We propose to assess the performance of k forecast procedures by exploring the distributions of forecast errors and error losses. We argue that non systematic forecast errors minimize when their distributions are symmetric and unimodal, and that forecast accuracy should be assessed through...

Poco se sabe en Colombia acerca de las competencias académicas de los maestros. Este documento investiga sobre el estándar académico de las personas que cursan y se gradúan de programas superiores en educación. Los resultados indican que existe una relación inversa entre el desempeño en...

The recent financial crisis has renewed the interest of economists, both at the theoretical and empirical level, in developing a better understanding of credit and its mechanisms. A rapidly growing strand of the literature views banks as facing funding restrictions that condition their borrowing...

Con un sistema financiero complejo que ofrece productos cada vez más sofisticados, y la mayor facilidad para acceder a estos, los individuos pueden incurrir en prácticas financieras indeseadas que deterioran su bienestar y perturban el funcionamiento de la economía en general. Este documento...

En este artículo se utiliza la ampliación de la red pública hospitalaria de Barranquilla, como un cuasi-experimento que evalúa los avances en la accesibilidad geográfica y la equidad en la prestación del servicio de salud. En particular, se emplean medidas de gravedad para calcular la...

Scale-free (inhomogeneous) connective structures with modular (highly clustered) hierarchies are ubiquitous in real–world networks. Evidence from the main Colombian payment and settlement systems verifies that local financial networks have self-organized into a modular scale-free architecture...

We assess the effects of the Colombian Unemployment Subsidy (US) program on future labor participation, unemployment, formality, school attendance and earnings of its beneficiaries, on household earnings and school attendance of the household members, and on weight and height of their children...

To evaluate whether transparency is beneficial, it is usual to assume that the central bank may choose one of two options, opacity versus truthful communication. However, the monetary policymaker may have incentives to misrepresent private information so as to reduce economic volatility by...

This paper provides empirical evidence of the impact of fiscal decentralization on Colombia’s public basic education. Based on the social and economic data available for 1,003 municipalities and 13,670 public schools, for the last decade, we confirmed that decentralization has had a positive...

En este trabajo se evalúa la calidad del empleo en Colombia. Usualmente, la calidad del empleo ha sido analizada a través de indicadores sintéticos que resumen sus distintas dimensiones. Sin embargo, esta aproximación carece de un marco teórico que respalde la elección y la ponderación de...