Publications

Inaction on climate change implies a negative impact on potential GDP through capital, labor, and productivity. However, an orderly transition and effective adaptation strategies could generate a positive economic boost in the long run, despite the high uncertainty.

I'm sure that you all know the story of the emperor who was told by a group of con artists that they would dress him in a suit that was invisible to stupid people. The trick took a long time to be revealed because the emperor, like many of his subjects, was reluctant to admit his own shortcomings despite the evidence.

The diagnosis of the system's current problems is well known. Since the start of the 2008 financial crisis, pension spending has increased by 4% on average annually, whilst earnings have stagnated—or even decreased—as a result of a 17% fall in employment.

Colombia’s entry into the OECD, which was announced a couple of weeks ago, is good news, as I said in a previous column, both for what we have done and what we are going to do to look good in the photo of the countries with best practices.

Pensions are again at the heart of an intense debate. Adjustment for inflation and the repeal of the 2011 and 2013 reforms are among the demands that are putting the sustainability of the system, and consequently the sufficiency of future pensions, at risk.

Los vientos de cola que venía disfrutando América Latina hasta el año 2013 siguen amainando y con ellos, las perspectivas de corto y largo plazo para la región, por lo menos mientras no se aborde con decisión el impulso a la productividad a través de las reformas estructurales.