This document looks at the deindustrialization process in Colombia during 1965-2012, attempting to distinguish between “secular movements” (normal) from factors that have accelerated its process as a result of the Dutch Disease. This is a case of accelerated deindustrialization, where the...

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...

This study examines the fiscal impact of the pension reform adopted in Colombia in 1993, which established a fully funded, privately administered pension system alongside the existing pay-as-you-go state scheme. The reform increased the contribution rate and reduced the benefits of the state...

This paper focuses on monetary and exchange rate policies in Colombia, with particular emphasis on the period 1999-2002, when flotation of the peso and inflation targeting were adopted. We argue, first, in favor of adopting quot;operational inflation target rangesquot; and, second, in favor of...

This paper was written with the objective of contributing in the analysis, from an economics perspective, of the Colombian Peace Agreement considering these three issues: i) peace dividends that may result from reducing budgetary allocations to the Colombian Armed Forces (= military expenditure...

This document assesses the financial risks involved in funding public transportation through concessions in Colombia over the period 2002-2018. During this period, the Uribe and Santos Administrations launched and ambitious program of concessions, requiring investments amounting to US$20 billion...

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 system...

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...