A5028837500- Economic Theory and Policy
- Global Financial Crisis and Policies
- Monetary Policy and Economic Impact
- Economic theories and models
- Banking stability, regulation, efficiency
- Fiscal Policy and Economic Growth
- Financial Literacy, Pension, Retirement Analysis
- Latin American Legal and Economic Studies
- Market Dynamics and Volatility
- History and Politics in Latin America
- Financial Markets and Investment Strategies
- Business, Education, Mathematics Research
- Economic and Social Development
- Insurance, Mortality, Demography, Risk Management
- Retirement, Disability, and Employment
- Employment, Labor, and Gender Studies
- Aging, Health, and Disability
- Italy: Economic History and Contemporary Issues
- Risk Management in Financial Firms
- Regional Development and Innovation
- Corporate Finance and Governance
- Business, Innovation, and Economy
- Labor market dynamics and wage inequality
- HIV/AIDS Impact and Responses
- Fiscal Policies and Political Economy
Banco de la República Colombia
2006-2024
Escuela Colombiana de Ingenieria Julio Garavito
2023
Conference Board
2021
Universitat Pompeu Fabra
2021
Barcelona School of Economics
2021
Institució Catalana de Recerca i Estudis Avançats
2021
Imperial College London
2021
Bank of Italy
2021
World Economic Forum
2021
National University of Saint Anthony the Abbot in Cuzco
2014
In this paper we investigate the impact of rapid credit growth on ex ante risk.We present microeconometric evidence positive relationship between and deterioration in lending portfolios: Loans granted during boom periods have higher probability default than those slow growth.In addition, given their importance for macroprudential policy, evaluate effectiveness implementation countercyclical loan provisions.We find a negative amplitude cycles kind tool.
In this paper we develop a dynamic stochastic general equilibrium fiscal model for the Colombian economy. The has three main components: existence of non-Ricardian households, price and wage rigidities, authority that finances government spending partly with public debt. is calibrated to capture empirical evidence on macroeconomic effects it used study effect an oil shock under different policy rules. Our results show multipliers in Colombia are positive way consistent evidence. analysis...
The recent flnancial crisis has brought to the forefront need of a better understanding transmission mechanisms monetary policy. main step forward in this direction drawn on work aimed at stressing role sector transmission. Particular emphasis been place how policy actions impact risk perceptions and attitudes banks other institutions, leading shifts supply credit. Along these lines, based evidence from Colombia, present paper flnds signiflcant link between low interest rates taking...
respectivamente:
Levels of interest rates below historical norms may have enhanced financial instability in both developed and developing economies during the 2000´s.The risk-taking channel monetary transmission policy is a recent theory that explains interaction between risk perceptions system policy.This paper presents empirical evidence using detailed information on consumer commercial loans from Colombian banking system.Using probit duration models, we find takes more when level are too low.We also...
The study examines the predictive capacity of book-to-market and earnings-to-price ratios in forecasting excess asset returns an emerging market economy like Colombia’s. objective is to determine magnitude which these help forecast if there any evidence that one outperforms other. Furthermore, addresses impact spread between domestic foreign policy interest rate returns. Using Bayesian techniques, findings suggest effect similar for both slightly higher case firms with ratios. Moreover,...
In this paper we expanded the closed economy model by Bernanke and Gertler (1999) in order to account for macroeconomic effects of an asset price bubble context a small open model.During nineties emerging market economies opened their financial accounts foreign investment but generated growing imbalances these economies.Our goal is twofold: first want analyze if conclusions remain case economy.And second, compare results terms volatility versus economy.Our show that conclusion about fact...
Utilizando un modelo macroeconomico de pequena escala para la economia colombiana, se investiga el problema seleccionar una regla politica simple; que utilice conjunto reducido informacion, sea consistente con regimen inflacion objetivo. A pesar las reglas simples no son tan eficientes como lo serian optimas, en literatura ha mostrado algunas pueden aproximarlas muy bien. Se explican caracteristicas los parametros reaccion y producto Taylor e IFB, asi horizonte optimo pronostico Mediante uso...
En este documento se ofrece evidencia sobre los aspectos macroeconomicos mas importantes de la politica fiscal en Colombia. primer lugar, su papel estabilizacion del ciclo economico el corto plazo y otros asuntos relacionados con estabilizacion, como impactos macro incertidumbre ocasionada por cambios recurrentes tributacion interrelacion entre monetaria. segundo evalua sostenibilidad deuda publica espacio disponible economia, factores que son cruciales para conocer margen discrecionalidad...
Mediante tecnicas de estimacion Bayesiana, estimamos para la economia colombiana un modelo dinamico estocastico equilibrio general una pequena y abierta que se enfrenta a imperfecciones en el mercado credito. Mostramos combinacion efectos hoja balance eleccion del regimen politica tasa cambio probablemente desempena importante papel magnificacion propagacion choques iniciales economia. Como aplicacion, mostramos nuestro explica crisis 1998 1999, cuando incremento los Spreads deuda tuvo...
Ensayos Sobre Politica Economica No. 96 / Pensiones, Análisis macroeconómico, cobertura, Finanzas publicas, Tendencias demográficas, Envejecimiento poblacional, Pensions, Macroeconomic analysis, Coverage, Public finances, Demographic trends, Population aging H55, J11, J26, E60, C68, E20
En el presente trabajo reportamos especies de ácaros Astigmata y Prostigmata que producen patología humana en Perú. El estudio se hizo pacientes acudieron al Instituto Medicina Tropical «Daniel A. Carrión» Huinco polvo doméstico Lima, Lambayeque, Trujillo Ucayali; consideraron además referencias bibliográficas publicadas respecto. Hallamos los siguientes Astigmata: Tyrophagus putrescentiae, Acarus siro, Suidasia sp., Dermatophagoides pteromyssinus, Glycyphagus domesticus, Sarcoptes scabiei;...
Este documento estudia el ciclo del credito en Colombia durante periodo 2000 – 2017 y los principales choques que lo afectaron. Adicionalmente, se estudian efectos sobre las variables reales de diferentes choques. Utilizamos micro-datos la Superintendencia Financiera, Supersociedades Balanza Pagos. Nuestros hallazgos son choque liquidez causado por un cambio ponderaciones titulos deuda gobierno dos indices JP Morgan, marzo 2014, explico cerca 30% incremento promedio firmas. El principal...