Servicios
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Financial Flows for the third quarter of 20251. By institutional sectorAccording to the financial accounts calculated by Banco de la República (the Central Bank of Colombia), in the third quarter of 2025, the current account deficit of the Colombian economy reached 1.9% of quarterly Gross Domestic…
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The National Congress of Economics Students, annually organized by the National Federation of Students of Economics (Fenadeco in Spanish), has more than thirty years of history. Its goal is to strengthen and diversify academic spaces that contribute to comprehensive training of future economists of…
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Abstract
We study the impact of natural resource royalties on educational outcomes in Colombia. We analyze a reform enacted in 2012 that made the distribution of these royalties more equitable. Before the reform, most royalties were assigned to the regions where the natural resources…
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This document analyzes the macroeconomic effects of a boom in a small-open economy’s natural-resource sector. We study the effects of this shock on the most important macroeconomic variables, the resource reallocation across sectors and on welfare under alternative fiscal rules. We employ a DSGE…
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Note: Please be advised that the Brazilian Real's exchange rate published on october 15th of 2014 at 10:00 a.m. was modified at 12:00 m. (Colombian time) due to a change informed by the provider, The World Markets Company PLC (WM).
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Place of birthGarzón, Huila, ColombiaProfessionSystems Engineer
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AbstractThis paper proposes an update of the CPI disaggregations that Banco de la República implements and analyzes regularly. This new classification contributes to the timely identification of different inflationary pressures, it stands in accordance with international practices, it is…
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Banco de la República (the Central Bank of Colombia) has set up two cash exchange points to solve the lack of banknotes and coins in circulation on the island of San Andrés.
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Due to the Minister of Finance’s calendar, the upcoming meeting of the Board of Directors of Banco de la República scheduled for Thursday, 31 May will take place on Friday, 25 May instead.No decisions regarding the benchmark interest rate will be made on this ordinary Board meeting.
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Banco de la República has continued its cultural work in Barranquilla. As part of its activities, it started the restoration of the stage curtain of the Amira de la Rosa theater, created by Maestro Alejandro Obregón and considered as a fundamental symbol of the theater.
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This paper proposes new monthly estimates for the non-accelerating inflation rate of unemployment (NAIRU) and the output gap for Colombia. These rely on a New Keynesian small open economy model following González et al (2013), augmented by an Okun’s Law equation. The resulting output gap closely…
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Here you can find the statements, news and updates regarding eport of the Board of Directors to the Congress of Colombia available on the site
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Analisis of the monthly Inflation Report of January 2013.
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