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Debt and Subnational Fiscal Rules

Following the enactment of the 1991 Constitution, which increased the fiscal autonomy of subnational governments, there was a growing…

Financial Education: Evidence from Colombia in a High-inflation Environment

A paper recently published in the

The Role of SENA and the Technical and Technological Education Sector in the Adjustment of Supply and Demand of Skills in the Colombian Labor Market

The mismatch between the skills of workers and the needs of companies is a problem that affects the efficiency of labor markets in developing…

Banco de la República’s Profits in 2023 and Yield on International Reserves

Introduction

In its most recent…

Caution in Adjusting the Monetary Policy Interest Rate, also in the Decline

High-altitude climbers know very well that the descent from the top can be as dangerous as the ascent, so they advance cautiously in this second…

Did Colombia take too long to start its monetary cycles?

Economic observers who monitor monetary policy often compare the timing of interest rate increase or decrease cycle decisions across countries to…