Herrera-Pinto, Nicolle Valentina
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- Publicación |By analyzing nearly two decades of monetary policy minutes using natural language processing tools, this study shows that these documents effectively explain monetary policy decisions, insofar as they shed light on the internal balance of risks assessed by the Board of Directors. This balance is…
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Financial conditions reflect the state of financial factors that, through various channels (e.g., leverage), influence the current and future evolution of key economic variables (Hatzius et al., 2010). Accordingly, the Financial Conditions Index (FCI) for Colombia is constructed to synthesize…
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Macroeconomic imbalances are understood as the deviations of key variables from their long-term equilibrium values. These imbalances can accumulate over time, often during economic boom periods, increasing an economy’s vulnerability to adverse shocks and preface economic contractions and…






















