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...

In the 1990’s descentralization in Colombia, a process which had begun a decade earlier, was sharply accelerated. The percentage of current Central Government revenues that are automatically transferred to the regional governments quickly jumped from about 20% to over 40%. Many analysts...

"El objetivo central de este documento es describir y evaluar críticamente los aspectos y resultados centrales de la reforma eléctrica en Colombia, entendiendo que tal diagnóstico es el punto de partida necesario para avanzar hacia una organización sectorial más práctica y útil, adoptando...

Abstract. We attempt to spell out the causes and costs of Colombia´s crime situation. Homicide rates are the highest in the world, three times higher than those of Brazil & Mexico and ten times higher than those of other Latin American countries. Paradoxically, Colombia is not exceptional with...

In the 1990’s descentralization in Colombia, a process which had begun a decade earlier, was sharply accelerated. The percentage of current Central Government revenues that are automatically transferred to the regional governments quickly jumped from about 20% to over 40%. Many analysts...

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...

This paper studies the main social programs of the Colombian public sector. Traditionally, health and education expenditure have played the lion´s share both in the theoretical discussions and in the allocation of social spending in Colombia. I argue that other programs, with more indirect...