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Resumen del documento: Una gran parte de la literatura ha documentado los efectos negativos del conflicto civil en los resultados educativos de los niños afectados a través de diferentes países y periodos históricos. Sin embargo, el efecto opuesto no es obvio.
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The document "AIR POLLUTION IN BOGOTÁ, COLOMBIA: A Concentration-Response Approach" was presented on 27 April 2005.
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Profesora de economía, Universidad de los Andes
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Principal Economist, Board of Governors Federal Reserve System
Co-autores: Michiel De Pooter, Giovanni Favara, Jason Wu (Board of Governors Federal Reserve System)
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Felipe Alves: Economista Senior, Banco de Canadá
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AbstractCurrent 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 the true price level with six months delay. I…
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Abstract: Private credit, often associated with unsecured lending, has experienced remarkable growth in recent years. We use U.S. loan-level data to show that total outstanding amounts of secured direct loans now surpass unsecured direct loans. Loans are more likely to be secured when informational…
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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 very different ways.
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Abstract: Some studies have expressed concern that the Gaussian-inverse Wishart–Haar prior typically employed in estimating sign-identified VAR models may be unintentionally informative about the prior for the structural responses. We discuss what features to look for in this prior in the absence…
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Abstract: Since 2018, tariffs have resurged as a tool for protecting domestic economies, particularly in the US. This paper examines the macroeconomic and welfare impacts of various tariff scenarios using a four-region dynamic general equilibrium model with a multi-sectoral production network. The…
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Abstract: We develop a novel firm-level credit condition sentiment index using Natural Language Processing (NLP) techniques and earnings calls. We first document that our credit condition sentiment index is a sensible measure by demonstrating it is positively correlated with the commonly used firm-…
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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 economic activity…
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Abstract: In this paper, we develop a scalable micro-macro modeling framework that integrates linear multivariate time series models with nonlinear panel models to investigate to what extent oil supply shocks affect household inflation expectations in the Euro area in a heterogeneous and nonlinear…
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