For policy makers and business cycles analysts is important to count on variables that anticipate points of inflection in economic activity. This paper studies aggregate real money balances as leader indicator of the economic activity based on a Probit mo

Japanese Foreign Direct Investment in Peru was substantial in his beginnings, in the 60s and 70s, and has been decreasing unable to achieve sustainable levels as Japanese investment in Asia. Using the development concepts of “flying geese-pattern” model, and explaining the singular business...

This article describes the argumentative structure of Hayek on the relationship between tax policy and redistribution. It is observed throughout its work giving special attention to two of his works: The Constitution of Liberty (1959) and Law, Legislation and Liberty, Vol. 3, The Political Order...

Fiscal policy was key determinant of macroeconomic behavior during the 80s, however it is necessary to distinguish the effects of shocks over fiscal policy from those resulting of policy decisions. For that purpose the study uses, with an adjustment, the methodology developed by Marshall and...

This paper aims to analyze, through the public policy approach, "Agro, Ingreso Seguro" -AIS-, key component of the Colombian agricultural policy of the late 2000s. Through this approach it is seen that AIS responded to real social problems and it was based on a set of guidelines used worldwide....

Due to the supported economic growth of the first decade of the 21st century, Colombia managed to reduce the levels of poverty and inequality. Nevertheless, the country continued to present one of the most inequitable economies in the world maintaining a high income concentration. In that sense,...

Chronic inflation has affected Latin America for decades, leading to numerous stabilization attempts. In this article, we develop a novel database with 46 stabilization plans in 13 Latin American countries between 1970-2020, which we classified into three categories: failures, transitory...

Chronic inflation has affected Latin America for decades, leading to numerous stabilization attempts. In this article, we develop a novel database with 46 stabilization plans in 13 Latin American countries between 1970-2020, which we classified into three categories: failures, transitory...

This article aims to make an approach to the definition and meaning of social policies through the theory of contracts, a distinction between these and public policy. For this, the contributions of some officials of the Municipality of Medellín and other municipal organizations in a focus group...

In order to create an environment of low and stable inflation in Mexico it has been necessary to generate a framework for the conduction of monetary policy focused on price stability along with fiscal discipline. This paper describes some structural achievements to control inflation that have...