Payroll taxes are a key tool for financing public goods and benefits for workers. However, they may also increase labor costs for formal employers…
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Foreign Direct Investment in Non-Mining and Non-Oil Sectors
Foreign direct investment (FDI) not only plays a very important role as a source of external financing, but also allows for technology transfer,…
A look back at Inflation Management in the Centennial of Banco de la República (the Central Bank of Colombia)
On 23 July 2023, Banco de la República (the Central Bank of Colombia) celebrated its 100th anniversary, having been…
Determinants of Post-Pandemic Inflation Outbreak
The COVID-19 pandemic led inflation in Colombia to fall below the 3.0% target, reaching its lowest level in history of 1.51% in March 2021.…
VAT exemption days in Colombia: How did Household Consumption respond?
The value added tax (VAT) exemption days policy has been used in the United States and in the European Union to encourage the consumption of goods…
Situation and Outlook of the Colombian Economy
Whenever the monetary authority meets to make interest rate decisions, two key questions need to be answered: Where is the economy at?…
