The shock-absorber role of the internal public debt in Colombia, 1923-2003

Borradores de Economia
Número: 
342
Publicado: 
Clasificación JEL: 
H62, H63, N16
Palabras clave: 
Internal public debt in Colombia

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The hypothesis that the internal public debt has played the role of shock absorber in Colombia since 1923 is modelled. 1923 was an important landmark in the history of Fiscal and monetary reforms in Colombia during the twentieth century. The econometric r