Central bank research hub - Series: Central Bank of Colombia Working Papers 2016

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Efficiency of Public Education in a Multiproduct Context: The Case of Colombian Municipalities

by Ligia Alba Melo-Becerra , Lucas Wilfried Hahn-De-Castro , Dalma Sofía Ariza-Hernández and Cristian Oswaldo Carmona-Sanchez

Paper: 979, 01.12.2016

JEL: C23, D24, H75, I20
Fiscal Multipliers, Oil Revenues and Balance Sheet Effects

by Martha López

Paper: 976, 01.12.2016

JEL: D91, E21, E62
Free-riding on Liquidity in the Colombian LVPS

by Constanza Martínez and Freddy Cepeda

Paper: 977, 01.12.2016

JEL: C23, E42, G20
Foreign Exchange Intervention Revisited: A New Way of Estimating Censored Models

by Mauricio Villamizar-Villegas , Daniel Ordoñez-Callamand and Luis F. Melo-Velandia

Paper: 972, 01.11.2016

JEL: C14, C22, C24, E58, F31
Assessing the Effect of Payroll Taxes on Formal Employment: The Case of the 2012 Tax Reform in Colombia

by Carlos Medina and Leonardo Fabio Morales

Paper: 971, 01.11.2016
Sovereign Risk and the Real Exchange Rate: A Non-Linear Approach

by Jair N. Ojeda-Joya and Gloria Sarmiento

Paper: 970, 01.11.2016

JEL: C32, E43, F31
Determinants of structural unemployment in Colombia. A search approach

by Luis E. Arango and Luz A. Flórez

Paper: 969, 01.11.2016

JEL: E24, J3, J4
Estimating the Effect of Attending a Public versus a Private University in Colombia on Academic Achievement

by Arlen Guarín , Sebastián Londoño , Carlos Medina , Julieth Parra , Christian Posso and Carlos Eduardo Vélez

Paper: 968, 01.10.2016
Supplementary Material for "The Effects of Foreign Exchange Intervention: Evidence from a Rule-Based Policy in Colombia"

by Guido M. Kuersteiner , Mauricio Villamizar-Villegas and David C. Phillips

Paper: 965, 01.10.2016

JEL: C22, E58, F31
Effective Sterilized Foreign Exchange Intervention? Evidence from a Rule-Based Policy

by Guido M. Kuersteiner , Mauricio Villamizar-Villegas and David C. Phillips

Paper: 964, 01.10.2016

JEL: C22, E58, F31
Commodity Price Fluctuations, Core Inflation and Policy Interest Rates

by Javier G. Gómez-Pineda

Paper: 967, 01.10.2016
Finance neutral potential output: an evaluation on an emerging market monetary policy context

by J. Sebastián Amador-Torres

Paper: 958, 01.09.2016

JEL: C53, E37, E44, E47, E52
Whose Balance Sheet is this? Neural Networks for Banks' Pattern Recognition

by Carlos León , José Fernando Moreno and Jorge Cely

Paper: 959, 01.09.2016

JEL: C45, C53, G21, M41
The Bank Lending Channel of Monetary Policy: Does the Financial Structure of Banks Matter

by Ali M. Kutan , Jair N. Ojeda-Joya , María Camila Ortiz and Jose E. Gomez-Gonzalez

Paper: 953, 01.08.2016

JEL: E5, E52, E59, G21
The Effects of In utero Programs on Birth Outcomes: The Case of "Buen Comienzo"

by Carlos Medina and Lina Cardona-Sosa

Paper: 955, 01.08.2016

JEL: I38, J13, J18
The Role of Capital Requirements and Credit Composition in the Transmission of Macroeconomic and Financial Shocks

by Daniel Osorio , Oscar Valencia and Pablo Garay

Paper: 954, 01.08.2016

JEL: E5, G21, G28
Announcements are not Enough: Foreign Exchange Intervention under Imperfect Credibility

by Mauricio Villamizar-Villegas , Jose E. Gomez-Gonzalez and Julian A. Parra-Polania

Paper: 949, 01.07.2016

JEL: D43, E58, F31, G20
How Productive is Rural Infrastructure? Evidence on Some Agricultural Crops in Colombia

by Lina Ma. Ramírez-Villegas and Ignacio Lozano-Espitia

Paper: 948, 01.06.2016

JEL: C21, H41, Q12, Q15, R42
Productivity Measures for the Colombian Manufacturing Industry

by Alejandra González and Camila Casas

Paper: 947, 01.06.2016

JEL: D24, L25, L60
Non-monotonic Tradeoffs of Tiering in a Large Value Payment System

by Freddy H. Cepeda and Carlos A. Arango

Paper: 946, 01.06.2016

JEL: E42
Relevance of the fiscal-policy setup in the analysis of macroprudential and ex-post financial crisis interventions

by Carmiña O. Vargas and Julian A. Parra-Polania

Paper: 945, 01.06.2016

JEL: D62, E62, F34, F41, H23
Intra-household labour supply after an unemployment event: The added worker effect

by Lina Cardona-Sosa , Luz Adriana Flórez and Leonardo Morales Zurita

Paper: 944, 01.06.2016

JEL: J20, J22, J38
Stock Market Volatility Spillovers: Evidence for Latin America

by Santiago Gamba-Santamaria , Jose Eduardo Gomez-Gonzalez , Jorge Luis Hurtado-Guarin and Luis Fernando Melo-Velandia

Paper: 943, 01.05.2016

JEL: C32, G01, G15
When Bubble Meets Bubble: Contagion in OECD Countries

by Jose Eduardo Gomez-Gonzalez , Andrés Pinchao-Rosero , Juliana Gamboa-Arbeláez and Jorge Hirs-Garzón

Paper: 942, 01.05.2016

JEL: C22, G01, G12
Uncovering the Portfolio Balance Channel with the use of Sovereign Credit Ratings

by Mauricio Villamizar-Villegas , Laura Andrade-Pardo , Oscar Valencia-Arana and Diego Vásquez-Escobar

Paper: 941, 01.05.2016

JEL: C58, E44, G11, G14
Equity Markets' Clustering and the Global Financial Crisis

by Carlos León , Geun-Young Kim , Constanza Martínez and Daeyup Lee

Paper: 937, 01.04.2016

JEL: C38, G15, L22
Liquidity and Counterparty Risks Tradeoff in Money Market Networks

by Carlos León and Miguel Sarmiento

Paper: 936, 01.04.2016

JEL: D85, E58, L14
Banking Limits on Foreign Holdings: Disentangling the Portfolio Balance Channel

by Pamela Cardozo , Fredy Gamboa , David Perez-Reyna and Mauricio Villamizar-Villegas

Paper: 934, 01.03.2016

JEL: C14, C21, C31, E58, F31
It is mainly about where you work! Labor demand in the Colombian manufacturing sector

by Francesca Castellani , Nataly Obando and Luis E. Arango

Paper: 933, 01.03.2016

JEL: J23, R32
Gross Capital Flows and their long-term Determinants for Developing Economies: A Panel Co-integration Approach

by Fernando Arias , David Delgado , Daniel Parra and Hernán Rincón-Castro

Paper: 932, 01.03.2016

JEL: C5, F21, F32, F36
Credit Funding and Banking Fragility: An Empirical Analysis for Emerging Economies

by Ignacio Lozano-Espitia and Alexander Guarín-López

Paper: 931, 01.03.2016

JEL: C11, C52, C53, G01, G21
Nonlinear Pass-Through of Exchange Rate Shocks on Inflation: A Bayesian Smooth Transition VAR Approach

by Hernán Rincón-Castro and Norberto Rodríguez-Niño

Paper: 930, 01.03.2016

JEL: C51, C52, E31, E52, F31
Inflation Expectations and a Model-Based Core Inflation Measure in Colombia

by Hernando Vargas-Herrera

Paper: 928, 01.02.2016

JEL: E31, E37, E52
Comparison of Methods for Estimating the Uncertainty of Value at Risk

by Santiago Gamba Santamaría , Luis Fernando Melo Velandia , Carlos Andrés Quicazán Moreno and Oscar Fernando Jaulín Méndez

Paper: 927, 01.02.2016

JEL: C51, C52, C53, G32
Labor Fluidity and Performance of Labor Outcomes in Colombia: Evidence from Employer-Employee Linked Panel

by Leonardo Fabio Morales and Daniel Medina

Paper: 926, 01.02.2016

JEL: J11, J60, J63
Interregional Input-Output Matrix for Colombia, 2012

by Eduardo Amaral Haddad , Weslem Rodrigues Faria , Luis Armando Galvis-Aponte and Lucas Wilfried Hahn-De-Castro

Paper: 923, 01.02.2016

JEL: R15
A Structural Model to Evaluate the Transition from Self-Commitment to Centralized Unit Commitment

by Sergio Camelo , Luciano de Castro , Anthony Papavasiliou , Álvaro Riascos and Shmuel Oren

Paper: 922, 01.02.2016

JEL: L11, L5, L89, Q40, Q42, Q49