Cesar E. Tamayo's website

ABOUT ME

I am affiliated with the Inter-American Development Bank as Research Economist in the Connectivity, Markets and Finance Division. Previously I was Post-Doctoral Researcher at the IDB's Research Department and Dissertation Intern at the Federal Reserve Bank of Richmond. 

I hold BA (EAFIT), MA (Sussex) and PhD (Rutgers) degrees all in economics. 

My research interests include: the links between financial and economic development, certain aspects of contract theory and the use of quantitative dynamic general equilibrium models to study aggregate fluctuations and firm dynamics. Short and long (with full list of academic and non-academic publications) versions of my CV can be found below:

• CV short

• CV long

MY RESEARCH

  PUBLICATIONS

• •  "Credit and Saving Constraints in General Equilibrium: Evidence from Survey Data" (with Catalina Granda and Franz Hamann), Journal of Development Economics.

  • IDB Working paper version

•  "Bankruptcy Choice with Endogenous Financial Constraints" Review of Economic Dynamics, vol. 26 (2017), pp. 225-242. 

  • IDB Working paper version

• "From Institutions to Financial Development and Growth: What are the Links?" (with Andrés Fernández) Journal of Economic Surveys, Vol. 31 (2017), pp. 17-57

  • IDB working paper version

• "Investor Protection and Optimal Contracts Under Risk Aversion and Costly State Verification", Economic Theory, vol. 59 (2015), pp. 547-577.

•  "Capital Flows and Sudden Stops: History, Theory and a New Estimation" (in Spanish with A. Vargas).  Originally published in Coyuntura Economica Vol. 37 No. 2, Fedesarrollo; Bogotá; February (2008). Reprinted in:  Monetaria, CEMLA, Vol XXXI No. 1 Jan-Mar (2008), pp. 27-56.

  • DNP working paper version

WORK IN PROGRESS AND WORKING PAPERS

• "Saving Rates in Latin America: A Neoclassical Perspective" (with Ayse Imrohoroglu and Andrés Fernández).

• "Credit and Saving Constraints in General Equilibrium: Evidence from Survey Data" (with Catalina Granda and Franz Hamann).

• "Credibility Costs of Exchange Rate Management in the Adoption of Inflation Targeting: a Historical Perspective from Latin America" R&R, Latin American Economic Review.

  • "Common Stochastic Trends with the Kalman Filter: A Macroeconomic Application with a Monte-Carlo Investigation"

  • "Bank Market Power and Firm Finance: Evidence from Bank and Loan Level Data" (with Jose Gomez-Gonzalez and Oscar Valencia).

• "Bankruptcy Reform, Access to Credit and Allocation of Capital: The Case of Colombia" (with Julian Neira and David Perez-Reyna).

  • "Public Development Banks and Credit Frictions: Evidence from Loan Level Data" (with Marcela Eslava and Xavier Freixas). 

  • "New Financial Lending Technologies and Financial Inclusion: Quasi-Experimental Evidence from Colombia" (with Gabriela Aparicio and Facundo Luna).

 BOOKS EDITED  

• "Essays on Financial Inclusion in Colombia" (in Spanish with Jonathan Malagón), 2017, Asobancaria and Inter-American Development Bank, Bogota and Washington, D.C. 

BOOK CHAPTERS 

• "Firm Productivity as an Engine of Saving" (with Matias Busso and Andrés Fernández) in Development in the Americas 2016: Saving in Latin America and the Caribbean edited by Eduardo Cavallo and Tomás Serevrisky.

  • Working paper version.

  • "Breaking the Vicious Circle: Financial Policies for High-Quality Saving" (with Eduardo Cavallo) forthcoming in Development in the Americas 2016: Saving in Latin America and the Caribbean edited by Eduardo Cavallo and Tomás Serevrisky.

LEARNING MATERIALS

  PhD LECTURE NOTES

• Math Methods and Micro Theory 

• Macroeconomic Theory

• First year Econometrics 

• Assorted Topics on Time Series

 INTRO & INTERMEDIATE MATERIALS

• Intermediate Micro Theory

• Intro to Matlab

• Older teaching materials

LINKS & OTHER STUFF

 ECONOMISTS' BLOGS

• http://www.salaimartin.com/

• http://newmonetarism.blogspot.com/

• http://www.becker-posner-blog.com/

• http://www.economist.com/blogs/freeexchange

 FRIENDS, TEACHERS AND CO-AUTHORS

• Andrés Fernández

• Roberto Chang

• Todd Keister

• Michael Bordo

• Catalina Granda

• Frannz Hamann

• Eduardo Cavallo

 MEDELLIN

• Medellin y Botero (History Channel)

• Travel Medellin (History Channel)

• Medellin 2020