Showing 971 - 980 of 1,028
Persistent link: https://www.econbiz.de/10000145381
Persistent link: https://www.econbiz.de/10000448997
This paper presents a DSGE model with banks that face moral hazard in management. Banks receive demand deposits and fund investment projects. Banks are subject to potential withdrawals by depositors which may force them into early liquidation of their investments. The likelihood of this...
Persistent link: https://www.econbiz.de/10011251819
We argue that international lenders take into account that taxes (or subsidies) affect borrowers’ available income for debt repayments. Using an endowment-economy model, we show that by incorporating this fact into the analysis of ?financial crises from the pecuniary externality perspective,...
Persistent link: https://www.econbiz.de/10011252712
En este documento se analiza el mecanismo de formación de las expectativas de inflación en Colombia usando diferentes medidas de esta variable a uno y dos años. Los resultados indican que las expectativas se forman de manera adaptativa y racional. Hay evidencia que soporta la hipótesis de...
Persistent link: https://www.econbiz.de/10011255395
Persistent link: https://www.econbiz.de/10000537855
Persistent link: https://www.econbiz.de/10000465185
Persistent link: https://www.econbiz.de/10000502262
Este artículo evalúa el efecto de los centros de cuidado infantil sobre la participación laboral y la empleabilidad de madres de menores de cinco años. Con este fin, se analiza la provisión pública de los centros de cuidado provistos por el Gobierno de la ciudad de Medellín a través de...
Persistent link: https://www.econbiz.de/10011272929
We provide evidence of private returns to education and externalities which jointly render social returns in the labor market of Colombia. The spillover in the cities is generated by the share of college educated workers in the working-age population. Thus, the higher is this share in the...
Persistent link: https://www.econbiz.de/10011274580