This survey describes the timing and main macroeconomic results of the ambitious structural reforms adopted by Chile in the middle and late 1970s and by Colombia almost a decade later in the late 1980s and early 1990s. These reforms have enabled both countries to maintain vigorous real growth...

Spanish Abstract: Este documento propone una reforma tributaria comprensiva tendiente a: i) asegurar la sostenibilidad de la relación Deuda Gobierno Central/PIB de tal manera que no se desborde el umbral del 70%, sabiéndose que esta ha subido del 35% al 52% en pre-pandemia; ii) mejorar la...

This document provides a fiscal-periscope analysis of Colombia, meaning a 360-view of the backward-looking obligations (clearing sectorial arrears), present obligations (debt burden), and forward-looking obligations (contingent and those resulting from covid-pandemic). We make a recollection of...

This document examines the macro-economic performance of Colombia before pandemic (2015-2019) and then assess prospects over 2020-2024, with particular emphasis on fiscal stabilization. We first provide a long-term view and extract some of the fiscal characteristic of Colombia such as: i)...

This document presents fiscal simulations to visualize possible trajectories of the Colombian Consolidated Public Debt/GDP ratio over 2019-2024. The main conclusion is that the driving-force to stabilize such ratio must come from efforts to increase tax-collections from 14% to 16% of GDP over...

Spanish Abstract: Este documento presenta simulaciones presupuestales para visualizar la posible trayectoria de la relación Deuda Pública/PIB de Colombia durante el horizonte 2019-2024. De allí sale claro que el principal esfuerzo para estabilizarla debe provenir de mayor tributación, como...

Spanish Abstract: Este documento analiza las implicaciones de las reformas pensional y laboral radicadas recientemente por la Administración Petro (2022-2026). Ellas apuntan a establecer un cuasi-monopolio público bajo un sistema de "reparto simple" (Colpensiones), al tiempo que se vuelve más...

This document analyzes the structure of the health care system in Colombia with the aim of establishing the magnitude of the public fiscal deficit generated by such a system. We first explain its complex funding structure (full of “cross-subsidies”) and then we run simulations to establish...

This paper analyzes the economic rationale for adopting parametric pension reforms and reforms broadening the coverage of public health care in Colombia during 1993–2008. Parametric pension reforms have focused on increasing the retirement age and moderating replacement rates. The health...

En este documento se analiza, desde la óptica de un país usuario de los recursos de las multilaterales (FMI- Banco Mundial), el proceso de exigencias a estos organismos y las respuestas macroeconómicas que finalmente dieron durante el reciente periodo de crisis internacional (1997-2000)....