Bogotá, Colombia
Below are the contents available on the site related to the query.
- Publicación |Identifying the impact of physicians on health outcomes is a challenging task due to the nonrandom sorting between physicians, hospitals, and patients. We overcome this challenge by exploiting a Colombian government program that randomly assigned 2,126 physicians to 618 small hospitals.
- Publicación |Saving-Investment Flows for the fourth quarter of 20231. By institutional sector
According to the financial accounts calculated by Banco de la República (the Central Bank of Colombia), in the fourth quarter of 2023, the current account deficit of the Colombian economy reached 1.6% of quarterly…
- Publicación |
Inflation continues to decline but remains well above 3%. It is anticipated to decrease significantly in 2024 and draw closer to the established target in the first half of 2025.
- Publicación |Nuestros resultados muestran que la existencia de subsidios implícitos ocasiona que los individuos prefieran estar en el actual sistema privado mientras se cotiza, pero en el público para pensionarse.
- Publicación |Gran parte de la población carece de las herramientas fundamentales para tomar decisiones económicas y financieras adecuadas, lo cual es crucial para mejorar su bienestar y protegerse frente a choques económicos o inflacionarios.
- Publicación |El efecto del fenómeno El Niño sobre los precios minoristas corre a través de su efecto sobre los costos mayoristas, exclusivamente, y no a través de cambios en la estructura del mercado minorista.
- Publicación |Approach
Fiscal rules, also known as fiscal responsibility norms, refer to restrictive measures of fiscal policy at either the national or subnational level, through which the sustainability of public finances is sought to be guaranteed. These rules can be quantitative (those…
- Publicación |
Despite significant declines in 2023, inflation indicators remain above the target of most central banks.
- Publicación |Abstract
We examine the adjustment of a small, open, emerging market economy (SOEME) to an unexpected increase in the minimum wage using an extended New-Keynesian SOE model that incorporates heterogeneous households, a flexible production structure, and a minimum wage rule.…
- Publicación |Abstract
We investigate the entry and exit of short-cycle higher education programs (SCPs), which last two or three years and can address local skill needs. Exploiting administrative data from Colombia, we study markets defined by geographic location and field of…
- Publicación |Abstract
We study the effect of macroeconomic announcements surprises on Colombian treasury bond spot rates in the medium term. For this, we employ a two-step regression approach proposed by Altavilla, Giannone and Modugno (2017), which takes into account the high frequency…
- Publicación |Abstract
We study the behaviour of three quantitative sample surveys and a non sample inflation expectation report for Colombia. We found that expectations in Colombia; (i) are not strongly, i.e.
- Publicación |Abstract
Foreign portfolio investments can affect the Colombian exchange market mainly through the demand for hedging that investors make in the foreign exchange derivatives market, and the exchange of dollars for pesos that materializes when investing in public debt…
- Publicación |Abstract
The objective of the study is to model and determine the tax incidence of a reduction in the corporate income tax in Colombia. To meet this objective, a dynamic and stochastic general equilibrium model DSGE of a closed economy with heterogeneous households and two…
- Publicación |
Inflation has decreased since April, and it is projected to continue to reduce significantly throughout 2024 as it converges toward 3%.
- Publicación |Abstract
We evaluate the returns to signaling occupation-specific skills using unique administrative data from a nationwide certification program in Colombia. The program certifies skills and issues three certificates: basic, intermediate, and advanced. We use…
- Publicación |
Each edition of the report has four objectives:
1) to publicize a consolidated account of how the figures for payment infrastructures have evolved with respect to both financial assets and goods and services;
2) to summarize the issues that are being debated…
- Publicación |Abstract
This paper evaluates the fiscal and macroeconomic effects of some risks faced by the health system. These comprise changes in demographic and morbidity patterns, new medical technologies, inefficiencies in the system and the structure of the labor market. These…
- Publicación |Abstract
This study follows a novel approach proposed by Angelico et al. (2022) using Twitter to measure inflation perception in Colombia in real time. By applying machine learning techniques, we implement two real-time indicators of inflation perception and show …
- Publicación |I. Performance of credit institutionsCredit institutions in Colombia have adequate capital and liquidity levels to confront the materialization of extreme risks of low probability at individual and consolidated levels.
