In this article, an open-economy optimal monetary rule is estimated for Colombia over the period 1991-2006 using the Generalized Method of Moments (GMM). The results show that in 1991-1999 the monetary authorities had two targets: one for the inflation rate and another for the exchange rate. In...

Las internaciones hospitalarias prolongadas, o más largas de lo médicamente necesario, son una gran preocupación para pacientes, pagadores y proveedores. Conceptualizamos y estimamos empíricamente la prevalencia y el costo de las internaciones prolongadas entre pacientes hospitalizados de...

Switching costs have received increasing attention from academics and practitioners in recent years.Although the implications of switching costs for consumers and firms have been well-documented in the literature, less attention has been paid to studying the consequences of switching costs for...

This survey article provides a microeconomic perspective of institutional design and public policy, focusing on the way the relations between voters, politicians and bureaucrats produce efficients outcomes in public policy. It points out the relevance of information and monitoring costs,...

Este libro recoge las ponencias presentadas en la conferencia Investigación, políticas y desarrollo, realidad en el marco del 25 aniversario del Grupo de Análisis para el Desarrollo. Las páginas de esta publicación incluyen balances de investigación empírica relevantes para el logro de...

The desing of a regional development policy for the southeast of Mexico should go beyond and increase in social expenditure: it requires a trough policy review to attack the structural problems which have inhabited the region’s economic development. This paper presents evidence of social and...

This article summarizes the main line thought of Eduardo Wiesner, who has greatly influenced Colombian public policy. Wiesner is aware of the most important discussions on contemporary economic theory and has been able to convert them into legislative proposals. He shows the importance of market...

<b>RESUMEN:</b><br> <br> En los últimos años, la inserción laboral de los jóvenes se ha ido convirtiendo en un gran reto para la mayoría de los países europeos. Este trabajo se centra en el análisis de la situación laboral de los jóvenes a nivel europeo, nacional y regional, con el objetivo de...