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Employment continued to recover in the second half of 2020, after dropping sharply during the first six months of the year. However, the labor market, in general, is still extremely slack as a result of the Covid-19 health crisis, and there are major disparities between population groups and…
Based on the counting of Help-wanted advertisements in print newspapers, we present national vacancy indexes and vacancy rates for Colombia. These series will allow tackling a myriad of questions related to the functioning of the labor markets in emerging economies, where such datasets were not…
Historically, when an economy emerges from recession, employment grows with, or soon after, the resumption of GDP growth. However, following the two most recent recessions in the United States, employment growth has lagged the recovery in GDP by several quarters, a phenomenon thathas been termed…
José Antonio Ocampo, co-director of Banco de la República, was appointed as one of the seven senior advisors of The Global Deal, an initiative of the Swedish Government and the International Labour Organization (ILO) that promotes social dialogue to achieve quality jobs and advances in global…
The Editorial Board of The Banker, a British magazine belonging to the The Financial Times Group, named José Dario Uribe as the American continent’s “Central Banker of the Year”.   An annual event, this designation was made public in the January issue of The Banker, which began circulating…
“… the costs of informality are higher: workers have limited social protection, businesses are less productive, and the state has reduced capacity to collect taxes and provide public goods. This leads to inefficient allocation of resources, which negatively impacts the country's economic growth.”
The extern
"Although these frictions affect various credit markets, they are especially relevant in rural areas of developing countries due to transportation difficulties and lack of formal documentation.”
Looking ahead, monitoring financial stability, macroeconomic (dis)equilibria, and the space for active economic policy—with inflation close to the target and sustainable public finances—are necessary conditions to successfully face future adverse shocks. 
We set a dynamic stochastic model for the interbank daily market for funds in Colombia. The framework features exogenous reserve requirements and requirement period, competitive trading among heterogeneous commercial banks, daily open market operations held by the Central Bank (auctions and window…
Since: 2014
EducationPh.D. in Economics, University of Chicago, Chicago IL, 2010 - 2017Specialization fields: Finance- Asset Pricing, Applied Macroeconomics, University of Chicago, Chicago IL, 2010 - 2017M.A. in Economics, University of Chicago, Chicago IL, 2011 – 2014Master’s in Business Administration-MBA,…
Juan Sebastián is Chief Officer for Risk Management since April 2023 and is responsible for managing the Bank’s cross-cutting financial and non-financial risks. He joined the institution in 2002 and has since served as Head and Director of Markets Development at the Operations and Financial Markets…
IntroductionIn an environment of greater restrictions to world trade and deterioration of global confidence, economic growth for the first quarter of the year in a number of emerging economies including Colombia was lower than expected, and the forecasts for 2019 decreased.In the first three months…
Vis-a-vis the beginning of the pandemic some months ago, the real and financial dimensions of the macroeconomic outlook have been better outlined, although uncertainty remains very high and several of its sources are still present. On the one hand, the duration of the effects of the pandemic and of…
See additional information in  "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"
See additional information in  "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"
See additional information in  "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"
See additional information in  "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"