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Import Cost Inflation in 2021

A box in the most recent…

Historical Rates of Business Creation and Destruction in Colombia

Traditional indicators related to the financial situation of firms such as insolvency, delinquency, and asset impairment, are usually used to…

Banco de la República’s (the Central Bank of Colombia) Profits and Foreign Reserves Yield

In 2019 and 2020, Banco de la República (the Central Bank of Colombia) showed historically high profits, which amounted to 7.1…

Public Investment in Infrastructure: Biases and Procyclicality

The relationship between the management of public finances and the business cycle has been of great interest in economic research. Studies on the…

Banco de la República (the Central Bank of Colombia) Response to the Covid-19 Pandemic

The COVID-19 pandemic caused an economic contraction and an increase in the unemployment rate unprecedented in Colombia’s history. At the time of…