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Using Add Health, a very comprehensive longitudinal data set of teenagers and young adults in the United States, we estimate a structural dynamic model of the determinants of obesity. In addition to including many of the well-recognized endogenous factors mentioned in the literature as obesity…
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Obesity and Health-Related Decisions: an Empirical Model of Weight Status for Young Adults in the USObesity is widely accepted as one of the main causes of premature death, and the causal relationship between obesity and several of the most deadly chronic diseases is a consensus in the medical and public health literature. Obesity in the United States has recently been recognized as a public…
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Monetary policy strategies have been implemented within a flexible exchange rate scheme that is governed by intervention rules with the following objectives:
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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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ABSTRACT
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Professional and specialized studies
Master's Degree in Development Economics. Diplôme d'Etudes Approfondies (DEA) Paris, 1982-1984. Université Paris 1 – Panthéon-Sorbonne.
Specialist in Economic Policy and Regulation. Diplôme d'Etudes Supérieurs Spécialisées D.E.S.S., Paris, 1989-1990.…
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We propose to assess the performance of k forecast procedures by exploring the distributions of forecast errors and error losses. We argue that non systematic forecast errors minimize when their distributions are symmetric and unimodal, and that forecast accuracy should be assessed through…
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Last Friday, 27 January 2023, the prominent economist Olga Lucia Acosta-Navarro formally took office as a member of the Board of Directors of Banco de la República (the Central Bank of Colombia). On the same day, she participated in her first Board of Directors meeting, the one corresponding to the…
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On Saturday, 18 February, the Zenú Gold Museum will reopen its doors with renovated spaces and a new curation that will immerse its visitors in a history of thousands of years and in the diverse forms of amphibious life that existed on the coastline and in the savannahs of the Colombian Caribbean.…
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This paper estimates an asymmetric error correction model to analyse the dynamic behaviour of the Colombian unemployment rate. We find evidence that wages above their long-run equilibrium level do increase unemployment, but wages below this level do not reduce it.
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Together with a set of not commonly reported ones, the most widely known stylized facts of high frequency Nominal Exchange Rates in Brazil, Chile, Colombia, Mexico, and Peru with respect to the US Dollar are studied and interpreted to the light of recent literature in this paper.
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AbstractUsing a novel database of historical series of revenues and expenses of different levels of government between 1923 and 2020, in this paper we describe the evolution of the vertical and horizontal imbalances between central government, states, and municipalities in Colombia. The analysis…
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Two of our platforms are scheduled to undergo maintenance from 7:30 p.m. on Wednesday, March 31 through Sunday, April 4. For this reason, you will not be able to consults economic statistical series and payment systems statistics during that period. We invite you to take the necessary steps to…
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Abstract
This paper assesses whether the expansion of online job vacancies leads to a more efficient labor market. We provide compelling evidence that the increase in online job vacancy penetration in Colombia has had an enhancing effect on the labor market's efficiency by making…
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El Banco de la República y la Red de Investigadores de Economía lanzan el ‘Curso de Banca Central 2025’. Está dirigido a estudiantes de Economía, la inscripción es gratuita y el objetivo es profundizar conceptos macroeconómicos y de política monetaria, con enfoque en el análisis y la aplicación…
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El Banco de la República lanza la decimotercera versión de su Concurso Nacional de Ensayo Corto “De la banca escolar a la banca central” e invita a los estudiantes de los grados 9. °, 10. °, 11. ° y 12. ° a participar. Para ello, deberán conformar equipos de tres a cinco estudiantes bajo la…
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The Colombian Political Constitution and Article 14 of Law 31 of 1992 of the Republic of Colombia sets forth that the central bank of Colombia, Banco de la República (the “Bank” or “BdlR”), is the administrator of the foreign reserves of the Republic of Colombia, which administration shall be made…
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I am very pleased to welcome you to Bogotá and to this 24th meeting of the Regional Financial Stability Group , which has been organized on this opportunity by Banco de la República (the Central Bank of Colombia) together with the Central American Monetary Council .We are honored to host this…
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Banco de la República summons university students in their last semesters from professional degrees who are interested in applying to internship openings to enroll in the selection process for the first half of 2020. Through this process, outstanding students in their academic performance,…
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Operational Risk (OR) results from endogenous and exogenous risk factors, as diverse and complex to assess as human resources and technology, which may not be properly measured using traditional quantitative approaches. Engineering has faced the same challenges when designing practical…
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Optimal Commodity Price Stabilization over the Business Cycle Optimal Commodity Price Stabilization over the Business Cycle Rodrigo Suescún*
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