Colombia está en serio riesgo de perder, en cuestión de meses, más de 15 años de avances en reducción de pobreza por cuenta de la recesión económica causada por COVID-19, con todas las penas que eso implica para millones de… Leer más ›
Macroeconomía y Finanzas Públicas
Conoce y critica el Plan Nacional de Desarrollo
Conoce y comenta el Plan Nacional de Desarrollo 2014-2018, la hoja de ruta para el país en los próximos cuatro años, antes de ser aprobado por el Congreso de la República. Si quieres revisar los mismos documentos que leen y… Leer más ›
Are recent performance and trends of New York State’s finances sustainable?
Are recent performance and trends of New York State’s finances sustainable? The following post will argue that New York’s finances are in a non-sustainable path, facing major projected budget deficits that require fiscal reform. To answer this question, we’ll go… Leer más ›
Could fiscal rules and performance budgeting have avoided some recent government budgeting disasters?
“The budget should be balanced, the treasury should be refilled, public debt should be reduced (…) lest Rome become bankrupt.” Marcus Tullius Cicero (64 B.C.)[1] Could fiscal rules and performance budgeting have avoided some of the recent government budgeting disasters?… Leer más ›
Towards a more stable global reserve system
Paper co-authored by Christopher Reim (US), Mariam El Hamiani Khabat (Morocco), Vladimir Olarte Cadavid (Colombia), Deepika Sharma (India), and Bill Papadakis (Greece) from Columbia University for the symposium ‘New World, New Capitalism’ hosted by the French Ministry of Economy, Industry… Leer más ›
The limitations of capital market liberalization in developing countries
Capital market liberalization, the international free flow of money and investments, was the most debated policy issue of the 1990s (Stiglitz, 2007) and became an important feature of contemporary globalization. However, this liberalization has also been a catalyst, an intensifier,… Leer más ›