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...

Abstract: This paper presents a new data set on electoral systems and outlines its potential uses in further research exploring the connections between electoral systems and economic outcomes. The data set provides indicators of the degree to which individual politicians can further their...

Introduction. Colombia faces a critical juncture in its recent history. One road leads to violence, chaos and economic collapse. The other leads to peace, reforms and economic progress. Hoping that the second road will be chosen, this document offers ideas about institutional reforms and...

Este documento analiza el comportamiento de la industria del cemento en Colombia en las últimas décadas. En particular, estudia la relación que existe entre el precio y las cantidades producidas de cemento durante el período 1980 - 2006, así como los determinantes del comportamiento de...

This paper examines the history and economic effects of the BDT in Colombia. Section II reviews the history of the BDT in Colombia. Section III discusses its use throughout Latin America. Section IV examines the effects of Colombia’s BDT on efficiency, equity, and tax administration. Section V...

Los resultados fiscales colombianos en términos de sostenibilidad, adaptabilidad y eficiencia son menos favorables a los que se podrían predecir de acuerdo a las reglas formales del proceso presupuestal, lo que sugiere que existen otros elementos que explican el desempeño fiscal. Entre estos...

Resumen: Las remesas que entran a Colombia han aumentado sustancialmente en los últimos años como reflejo del incremento en el flujo migratorio que vivió el país a finales de la década de los noventa. En 2003 se convirtieron en la segunda fuente de divisas del país. Además de mejorar el...

ABSTRACT: This paper presents an overview of recent fiscal history in Colombia, and it projects the future course of fiscal deficits and the debt-to-GDP ratio under several different budgetary scenarios. Our projections, which are based on the macroeconomic and fiscal models developed at the...

Abstract: This paper adds to previous research on the causes of crime in Colombia by using a new dataset and better econometric estimations. The paper is a "meta" study on the past empirical research on crime. Based on microeconomic foundations, it tests several hypotheses on crime in Colombia....