Servicios
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AbstractThe objectives of the study are, first, to build homogeneous and consistent series of macroeconomic savings and investment and their balances for the economy and institutional sectors of Colombia for the period 1975-2021. Second, describe the economic context in which they were observed,…
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Presentation made at the XP Investimentos 13th Summit in parallel with the IMF/World Bank Spring Meetings. April 19th 2022.
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Expositor:
Klaus Schmidt-Hebbel
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Abstract
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Banco de la República (the Central Bank of Colombia) and the Network of Researchers in Economics of the Central Bank provide a Macroeconomics and Central Banking Online Course focused on transmitting and strengthening Colombian people’s knowledge of these subjects. It is a virtual program of open…
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AbstractWhen agents' information is imperfect and dispersed, existing measures of macroeconomic uncertainty based on the forecast error variance have two distinct drivers: the variance of the economic shock and the variance of the information dispersion. The former driver increases uncertainty and…
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AbstractPortfolio diversification is as important to debt management as it is to asset management. In this paper, we focus on diversification of sovereign debt issuance through greater reliance on inflation-indexed bonds for a representative emerging economy, Colombia. Using an arbitrage-free…
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Abstract: This paper proposes a Vector Autoregression augmented with nonlinear factors that are modeled nonparametrically using regression trees. There are four main advantages of our model. First, modeling potential nonlinearities nonparametrically lessens the risk of mis-specification. Second,…
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Abstract: Martellini and Menzio (JPE, 2020) argue that in a search-theoretical model with constant improvements in the search technology, a balanced growth path (BGP) exists if firm-worker matches are inspection goods and the quality of matches follow a Pareto distribution. On such a BGP, declining…
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We argue that international lenders take into account that taxes (or subsidies) affect borrowers’ available income for debt repayments. Using an endowment-economy model, we show that by incorporating this fact into the analysis of
financial crises from the pecuniary externality perspective, ex-…
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Information related to the Bank's economic, legal, and/or cultural programmes, including information on the Luis Angel Arango Library, and the Gold Museum can be sent to you by means of registering with an e-mail listing provided by the Banco de la República’s website.
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The Constitution and Act 31 of 1992 establish that the highest governing body of the Central Bank of Colombia is its Board of Directors,which is responsible for the management and implementation of the Bank's duties..
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This document contains: i) the 2020 management report on the Bank’s leading projects and on investment budget allocation, with the respective management indicator, and ii) the Action Plan for 2021.
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This document contains: i) the 2022 Management of Banco de la República’s (the Central Bank of Colombia, Banrep) main projects and the distribution of the investment budget with its respective management indicator; and ii) the Action Plan for the year 2023.For more information, see other…
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This document contains: i) the 2023 Management of Banco de la República’s (the Central Bank of Colombia, Banrep) main projects and the distribution of the investment budget with its respective management indicator; and ii) the Action Plan for the year 2024.For more information, see other…
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This document contains: i) the 2024 Management of Banco de la República’s (the Central Bank of Colombia, Banrep) main projects and the distribution of the investment budget with its respective management indicator; and ii) the Action Plan for the year 2025.For more information, see other…
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This document includes the goals, objectives, and performance indicators of the investment projects contained in Banco de la República’s (the Central Bank of Colombia) medium-term expenditure framework.
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In the last four years, Colombia has faced some of the events that have had the greatest impact on economic performance in more than a century. The international price of oil fell to less than a third of its value between June 2014 and January 2016, and again between September 2018 and April 2020.…
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The accelerated growth of urban population in Colombia during the last decades has created a challenge to public transportation systems in cities across the country. This document presents a case study of Transcaribe, the Bus Rapid Transit (BRT) system that operates in Cartagena,…
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Paper and presentatio for the High-level Conference Managing Capital Flows in Emerging Markets by the Brazilian authorities and the IMF. Río de Janeiro, Brazil.
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ProfessionLawyer
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