Bogotá, Colombia
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- Publicación |The results show considerable heterogeneity in the adoption and use of payment methods and reveal that mobile wallets broaden the range of options available to users.
- Publicación |The results show a significant increase in formal employment among eligible firms, ranging from 11 to 18 percentage points compared to non-beneficiaries. This impact persisted for up to two years after the program ended.
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Real retail sales grew in the region, surpassing the national average. This performance was driven by higher household income, improved business and consumer confidence, and favorable credit conditions. The automotive sector led the gains, driven by sales of hybrid and electric vehicles, while…
- Publicación |In the Colombian labor market, possessing a broad and diverse set of skills and knowledge—beyond basic requirements for each occupation—can make a significant difference in wage determination.
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Between March and September 2025, global financial markets showed signs of recovery. However, uncertainty persists due to high global debt, trade tensions, and geopolitical conflicts.
- Publicación |Evidence shows that the transmission of global shocks to domestic financial conditions was significantly stronger during the period of high foreign participation (2014–2022) and weakened after 2023 as foreign holdings declined.
- Publicación |Main characteristics of Banco de la República's reserves management policyReserves are invested in financial assets with high levels of safety and liquidity, characterized by a large secondary market.The percentage of reserves that remains available to cover immediate liquidity needs, called…
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Twenty years after the creation of the Center for Regional Economic Studies (CEER in Spanish), this work compiles its history and recalls the particularities of the Caribbean region through six dimensions: historiography, economic and social studies, archeology, political structures, culture,…
- Publicación |Neighborhoods that initially had high crime rates, and that were connected to the cable cars experience a significant decrease in the likelihood that their residents engage in criminal activities, and this change is proportional to the reductions in travel time provided by the new infrastructure.
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“El Estado General de todo el Virreynato de Santafé de Bogotá de 1794" (Overview of the Viceroyalty of Santafé de Bogotá, 1794) is a map of a land far away in time, the viceroyalty of the Nueva Granada at the end of the 18th century. In this contemporary compendium, historians and curious…
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Interested in exploring trade possibilities with Colombia, the Department of Commerce sends Mr. P. L. Bell to study the situation of agriculture, industry, mining, and commerce in Colombia. It seems that he was in the country in 1918 and 1919. The report was published in 1921.
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This volume gathers several texts on the economic situation of the Nueva Granada in the final years of the colonial period. Economics was not yet an independent discipline, and these documents were written, as well as those by other Spanish or American financial experts at the time, to comply…
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This essay aims to review the main economic writings by Rafael Núñez and analyze his economic thought. Thus, it aims to focus on the historic role of Núñez as an economist rather than a statesman or as the leader of the period known as "Regeneración." By way of introduction and as a frame of…
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In this digital book, Banco de la República (the Central Bank of Colombia) makes available to researchers and libraries of the country all the Colombian memoirs of taxes and treasury published in the 19th century. It is a bibliographic tool that we hope will be extremely useful for analysts,…
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This book is the reissue of the report by the Book Misión de Empleo (Employment Mission, in English), convened in 1985-1986 by the administration of President Belisario Betancur. The Mission understood its task as the comprehensive analysis of all the problems affecting Colombia's working…
- Publicación |Hospital productivity has declined steadily across all three complexity levels. Level 3 public hospitals (ESEs) were more resilient during the pandemic, while Level 2 hospitals suffered the greatest impact but showed a stronger recovery. Level 1 hospitals experienced the most prolonged decline with…
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The dynamics of the primary markets in which the financial system participates (e.g., credit, deposits, and fund management, among others) are intricately connected to the performance of the household sector, given its significant role in each of these areas. This report is created considering…
- Publicación |Bogotá, Club El Nogal, noviembre 12, 2025Turbulent timesBy March 2023, (i.e., two and a half years ago), inflation had risen above 13.4%, and interest rates had to be significantly adjusted upwards to levels similar to those of inflation.In Colombia, as in many countries around the world, we were…
- Publicación |The implicit equity tax is progressive for smaller firms but regressive for larger ones.
- Publicación |Although there is a close relationship between the government’s budget and its fiscal balance, they respond to different objectives, concepts, accounting bases, and measurement methodologies, which makes their understanding, monitoring, and evaluation more difficult.






















