Este documento sostiene que, independientemente del arreglo institucional, las autoridades monetarias han estabilizado el ciclo económico, y control de la inflación no ha sido el único objetivo de la política monetaria,

The dynamic commons problem aries when different groups in society engage in intense redistributive activity as a result of an export boom. This paper analyzes the role that institutions play in ameliorating that problem in the case of coffee and oil in Colombia, The paper presents model that...