Colombia sera probablemente uno de los últimos países de la región en adoptar un esquema de tasa de cambio nominal fijo: se trata de una economía cerrada, afectada por shocks asimétricos de producto y política económica, y no muy integrada con la economía de los Estados Unidos. El nivel...

Abstract: High inequality has long been regarded as one of the main problems facing Latin American countries. To understand better the determinants of inequality and to help guide thinking about policy options, it would be useful to know whether inequality mainly reflects low intergenerational...

In the last decade the issue of the optimal degree of central bank independence has been at the center of attention of academics and policymakers in many countries. The direction of institutional reform has almost universally been toward making central banks more independent from political...

Abstract: In the last decade the issue of the optimal degree of central bank independence has been at the center of attention of academics and policymakers in many countries. The direction of institutional reform has almost universally been toward making central banks more independent from...