Browsing by Title
Now showing items 5-24 of 4958
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A Composite Indicator of Systemic Stress (CISS) for Colombia
The most recent global financial crisis (2008-2009) highlighted the importance of systemic risk and promoted academic interest to develop a wide set of warning indicators, which are mechanisms to identify systemically ...Documentos de Trabajo. 2014-06-13
Borradores de Economía; No. 826 -
A continuous extension that preserves concavity, monotonicity and Lipschitz continuity
Documentos de Trabajo. 2003-01-20
Borradores de Economía; No. 230 -
¿A dónde se fue la fortuna? Historia económica y social del Chocó, Colombia
El Chocó es uno de los departamentos con los indicadores socioeconómicos más bajos del país. Este documento describe la historia económica y social de sus habitantes a partir de la época colonial y el contexto institucional ...Documentos de trabajo. 2019-10-07
Cuadernos de Historia Económica; No.52 -
A dynamic factor model for the colombian inflation
We use a dynamic factor model proposed by Stock and Watson [1998, 1999, 2002a,b] to forecast Colombian inflation. The model includes 92 monthly series observed over the period 1999:01-2008:06. The results show that for ...Documentos de Trabajo. 2009-01-15
Borradores de Economía; No. 549 -
A historical analysis of Central Bank independence in Latin America: the colombian experience, 1923-2008
This paper explores the relationship between central bank independence and inflation in Latin America, using as a case study the experience of Colombia (1923-2008). Since its creation, in 1923, Colombia?s central bank has ...Documentos de Trabajo. 2009-09-18
Borradores de Economía; No. 573 -
A leading index for the colombian economic activity
In this paper, we propose a methodology for calculating a leading index of the economic activity based on a modification of Stock and Watson’s (1989, 1991, 1992) approach. We use Kalman filter techniques for estimating the ...Documentos de Trabajo. 2003-05-20
Borradores de Economía; No. 243 -
A manera de introducción: reflexiones e hipótesis sobre el sector agropecuario
Expone como durante los últimos años, varios bancos centrales que siguen el esquema de inflación objetivo, han incumplido sus metas anuales o han presentado dificultades para alcanzarlas debido al grado de inestabilidad ...Capítulos de libro. 2016-11.
El desarrollo equitativo, competitivo y sostenible del sector agropecuario en Colombia
Capítulo 1. A manera de introducción: reflexiones e hipótesis sobre el sector agropecuario. Pág.:1-11 -
A market risk approach to liquidity risk and financial contagion
According to traditional literature, liquidity risk in individual banks can turn into a system-wide financial crisis when either interbank credit exposures or bank runs are present. This paper shows that this phenomenon ...Documentos de Trabajo. 2006-03-12
Borradores de Economía; No. 384 -
A Model of Rule-of-Thumb Consumers With Nominal Price and Wage Rigidities
This document presents a dynamic stochastic general equilibrium model with rule of thumb (Non-Ricardian) agents and both nominal price and wage rigidities. The model follows closely that of Galí et al. (2004) and expands ...Documentos de Trabajo. 2012-05-08
Borradores de Economía; No. 707 -
A model of the nominal and real exchange rates in Colombia
Using the johansens cointegration technique we develop an empirical model of the nominal and real exchange rates of Colombia. We find that the nominal exchange rate is determined by the nominal variables and the fundamentals ...Documentos de Trabajo. 1999-08-14
Borradores de Economía; No. 129 -
A multi-layer network of the sovereign securities market
We study the network of Colombian sovereign securities settlements. With data from the settlement market infrastructure we study financial institutions’ transactions from three different trading and registering individual ...Documentos de Trabajo. 2014-08-19
Borradores de Economía; No. 840 -
A nonlinear specification of demand for narrow money in Colombia
A nonlinear smooth transition regression (STR) model of the demand for narrow money in Colombia is specified using monthly data for cash, prices, the scale variable (industrial GDP), the interest rate and the rate of ...Documentos de Trabajo. 1999-10-14
Borradores de Economía; No. 135 -
¿A qué juegan el gobierno y un banco central independiente?
Una consecuencia de la independencia del Banco Central (BC) es la posibilidad de que se presenten diferencias entre los objetivos del gobierno (G) y el Banco. Estas notas pretenden ilustrar algunas de las interacciones ...Documentos de Trabajo. 1994-11-10
Borradores de Economía; No. 9 -
¿A qué juegan el Gobierno y un Banco Central independiente?
En este trabajo se aplican algunos conceptos elementales de la teoría de juegos al estudio de las interacciones entre el gobierno y un banco central independiente, con objetivos divergentes sobre la inflación, el crecimiento ...Artículos de revista. 1994-12-01
Revista Ensayos Sobre Política Económica; Vol. 13. No. 26. Diciembre, 1994. Pág.: 93-124. -
A regional economic policy for Colombia
This paper proposes a framework for a regional economic policy in Colombia. The regional characteristics and disparities of the country are studied, and regional disparities are shown to be both significant and persistent ...Documentos de Trabajo. 2004-11-16
Borradores de Economía; No. 314 -
A regional study of the colombian corporate sector: differences, trends and developments in different cities
The study presented here looks at the Colombian corporate sector broken down by city. In particular, it studies the eight main cities of the country. It is an initial study, maybe the first of its kind, and it aims to ...Documentos de Trabajo. 2006-02-12
Borradores de Economía; No. 373 -
A signal of imperfect portfolio capital adjustments from the relationship between yields of domestic and foreign colombian debt
In this paper we check the relationship between the yields of the Colombian bonds traded in the (secondary) internal market and the yields of the sovereign global securities for the sample period 1999-2001. The hypothesis ...Documentos de Trabajo. 2002-08-20
Borradores de Economía; No. 216 -
A simple test of momentum in foreign exchange markets
This study proposes a new method for testing for the presence of momentum in nominal exchange rates, using a probabilistic approach. We illustrate our methodology estimating a binary response model using information on ...Documentos de Trabajo. 2011-03-20
Borradores de Economía; No. 647 -
A Spatio-temporal Analysis of Agricultural Prices: An Application to Colombian Data
This paper studies whether the geographical separation of markets constitutes a factor that helps explain the dynamics of agricultural prices. To do this, we employ a highly disaggregated dataset for Colombia that consists ...Documentos de Trabajo. 2012-09-20
Borradores de Economía; No. 734 -
A tropical success story: a century of improvements in the biological standard of living, Colombia 1910-2002
In this paper the evolution in the average height of Colombians from 1910 to 1984 is analyzed. The anthropometric evidence reveals a sustained increase in the standard of biological welfare during this period. A database ...Documentos de Trabajo. 2004-05-20
Borradores de Economía; No. 289
