In this paper we look at the long-run relationship between the parallel and the official exchange rate in Colombia over two regimes; a crawling peg period and a more flexible crawling band one. The existence of cointegration between the parallel and official exchange rates in Colombia is...

This paper surveys gender wage gaps in Colombia from 1994 to 2006, using matching comparisons to examine the extent to which individuals with similar human capital characteristics earn different wages. Three sub-periods are considered: 1994-1998; 2000- 2001; and 2002- 2006. The gaps dropped from the...

This paper surveys gender wage gaps in Colombia from 1994 to 2006, using matchingcomparisons to examine the extent to which individuals with similar human capitalcharacteristics earn different wages. Three sub-periods are considered: 1994-1998; 2000-2001; and 2002- 2006. The gaps dropped from the first...

This paper surveys gender wage gaps in Colombia from 1994 to 2006, using matchingcomparisons to examine the extent to which individuals with similar human capitalcharacteristics earn different wages. Three sub-periods are considered: 1994-1998; 2000-2001; and 2002- 2006. The gaps dropped from the first...

This paper proposes a simple Ordered Probit model to analyse the monetary policy reactionfunction of the Colombian Central Bank. There is evidence that the reaction function isasymmetric, in the sense that the Bank increases the Bank rate when the gap between observedinflation and the inflation...