May 2011
Author(s): Matsumoto, Akito; Cova, Pietro; Pisani, Massimiliano; Rebucci, Alessandro
This paper studies equity price volatility in general equilibrium with news shocks about future productivity and monetary policy. As West (1998) shows, in a partial equilibrium present discounted…
Apr 2011
Author(s): Hofstetter, Marc; Tovar, Jorge; Urrutia, Miguel
Government intervention in the construction sector as a way to boost the economy has been a constant in Colombia for the past 90 years. This paper explicitly tests the impact of the most recent of…
Dec 2010
Author(s): Scartascini, Carlos; Spiller, Pablo T.; Stein, Ernesto H.; Tommasi, Mariano; Alston, Lee J.; Melo, Marcus André; Mueller, Bernardo; Pereira, Carlos; Aninat, Cristóbal; Londregan, John; Navia, Patricio; Vial, Joaquín; Cárdenas, Mauricio; Pachón, Mónica; Mejía Acosta, Andrés; Araujo, María Caridad; Pérez-Liñán, Aníbal; Saiegh, Sebastián; Lehoucq, Fabrice; Negretto, Gabriel; Aparicio, Francisco Javier; Nacif, Benito; Benton, Allyson Lucinda; Molinas, José R.; Montero, Marcela; Monaldi, Francisco; González de Pacheco, Rosa Amelia; Obuchi, Richard; Penfold, Michael
¿Qué determina la capacidad de los países para diseñar, aprobar e implementar políticas públicas efectivas? Para abordar esta pregunta, este libro analiza el proceso de formulación de políticas en…