels on products whose sugar or caloric concentration exceeds certain thresholds. We find that after the introduction of the regulation, consumers reduced their overall sugar and caloric...

We present new empirical evidence on the use of capital controls on outflows (CCOs) in times of economic crisis, and develop an associated theory. Our evidence indicates that episodes of CCO implementation coincide with macroeconomic and financial stress. Accordingly,...

Our study provides a comprehensive analysis of the effects of a debt moratorium policy that suspends payments during stress episodes. We offer theoretical predictions based on demand and supply elasticities, which suggest that non-stressed firms will experience a rise...

Low and stable inflation requires an appropriate fiscal framework aimed at stabilizing government debt. Historically, trend inflation is critically influenced by actual or perceived changes to this framework, while cost-push shocks only account for short-lasting...

Abstract: Los parques son espacios que brindan servicios esenciales (tales como recreación y protección ambiental) a las áreas urbanas. Además de estos servicios, los parques contribuyen a mejorar la estética de las ciudades. Estudios recientes...

The issue of economic inequality began to receive increased attention after the global financial crisis. During that period, the increase in unemployment, the heterogeneous evolution of house and stock prices, and the fall in interest rates all affected households in...

Current practice to measure inflation for monetary policy uses the average annual inflation rate. When inflation changes fast, whether increasing or decreasing, the annual average rate is biased towards data from too far in the past and conveys...

Nicolás de Roux: es investigador y profesor de planta de la Universidad de los Andes en Bogotá. Nicolás trabaja con métodos de microeconomía aplicada para responder preguntas sobre inclusión financiera, comportamiento de las firmas, medio ambiente...

Resumen del documento: Renewable energy and battery storage are seen as complementary technologies that can together facilitate reductions in carbon emissions. We develop and estimate a dynamic competitive equilibrium model of storage investment and operations to evaluate...

En la investigación se aborda la necesidad de unir dos enfoques en el estudio de la economía: el de los economistas del comercio que se centran en relaciones insumo-producto, pero no consideran los ajustes dinámicos y los macroeconomistas que utilizan modelos de...

We document that capital has flowed from equal to unequal countries since the 1990s. Differences in private savings between equal and unequal countries drive the flows. This empirical regularity holds across advanced economies. We develop a...

Estudiamos la resiliencia de los bancos a crisis macroeconómicas en un contexto de regulaciones microprudenciales laxas: Colombia durante la crisis de los 1980s. Múltiples bancos se quebraron durante esta crisis debido a prácticas que sustrajeron recursos de los bancos...

Yotam Shem-Tov: is an Assistant Professor of Economics at the University of California, Los Angeles. Yotam holds a Ph.D. in economics from UC Berkeley. Yotam studies topics in labor economics, criminal justice and crime, and applied econometrics.

We identify and study three key channels that shape how inflation affects wealth inequality: (i) the traditional Fisher channel through which inflation redistributes from lenders to borrowers; (ii) a nominal labour income channel through...

Portfolio diversification is as important to debt management as it is to asset management. In this paper, we focus on diversification of sovereign debt issuance through greater reliance on inflation-indexed bonds for a representative emerging...

When agents' information is imperfect and dispersed, existing measures of macroeconomic uncertainty based on the forecast error variance have two distinct drivers: the variance of the economic shock and the variance of the information dispersion. The former...

Carlos Hernández: es profesor asistente de la facultad de administración de la Universidad de los Andes. Carlos es PhD en economía de la Universidad de California-Los Ángeles y economista de la Universidad de los Andes. Sus intereses de investigación...

Using confidential credit registry data, merged with firm tax records in Chile, we evaluate the macroeconomic consequences of relationship lending. We find that longer relationships between banks and firms give firms access to more credit at...

Mateo Uribe: es profesor asistente de la facultad de economía de la Universidad del Rosario. Mateo es PhD en economía de la Universidad de Maryland y economista de la Universidad Eafit. Sus intereses de investigación son historia económica, Economía...

Darwin Cortés: es economista de la Universidad del Rosario, magister en economía de la Universidad Nacional del Colombia, Master y doctor en economía de la Universidad de Toulouse, Francia. Es profesor asociado de la facultad de economía de la Universidad del Rosario. Tiene...