Hernández-Bejarano, Manuel Darío

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  • Revista Ensayos sobre Política Económica (ESPE) - Colombian current account revenues: exports performance, progress and challenges

    Publicación |
    Abstract An analysis of the current account’s revenues of the balance of payments is undertaken. Those revenues comprise the exports of goods and services, the return from Colombian investments abroad, and current transfers that include workers remittances. It is found that Colombian foreign…

  • On Forecast Evaluation

    Publicación |

    We propose to assess the performance of k forecast procedures by exploring the distributions of forecast errors and error losses. We argue that non systematic forecast errors minimize when their distributions are symmetric and unimodal, and that forecast accuracy should be assessed through…

  • The Stickiness of Colombian Consumer Prices

    Publicación |

    The price setting behavior of Colombian retailers of goods and services was studied based on a unique dataset containing 12,052,970 individual price reports covering all items in the Colombian CPI from March 1999 to May 2008. The main results are summarized as follows: 1. Colombian consumer…

  • The Stickiness of Colombian Consumer Prices

    Publicación |

    The price setting behavior of Colombian retailers of goods and services was studied based on a unique dataset containing 12,052,970 individual price reports covering all items in the Colombian CPI from March 1999 to May 2008. The main results are summarized as follows: 1. Colombian consumer…