Monetary politics
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Tasa actual: 1,75%
Vigente a partir del 28 de septiembre de 2020
Minutas de la reunión de la Junta Directiva del Banco de la República del 29 de enero de 2021
Monetary Policy
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Current rate: 1.75%
Effective as of September 28, 2020
Banco de la República’s board votes 5-2 to hold interest rates at 1.75%
Minutes for Banco de la República's Board of Directors Meeting on January 29, 20210
El Banco
El Gerente y la Junta Directiva
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Colombia: Statement after concluding the Article IV Consultation for 2021 Faced by a pandemic that led to the largest recession on record—with vulnerable groups particularly affected—Colombia used the flexibility afforded by its policy framework to deliver a coordinated and timely response. The economy is recovering gradually, with sporadic momentum, but growth prospects remain at risk while COVID-19 and high uncertainty lingers. In the near term, policies should focus on defeating the pandemic and cementing the recovery with the monetary and fiscal policy space available. At the same time, reforms should be passed to secure sound public finances over the medium term. Tackling long-standing structural challenges to raise inclusive growth and external competitiveness remain crucial. +info |
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Colombia: Declaración al Término de la Misión sobre la Consulta del Artículo IV de 2021 En medio de una pandemia que condujo a la mayor recesión que se haya registrado—y que afectó particularmente a grupos vulnerables—Colombia hizo uso de la flexibilidad que le permite su marco de política para dar una respuesta coordinada y oportuna. La economía se está recuperando gradualmente con un impulso esporádico, aunque las perspectivas de crecimiento seguirán en riesgo mientras persistan el COVID-19 y un alto nivel de incertidumbre. En el corto plazo, las políticas deberán enfocarse en derrotar la pandemia y consolidar la recuperación dentro del espacio disponible para la política monetaria y fiscal. Conozca esta y otras conclusiones de la visita oficial (virtual) del equipo técnico del Fondo Monetario Internacional a Colombia. |
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The Luis Ángel Arango library: The BLAA, as it is known colloquially, is one of the most visited libraries in the world...
The Gold Museum in Bogotá holds the world's largest pre-Hispanic gold collection. It is a founding place for Colombian cultural identity...
Art Museums: After more than six decades of rigorous and constant collection, Banco de la República holds one of the most significant art collections in the country...
Musical activity at Banco de la República, whose action center is the emblematic Concert Hall at the Luis Ángel Arango Library, is committed to providing quality musical programming throughout all its cultural centers...
La Biblioteca Luis Ángel Arango: la BLAA, como coloquialmente se le conoce, es una de las bibliotecas más visitadas del mundo...
El Museo del Oro en Bogotá es el museo con la colección de oro prehispánico más grande del mundo y un lugar fundacional para la identidad cultural colombiana...
Museos de arte: después de más de seis décadas de coleccionismo riguroso y constante, el Banco de la República conserva una de las colecciones de arte más significativas del país...
La actividad musical del Banco de la República, que tiene su centro de acción en la emblemática Sala de Conciertos de la Biblioteca Luis Ángel Arango...
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December 2007 |
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Decentralised Provision of Quasi-Private Goods: The Case of Colombia |
This paper quantifies the welfare effects of decentralisation in Colombia, using a multiregional CGE model. We investigate to what extent will the Colombian population be better off when goods such as health and education, are delivered locally as against centrally. A provision scheme based on... |
Deposit Insurance without Commitment: Wall St. vs. Main St. |
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Determinants and effects of fiscal stabilization: New evidence from Time-Varying Estimates |
Presentation titled "Determinants and effects of fiscal stabilization: New evidence from Time-Varying Estimates", delivered during the Seminar of the EEP Journal (Challenges of Fiscal Policy in the face of the Recent Macroeconomic Uncertainty), organized by Banco de la República at the Events... |
Determinants of Spread and Creditworthiness for Emerging Market Sovereign Debt: A Panel Data Study |
This study uses a panel-data framework to identify the determinants of the spread over US Treasuries of emerging market sovereign issues as well as of the creditworthiness of the issuers, where the latter is represented by the Institutional Investor’s creditworthiness index. We use a sample of... |
Do Local Governments Engage in Strategic Property-Tax Competition? |
Do Local Governments Engage in Strategic Property-Tax Competition? Do Local Governments Engage in Strategic Property-Tax Competition? by Jan K. Brueckner Department of Economics and Institute of Government and Public Affairs University of Illinois at Urbana-Champaign Champaign, IL 61820... |
Do the Different Types of Capital Flows Respond to the Same Fundamentals and in the Same Degree? Recent evidence for emerging markets |
The international crisis by the end of the previous decade brought very important changes in terms of degree, size, and volatility of capital flows to emerging markets. These became a challenge for their economic authorities because the negative effects likely to affect macroeconomic variables... |
Does Inflation Targeting decrease Exchange Rate Pass-through in Emerging Countries?. |
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Dutch Disease and Banana Exports in the Colombian Caribbean, 1910-1950 |
Dutch disease and banana exports in the Dutch disease and banana exports in the Colombian caribbean, 1910 - 1950 |
Dynamic Response to Monetary Shocks in a Search Model of the Labor Market* |
This paper studies the dynamic response of a few key macroeconomic variables to each one of three exogenous shocks: monetary, government spending and technological shocks. By using a cash in advance model with two market frictions, one in the intermediation of loanable funds, and one in the... |
Early Warning Indicators for Latin America |
We explore the performance of a set of early warning indicators for a group of Latin American economies under the endogenous cycle perspective. For this group of countries, the paper confirms the results of previous work on industrialized countries, which indicate that a... |
Economic Acceleration and Structural Reforms in Colombia |
Presentation at the macroeconomic and sector seminar ANIF and Fedesarrollo |
Economic covergence of income distribution worldwide from 1986 to 2000 |
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Economic Growth and the Household Optimal Income Tax Evasion |
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Effects of Financial Capital on Colombian Banking Efficiency |
In this paper we discuss cost and profit efficiency for a sample of financial institutions on the Colombian financial market in the period 1989-2003, using stochastic frontier efficiency analysis. During the period, the cost efficient frontier deteriorates, but profit efficient frontier is... |
Efficiency and economic growth in Latin America: The case of Colombia |
Presentation titled "Efficiency and economic growth in Latin America: The case of Colombia", delivered during the Seminar of the EEP Journal (Challenges of Fiscal Policy in the face of the Recent Macroeconomic Uncertainty), organized by Banco de la República at the Events Center of Biblioteca... |
Efficiency Gains from the Elimination of Global Restrictions on Labour Mobility: An Analysis Using a Multiregional CGE Model |
EFFICIENCY GAINS FROM THE ELIMINATION OF GLOBAL RESTRICTIONS ON LABOUR MOBILITY: AN ANALYSIS USING A MULTIREGIONAL CGE MODEL EFFICIENCY GAINS FROM THE ELIMINATION OF GLOBAL RESTRICTIONS ON LABOUR MOBILITY: AN ANALYSIS USING A MULTIREGIONAL CGE MODEL Ana María Iregui |
Efficient policy rule for Inflation Targeting in Colombia |
In a small macroeconomic model of the Colombian economy I investigate the problem of selecting a policy rule that is consistent with inflation targeting. I spell out the characteristics of the optimal feedback and output parameters in the rule, as well as for the optimal forecasting horizon for... |
El diseño de las instituciones laborales. |
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Employment and Capital Adjustments after Factor Market Deregulation: Panel Evidence from Colombian Plants |