Achieving a fair distribution of resources is one of the goals of fiscal policy. To this end, governments often transfer tax resources from richer to more marginalized areas. In the […]

Against a background of financial liberalisation reforms, we assess the extent of market integration and competition in Colombian retail deposits and loans markets. We employ a dataset comprising bank-level interest […]

In this paper we build an incomplete-markets model with heterogeneous households and firms to study the aggregate effects of saving constraints and credit constraints in general equilibrium. We calibrate the […]

Transportation policies have a valuable influence on the allocation of resources within cities. Therefore, investigating the impacts of transit interventions is relevant, especially in developing countries where informal housing is […]

We study the effect of price variations over time and across space on search intensity and search time by consumers in retail markets for diesel in France. The main contribution […]

We study the electoral effects of the arrival of 1.3 million Venezuelan refugees in Colombia as a consequence of the Venezuelan humanitarian crisis. We exploit the fact that forced migrants […]

Transport infrastructure investment impacts mobility and may significantly affect the capitalisation of the areas surrounding these infrastructure projects, even before the projects are completed. This paper analyses the impact that […]

It is currently estimated that approximately 55% of the world population lives in urban centers (World Bank, 2020). This is partly caused by phenomena such as the migration of people […]