ment of specific inflation targets, inflation-targeting regimes have been characterized by
increased transparency, enhanced communication with the public, and explicit …

El Banco de la República es hoy un órgano del Estado de naturaleza única, con autonomía
administrativa, patrimonial y técnica, que ejerce las funciones de banca central. Para finales …

After decades using monetary aggregates as the main instrument of monetary policy and
having different varieties of crawling peg exchange rate regimes, Colombia adopted a full …

■ Policy decision is taken by the Board of Governors■ A single policy recommendation by
the Deputy Governor■ The policy recommendation uses a battery of technical tools■ Board …

Este documento presenta una revisión cronológica de los Modelos de Equilibrio General
Dinámicos y Estocásticos (DSGE) desde 1995 hasta el 2011 desarrollados para la …

El presente trabajo estudia el efecto de la política fiscal sobre el empleo y la producción de
los sectores formales e informales. En particular, se estudia cuáles tipos de impuestos son …

Resumen El Fan Chart representa la función de probabilidades de los valores fu-turos de
una variable, condicional a la información conocida en el presente. En contraste con la …

Even though inflation has been low in the last years in Albania and inside the target rate of
about 3 percent determined by Bank of Albania, considering the relevance of this variable …

After decades using monetary aggregates as the main instrument of monetary policy and
having different varieties of crawling peg exchange rate regimes, Colombia adopted a full …

This paper studies how informality reacts to fiscal policy instruments. We develop an
analytical framework with a dual labor market with frictions, where the formal sector, in …