Bogotá, Colombia

Returns and interest rate: A nonlinear relationship in the Bogotá stock market   Returns and interest rate: A nonlinear relationship in the Bogotá stock market   Luis Eduardo Arango, Andrés González, and Carlos Esteban Posada *  Banco de la República  Summary  …

Transmission mechanisms and inflation targeting: the case of Colombia’s desinflation

Bayesian Model Estimation and Selection for the Colombian Exchange Rate Bayesian Model Estimation and Selection for the Colombian Exchange Rate Norberto Rodríguez Niño  */

An Estimation Of the Nonlinear Phillips Curve in Colombia An Estimation Of the Neonlinear Phillips Curve in Colombia Javier Gómez and Juan Manuel Julio  */

THE COLOMBIAN BANKING CRISIS: THE COLOMBIAN BANKING CRISIS: Macroeconomic Consequences and What to Expect Andres F. Arias  */

Optimal Commodity Price Stabilization over the Business Cycle   Optimal Commodity Price Stabilization over the Business Cycle Rodrigo Suescún*

Abstract: We measure the inflation-unemployment tradeoff associated with monetary easing and tightening, during booms and recessions, using a novel nonlinear Proxy-SVAR approach. We find evidence of significant nonlinearities for the U.S. economy (1973:M1 - 2019:M6): stimulating…

Abstract: La eficacia y la eficiencia de la política monetaria se evalúan para la economía colombiana en el período 2003‑2024 a partir del análisis estadístico y la inferencia en un modelo econométrico de rezagos distribuidos.

EFFICIENCY GAINS FROM THE ELIMINATION OF GLOBAL RESTRICTIONS ON LABOUR MOBILITY: AN ANALYSIS USING A MULTIREGIONAL CGE MODEL   EFFICIENCY GAINS FROM THE ELIMINATION OF GLOBAL RESTRICTIONS ON LABOUR MOBILITY: AN ANALYSIS USING A MULTIREGIONAL CGE MODEL   Ana María Iregui…

Do Local Governments Engage in Strategic Property-Tax Competition? Do Local Governments Engage in Strategic Property-Tax Competition?   by Jan K. Brueckner Department of Economics and Institute of Government and Public Affairs University of Illinois at Urbana-Champaign Champaign, IL…

Price Behavior in an Inflationary Environment: Evidence from Supermarket Data   Price Behavior in an Inflationary Environment: Evidence from Supermarket Data

A nonlinear specification of demand for cash in Colombia A nonlinear specification of demand for cash in Colombia   By Luis E. Arango and Andrés González(1)

A Model of the Nominal and Real Exchange in Colombia A Model of the Nominal and Real Exchange in Colombia   Javier Gómez*

Students in the final semesters of a Psychology degree program.

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Financial Inefficiency and Real Business Cycle in Colombia Financial Inefficiency and Real Business Cycle in Colombia      Camilo Zea*

Output Gap Estimation, Estimation Uncertainty and its Effect on Policy Rules Output Gap Estimation, Estimation Uncertainty and its Effect on Policy Rules

The study evaluates the virtues of asymmetric trimmed means as efficient estimators of inflation for Colombia, an economy with high and variable inflation rates. Results suggest that the proposed indicators are more efficient than alternative indexes and are particularly suited for environments…

For the evaluation of macroeconomic policies Colombian authorities rely heavily, if not  exclusively, on the operational framework known as the Financial Programming Model developed by the IMF in the 1950s. Based on this static framework, the formulation of fiscal policy in the country,…