Afonso, A., Jalles, J., & Kazemi, M. (2020). The effects of macroeconomic, fiscal and monetary policy announcements on sovereign bond spreads. International Review of Law and Economics, 63, 105924.
Aizenman, J., Binici, M. (2015). Exchange Market Pressure in OECD and Emerging Economies: Domestic vs. External Factors and Capital Flows in the Old and New Normal. NBER Working Papers, no 21662.
Aktas, Z., Kaya, N., & Özlale, Ü. (2010). Coordination between monetary policy and fiscal policy for an inflation targeting emerging market. Journal of International Money and Finance, 29(1), 123–138.
Anzoátegui, J. C., & Galvis, J. C. (2019). Efectos de la comunicación del banco central sobre los títulos públicos: Evidencia empírica para Colombia. Cuadernos De Economía, 39(77), 1–23.
Balima, W., Combes, J., & Minea, A. (2017). Sovereign debt risk in emerging market economies: Does inflation targeting adoption make any difference? Journal of International Money and Finance, 70(1), 360–377.
- Ballantyne, A., Gillitzer, C., Jacobs, D., y Rankin, E. (2016). Disagreement about Inflation Expectations. Research Discussion Paper RDP 2016–02, 1–42. Sydney.
Paper not yet in RePEc: Add citation now
Beetsma, R., Giuliodori, M., De Jong, F., & Widijanto, D. (2013). Spread the news: The impact of news on the European sovereign bond markets during the crisis. Journal of International Money and Finance, 34, 83–101.
- Beltrán, P. (2015). Precio del petróleo y el ajuste de las tasas de interés en las economías emergentes. Borradores de Economía, 901. Banco de la República.
Paper not yet in RePEc: Add citation now
Bianchi, F., & Melosi, L. (2014). Dormant Shocks and Fiscal Virtue. NBER Chapters. NBER Macroeconomics Annual, 28(1), 1–46.
Blinder, A. S. (2000). Central-Bank credibility: Why do we care? How do we built it? The American Economic Review, 90(5), 1421–1431.
Blinder, A. S., Ehrmann, M., Fratzscher, M., De Haan, J., & Jansen, D. J. (2008). Central bank communication and monetary policy: A survey of theory and evidence. Journal of Economic Literature, 46(4), 910–945.
Byrne, J. P., & Fiess, N. (2016). International capital flows to emerging markets: National and global determinants. Journal of International Money and Finance, 61, 82–100.
Capistrán, C., & Timmerman, A. (2009). Disagreement and biasses in inflation expectations. Journal of Money, Credit and Banking, 41(2–3), 365–396.
Ciro, J., & de Mendonça, H. (2017). Effect of credibility and reputation on discretionary fiscal policy: Empirical evidence from Colombia. Empirical Economics, 53(4), 1529–1552. https://doi.org/10.1007/s00181-016-1177-2 .
Coibion, O., & Gorodnichenko, Y. (2015). Information rigidity and the expectationsformation process: A simple framework and new facts. The American Economic Review, 105(8), 2644–2678.
Cukierman, A., & Meltzer, A. H. (1986). A theory of ambiguity, credibility and inflation under discretion and asymmetric information. Econometrica, 54, 1099–1128.
de Mendonça, H. F., & Machado, M. R. (2013). Public debt management and credibility: Evidence from an emerging economy. Economic Modelling, 30, 10–21.
de Mendonça, H. F., & Nicolay, R. T. F. (2017). Is communication clarity from fiscal authority useful? Evidence from an emerging economy. Journal of Policy Modeling, 39(1), 35–51.
- de Mendonça, H. F., & Silva, R. (2016). Observing the influence of fiscal credibility on inflation: Evidence from an emerging economy. Economics Bulletin, 36(4), 2333–2349.
Paper not yet in RePEc: Add citation now
Dovern, J., Fritsche, U., & Slacalek, J. (2012). Disagreement Among Forecaseter in G7 Countries. The Review of Economics and Statistics, 94(4), 1081–1096.
Ehrmann, M., Eijffinger, S., & Fratzscher, M. (2012). The role of central bank transparency for guiding private sector forecasts. Scandinavian Journal of Economics, 114(3), 1018–1052.
Evans, G. W., & Honkapohja, S. (2009). Learning and macroeconomics. Annual Rev Econ, 1, 421–451.
Falagiarda, M., & Gregori, W. (2015). The impact of fiscal policy announcements by the Italian government on the sovereign spread: A comparative analysis. European Journal of Political Economy, 39, 288–304.
Fujiwara, I., & Waki, Y. (2020). Fiscal forward guidance: A case for selective transparency. Journal of Monetary Economics, 116, 236–248.
Galvis, J., & Anzoátegui, J. (2019). Disagreement in inflation expectations: Empirical evidence for Colombia. Applied Economics, 51(40), 4411–4424.
Geraats, P. M. (2002). Central bank transparency. The Economic Journal, 112(483), 532–565.
- Gomez, J., Valencia, O., Sánchez, G. (2021). Sudden Stops, Sovereign Risk, and Fiscal Rules. IDB Working paper series. Nº IDB-WP-1207.
Paper not yet in RePEc: Add citation now
Hansen, L. P. (1982). Large Sample Properties of Generalized Method of Moments Estimators. Econometrica, 50(4), 1029–1054.
Hauner, D., & Kumar, M. (2009). Financial conditions and fiscal performance in emerging markets. Contemporary Economic Policy, 27(1), 86–96.
Kim, W. (2019). Government spending policy uncertainty and economic activity: US time series evidence. Journal of Macroeconomics, 61, 103124.
Koop, G., Pesaran, M. H., & Potter, S. M. (1996). Impulse Response Analysis in Nonlinear Multivariate Models. Journal of Econometrics, 74(1), 119–147. https://doi.org/10.1016/0304-4076(95)01753-4 .
Leeper, E. (2009). Anchoring fiscal expectations. NBER Working Papers, no 15269.
Leeper, E. (2010). Monetary science, fiscal alchemy. NBER Working Papers, no 16510.
- Lozano, I., Cabrera, E. (2009). Una nota sobre la sostenibilidad fiscal y el nexo entre ingresos y gastos del Gobierno colombiano. Borradores de Economía, 579. Banco de la República.
Paper not yet in RePEc: Add citation now
Mankiw, N. G., & Reis, R. A. M. R. (2002). Sticky information versus sticky prices: Aproposal to replace the New Keynesian Phillips curve. The Quarterly Journal of Economics, 117(November), 1295–1328.
- Mankiw, N. G., Reis, R., & Wolfers, J. (2004). Disagreement about Inflation Expectations. NBER Working Paper, no 9796. 1–60. Cambridge.
Paper not yet in RePEc: Add citation now
- Martínez, D. A., Moreno, J. F., Rojas, J. S. (2015). Evolución de la relación entre bonos locales y externos del Gobierno colombiano frente a choques de riesgo. Borradores de Economía, 919. Banco de la República.
Paper not yet in RePEc: Add citation now
Montes, G. C., & Acar, T. (2018). Fiscal credibility and disagreement in expectationsabout inflation: Evidence for Brazil. Economics Bulletin, 38(2), 826–843.
Montes, G. C., & Acar, T. (2020). Fiscal credibility, target revisions and disagreement in expectations about fiscal results. The Quarterly Review of Economics and Finance, 76, 38–58.
Montes, G. C., & Curi, A. (2017). Disagreement in expectations about public debt, monetary policy credibility and inflation risk premium. Journal of Economics and Business, 93, 46–61.
- Montes, G. C., & Luna, P. H. (2018). Discretionary fiscal policy and disagreement inexpectations about fiscal variables: Empirical evidence from Brazil. Economic Modelling, 73(June), 100–116.
Paper not yet in RePEc: Add citation now
Montes, G. C., Oliveira, L. V., Curi, A., & Nicolay, R. T. F. (2016). Effects of transparency, monetary policy signalling and clarity of central bank communication on disagreement about inflation expectations. Applied Economics, 48(7), 590–607.
Montes, G., Nicolay, R. T. F., & Acar, T. (2019). Do fiscal communication and clarity of fiscal announcements affect public debt uncertainty? Evidence from Brazil. Journal of Economics and Business, 103, 38–60.
Patton, A. J., & Timmermann, A. (2010). Why do forecasters disagree? Lessons from the term structure of cross-sectional dispersion. Journal of Monetary Economics, 57(7), 803–820.
Pesaran, H., & Shin, Y. (1998). Generalized Impulse Response Analysis in Linear Multivariate Models. Economics Letters, 58(1), 17–29.
- Ramos-Barroso, C. Galvis-Ciro, J.C. (2021). Efectos de la credibilidad fiscal sobre las expectativas de inversión en Colombia: evidencia empírica para el período 2005–2019. Master’s Thesis. Universidad Nacional de Colombia, Medellín. 70p. https://repositorio.unal.edu.co/handle/unal/79558 .
Paper not yet in RePEc: Add citation now
Ricco, G., Callegari, G., & Cimadomo, J. (2016). Signals from the government: Policy disagreement and the transmission of fiscal shocks. Journal of Monetary Economics, 82(September), 107–118.
- Sargent, T., & Wallace, N. (1981). Some unpleasant monetarist arithmetic. Federal Reserve Bank of Minneapolis, Quarterly Review, 5(fall), 1–17.
Paper not yet in RePEc: Add citation now
Siklos, P. L. (2013). Sources of disagreement in inflation forecasts: An international empirical investigation. Journal of International Economics, 90(1), 218–231.
Sims, C. A. (2011). Stepping on a rake: The role of fiscal policy in the inflation of the 1970. European Economic Review, 55(1), 48–56.
Villar L, Forero D (2014) Escenarios de vulnerabilidad fiscal para la economía colombiana. Fedesarrollo, Colombia.
Windmeijer, F. (2005). A finite sample correction for the variance of linear efficienttwo-step GMM estimators. Journal of Econometrics, 126(1), 25–51.
Wooldridge, J. M. (2001). Applications of generalized method of moments estimation. The Journal of Economic Perspectives, 15(4), 87–100.