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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.

In March 1891, a businessman from Santa Marta sent 1,500 bunches of bananas to New York, the first export of this product from Colombian territory. Lack of knowledge of proper transportation caused much of the fruit to be damaged before it reached its destination. Still, with this action, a local…

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…

“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 readers…

This compilation contains a sample of the types of proposals and reflections on monetary issues that occurred in the country during the first republican century. It includes projects to establish public and private banks, diagnoses of the country's monetary problems, considerations about the…

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,…

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…

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 with…

ForewordGender equality implies that men and women exercise the same rights and have equal opportunities in health, education, employment, and, in general, in all areas of life. Gender inequalities often affect women and reflect a failure to uphold their human rights, which, in turn, hinders…

Since: 1967

AbstractWe evaluate the returns to signaling occupation-specific skills using unique administrative data from a nationwide certification program in Colombia. The program certifies skills and issues three certificates: basic, intermediate, and advanced. We use regression discontinuity…

AbstractWe study the effect of macroeconomic announcements surprises on Colombian treasury bond spot rates in the medium term. For this, we employ a two-step regression approach proposed by Altavilla, Giannone and Modugno (2017), which takes into account the high frequency response to these…

Abstract This document presents a Gaussian Affine Term Structure Model (GATSM) of the zero-coupon public debt curve issued locally by the Colombian Government, adopting the methodological approach of Hamilton and Wu (2012) to solve the problems of identification and instability in the estimation…

For 2017, it was found that most imports were destined for intermediate consumption, especially for the manufacturing and trade sectors, and that these sectors, therefore, may be the most affected by changes in non-tariff measures and the value of imported goods. 

The results are relevant for future discussions on climate policies, as they indicate that carbon taxes will be effective but probably more regressive than previously thought.

The increase in stranded asset risk, as implied by the Paris Agreement, correlates with a 46% decrease in bank credit to fossil fuel companies relative to other economic sectors.

AbstractThis study aims to establish a comprehensive linkage between CO2 emissions and the composition of energy sources, economic growth, and reforestation, thereby shedding light on their intricate connections in Colombia over the period 1970-2018. First, we use different types of…

Nuestros resultados muestran que la existencia de subsidios implícitos ocasiona que los individuos prefieran estar en el actual sistema privado mientras se cotiza, pero en el público para pensionarse.

Forecast evaluation measures support the implementation of this method, and the results show a reduction in the error of inflation forecasts across various time horizons. 

Abstract Our study analyzes the impact of debt moratorium policies, possibly the oldest approach to addressing repayment problems. Using Colombian administrative data, we compare firms that narrowly met the criteria for moratoria (eligible firms could not exceed 60 days overdue on…

Models with an occasionally binding credit constraint have been used to analyze financial crises and previous literature has highlighted that the specific form of this constraint is decisive for policymaking conclusions.

The results highlight the usefulness of combining machine learning techniques with alternative sources of information to generate timely forecasts that are comparable to those of the market. 

Abstract This document reviews the potential macroeconomic effects of issuing a central bank digital currency (CBDC) for the use of individuals and businesses. A careful selection of the architecture, and the economic and technological design aspects of this digital form of central bank money that…

Gran parte de la población carece de las herramientas fundamentales para tomar decisiones económicas y financieras adecuadas, lo cual es crucial para mejorar su bienestar y protegerse frente a choques económicos o inflacionarios.