Alfredo Villca - Research

Research

I. Published Papers

Examining the Existence of Twin Deficits in Bolivia, 20(10), pp. 4349-4377. International Journal of Emerging Markets (2025). With Fabiola Saavedra-Caballero.
Commodity price shocks and the business cycles in emerging economies: the role of banking system balance sheets, 65(5), pp. 2039-2063. Empirical Economics (2023). With Alejandro Torres.
Commodity prices, bank balance sheets and macroprudential policies in small open economies, 3(1), 100052. Latin American Journal of Central Banking (2022).
Money demand in Latin America, 1996-2016. An application of cointegration in panel data (in Spanish), 85. pp. 233-264. Revista Desarrollo y Sociedad (2020). With Alejandro Torres, Carlos Esteban Posada, and Hermilson Velásquez.
Bank procyclicality, businesss cycles and capital requirements, 21(2), pp. 152-169. Journal of Banking Regulation (2019). With Alejandro Torres, and Carlos Andrés Ballesteros.
Is a "Soft" Monetary Authority Appropriate, 2(5), pp. 57 – 77. Ensayos de Política Económica (2017). With Carlos Esteban Posada.
Transition dynamics in South America: a polynomial time approach (in Spanish), Nº 49, pp. 37 – 43. El economista (2015).
The investment efficiency index in Bolivia (in Spanish), Nº 48, pp. 39 – 45. El Economista (2014)
Convergence in the regional economic growth process in Bolivia (in Spanish), Nº 46, pp. 39-42. El Economista (2013).

II. Working Papers

Idiosyncratic Risk and Sectoral Reactivatio. Chapter 4 in; Policies and strategies for gradual, safe and controlled economic reactivation in time of COVID-19. (in Spanish), 2020. Universidad EAFIT. With César Tamayo, and Juan Camilo Chaparro.
Unconventional Monetary Policy and Inflation in the U.S.: How Much Inflation was Missing?, WP. No 20-11. Centro de Investigaciones Económicas y Financieras - Universidad EAFIT (2020). With Carlos Esteban Posada, and Alejandro Torres.
Confronting DSGE model with data (in Spanish), WP. No 20-07. Centro de Investigaciones Económicas y Financieras - Universidad EAFIT (2020).
The price of oil and its effect on the exchange rate in Colombia (in Spanish), WP. No 10. Centro de Investigaciones Económicas y Financieras - Universidad EAFIT (2019) . With Carlos Esteban Posada.

IV. Disertation

V. Work in progress

Bridging the Wage Gap: The Fiscal and Economic Gains of Reducing Government Employment Inefficiencies. With Oscar M. Valencia, Carolina Ulloa-Suárez and Gustavo Sánchez
FISLAC Model: A tool for the analysis of macro-fiscal policies and forecasts for Latin America and the Caribbean. With Oscar M. Valencia.
Calibration of fiscal rules in emerging economies. With Oscar M. Valencia, José E. Gomez-Gonzales and Daniel Rueda.
Introduction to RBC models: a theoretical and empirical approach (in Spanish). Book.
Fiscal Policy under a General Equilibrium Approach. With Óscar M. Valencia-Arana. Book