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- Publicación |Abstract Given the importance of climate change and the increase of its severity under extreme weather events, we analyze the main drivers of high food prices in Colombia between 1985 and 2020 focusing on extreme weather shocks like a strong El Niño.We estimate a non-stationary extreme value…
- Publicación |
The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors
- Publicación |
The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.
- Publicación |
This paper analyses the effectiveness of official interventions of the Colombian Central Bank in the foreign exchange market over the period of June 2008–December 2013. The estimation procedure suggested by Hansen (2000) is used to estimate a threshold model for the spot exchange rate that…