The frequency of financial crises over recent decades makes an in-depth study of the phenomenon imperative. This should involve particular attention to those points the different crises have in common, so as to draw lessons that can be used by financial authorities, regulators and the actual...

The fifth part, which consists of three chapters (15, 16 y 17), presents an introduction to the theory of economic growth. The fifteenth chapter presents a brief history of economic growth theory. Then, it analyzes the factors that determine the long-term behavior of aggregate and per capita...

La mayor integración económica entre Colombia y otros países de la región (especialmente Venezuela) puede convertirse en una fuente adicional de inestabilidad macroeconómica para el país. Para minimizar esta posibilidad es deseable que los socios comerciales armonicen sus políticas, de...

La estructura del modelo se puede explicar examinando sus tres componentes claves: el método contable, las ecuaciones de comportamiento y las reglas de proyección de las variables y la elección de variables residuales que exigen las partidas contables. A manera de ejemplo, se presentarán...

Much of the recent debate about macroeconomic theory and policy in the United Kingdom has been seen as a simple clash between monetarists and Keynesians. This article argues that the vision is false. It traces out the changes which have taken place in the British economy since the start of the...

Evento: Public Lecture at the International Center for Monetary and Banking Studies (ICMB), Geneva