Bogotá, Colombia

This paper explores the theoretical linkages between poverty traps, economic inequality in a two sector overlapping generations model under perfect competition in which barriers to skilled educational attainment and delinquent incentives interact. We find that the existence of a poverty trap…

Some authors have worked on the relationship between macroeconomic variables and the term structure of interest rates. In particular, theory says that the shape of the curve reveals valuable insights regarding the behavior of the macro variables such as inflation and growth expectations.…

In this paper, we empirically examine the effect of inflation targeting on the exchange rate pass-through to prices in emerging countries. We use a panel VAR that allows us to use the larger data set on twenty-seven emergingcountries (fifteen inflation targeters and twelve inflation nontargeters…

This paper studies the provision of deposit insurance without commitment. We ask whether a government has an ex post incentive to provide deposit insurance in the face of a bank-run. We find that deposit insurance will not be provided if it requires a (socially) undesirable redistribution of…

We estimate a dynamic model of mortgage default for a cohort of Colombian debtors between 1997 and 2004. We use the estimated model to study the effects on default of a class of policies that affected the evolution of mortgage balances in Colombia during the 1990's. We propose a framework for…

Resumen del documento: Estimamos un modelo de Nelson-Siegel segmentado de tres factores para la curva de rendimientos utilizando información diaria y observable de los precios de los TES y la IBR para Colombia. La estimación flexible de cada segmento (corto, mediano y largo plazo) proporciona…

Resumen del documento: Diversos eventos recientes han aumentado las preocupaciones sobre la seguridad alimentaria mundial, la cual se ha convertido en un desafío cada vez mayor para la política internacional. La comprensión de los patrones de especialización de los países en la…

Starting June 2019, the information disclosed after each session of the Board of Directors of the Central Bank in which decisions are taken on the benchmark interest rate will be modified. This change is intended to improve the information related to the monetary policy decision-making process…

Banco de la República (the Central Bank of Colombia) Board of Directors (BDBR) has a regular schedule of meetings. In 8 of its 12 sessions the Board makes decisions on the level of the monetary policy rate. The other 4 are ordinary meetings, where other decisions are made.

See additional…

Banco de la República (the Central Bank of Colombia) Board of Directors (BDBR) has a regular schedule of meetings. In 8 of its 12 sessions the Board makes decisions on the level of the monetary policy rate. The other 4 are ordinary meetings, where other decisions are made.

See additional…

Banco de la República (the Central Bank of Colombia) Board of Directors (BDBR) has a regular schedule of meetings. In 8 of its 12 sessions the Board makes decisions on the level of the monetary policy rate. The other 4 are ordinary meetings, where other decisions are made.

See additional…

Banco de la República (the Central Bank of Colombia) Board of Directors (BDBR) has a regular schedule of meetings. In 8 of its 12 sessions the Board makes decisions on the level of the monetary policy rate. The other 4 are ordinary meetings, where other decisions are made.

See additional…