Servicios
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In 2013 Colombia implemented a tax reform which, among other things, reduced payroll taxes by a total of 13.5 percentage points of wages. In this paper we evaluate the effects of this component of the 2012 Colombian tax reform on firms’ formal employment and average wages. We construct a panel of…
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We use data of neighborhoods of Bogotá to assess the causal relation between their adolescent fertility and their homicide rates. We find that neighborhoods with high adolescent fertility rates, and that have low secondary enrollment and high crime rates at the moment the children of their teen…
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The focus of this paper is on the short-term macroeconomic effects of fiscal policy in Colombia in a structural vector autoregression context. Government spending shocks are found to have positive and significant effects on output, private consumption, employment, prices and short-term interest…
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In this paper we expanded the closed economy model by Bernanke and Gertler (1999) in order to account for the macroeconomic effects of an asset price bubble in the context of a small open economy model. During the nineties emerging market economies opened their financial accounts to foreign…
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This paper attempts to explain the decrease and reversal of the education gap between males and females. Given a continuum of agents, the education decisions are modelled as an assignment game with endogenous types. In the first stage agents choose their education level and in the second they…
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This paper attempts to explain the decrease and reversal of the education gap between males and females. The education decisions of heterogeneous agents are modelled as an assignment game with endogenous types. In the first stage agents choose their education level and in the second they…
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El Borrador de Economía titulado ‘Efectos asimétricos de choques de términos de intercambio sobre la inversión transable y no transable: El caso colombiano’, analiza las consecuencias para Colombia del fuerte choque de términos de intercambio que ha enfrentado el país desde mediados del 2014, como…
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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
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The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la Republica or its Board of Directors.
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1. A marginal reserve ratio was imposed on each type of local currency liability in amounts that exceed the level registered on May 7. The following percentages apply:
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The following is the organizational structure of the Auditor General’s Office approved by the Board of Directors according to Act 4031 of 16 December 1994.
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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"
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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"
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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"
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Banco de la República opens its new Cultural Center in Manizales, with spaces for everyone’s delight: the library, an exhibition hall, an auditorium, a creative room, the children's room, and a bookstore. It is a place to listen to music, visit art exhibits, experiment with technology, research,…
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After several attempts, in June of 1880, the Government created the Banco Nacional to act as its banker and to promote public credit. Its role as banker consisted of providing the Government with services of allocation of public or Treasury funds, credit extension, collaboration in obtaining both…
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The Balance of Payments of Colombia registers all real and financial transactions with other world economies. It has two major accounts: current and financial accounts. The current account registers Colombia’s exports and imports of goods and services, primary income and current transfers (…
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The Balance of Payments of Colombia registers all real and financial transactions with other world economies. It has two major accounts: current and financial accounts. The current account registers Colombia’s exports and imports of goods and services, primary income and current transfers (…
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The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.
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Banco de la República, following the decisions of the National Government, hereby informs that:
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The meeting had been scheduled for March 31; however, the Minister of Finance and Public Credit must attend an international engagement on that date.
The meeting of the Board of Directors of Banco de la República that was initially scheduled for Friday, March 31 has been moved ahead one day and…
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A new COP$1,000 coin will begin circulating within the new family of coins.The new coins will reduce manufacturing costs compared to the current costs.Colombian coins will have new security features.
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At its meeting today, the Board of Directors of Banco de la Republica, the Central Bank of Colombia, decided to keep its intervention rate unaltered. In this manner, the base rate for expansion auctions will remain at 4.75%. The following factors were taken into account in the decision-making…
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