We investigate the inflation rate in Colombia in terms of excess money, excess demand, deviations from PPP, and wage inflation. In contrast to previous results for a group of industrial economias, we find that domestic factors are a far more powerful influence on inflation than are external...

This paper proposes a simple ordered probit model to analyse the monetary policy reaction function of the Colombian Central Bank. There is evidence that the reaction function is asymmetric, in the sense that the Bank increases the Bank rate when the gap between observed inflation and the...

El propósito de este estudio es analizar el cambio en magnitud, composición y distribución del gasto de los hogares en los años 1997 y 2003, usando las encuestas de calidad de vida. Este análisis encuentra una gran disminución del gasto per cápita (23.9%), especialmente en zonas urbanas y...

From the Choice Theory we considered the way in which certain population characteristics affect the households health expenditure in Colombia. The approach of this paper is based on Deaton’s work (1980), where the choice set of the individuals is the intercession of the budgetary set and the...

ABSTRACT: In this paper we reviewed the models of volatility for a group of five Latin American countries, mainly motivated by the recent periods of financial turbulence. Our results based on high frequency data suggest that Dynamic multivariate models are more powerful to study the volatilities...

This paper describes the real sector privatization program in Colombia during the nineties and puts that policy in the context of general market deregulation and promotion of private investment in the provision of public infrastructure and domiciliary public services strategy. The paper...

En este documento se esbozan los principales avances en cuanto a cobertura en salud, demanda de servicios médicos, y percepción del estado de salud en Colombia por medio de la Encuesta de Calidad de Vida de 1997 y 2003. Se encuentra un aumento en la cobertura en salud en la población donde el...