Financial inclusion has been one of the key pillars of Colombia’s development strategy for a number of years. Financial …

The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its … GaR analysis, policymakers can quantify the likelihood of risk scenarios, which would serve as a basis for preemptive …

This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook …

We study the growth determinants in the Eastern Caribbean Currency Union (ECCU), using the Growth at Risk (GaR …

improved since the mid-1980s; that private investment is mostly influenced by the risk of expropriation, the degree of civil … liberty, and the degree of independence of the bureaucracy; and that economic growth is affected by the risk of expropriation …

higher investment, lower inflation, lower government consumption, better fiscal stance, improved political environment …

We study inflation dynamics in Colombia using a bottom-up Phillips curve approach. This allows us to capture the … different drivers of individual inflation components. We find that the Phillips curve is relatively flat in Colombia but steeper … dynamics are important for non-tradable goods. We show that besides allowing for a more detailed understanding of inflation …