Browsing by Author "Vargas-Herrera, Hernando"
This paper introduces 4GM, a semi-structural model for monetary policy analysis and macroeconomic forecasting in Colombia. This model is based on a New-Keynesian rational expectation framework for an oil-exporting small ...Documentos de Trabajo. 2020-02-28
Effects of foreign participation in the colombian local public debt market on domestic financial conditions
Since 2014 the Colombian local public bond market experienced a substantial increase in the participation of foreign investors due to a reduction of the tax rates on foreign portfolio investment returns and the increase ...Documentos de Trabajo. 2020-05-18