Bogotá, Colombia

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Identification Problems in the Solution of Linearized DSGE Models


Identifying the key factors of growth in natural resource‐driven countries under the knowledge economy lens

Presentación realizada durante el seminario de la revista Ensayos sobre Política Económica (ESPE) "Crecimiento desbalanceado, transformaciones estructurales y difusión tecnológica" del Banco de la República en el Auditorio del Museo de Arte del Banco de la República en Bogotá.…

II and III Quarter

II Quarter

II Semester

III Quarter

III Quarter

Impact of International Migration on Household Behavior in Nicaragua

Improving the Measurement of Core Inflation in Colombia Using Asymmetric Trimmed Means

The study evaluates the virtues of asymmetric trimmed means as efficient estimators of inflation for Colombia, an economy with high and variable inflation rates. Results suggest that the proposed indicators are more efficient than alternative indexes and are particularly suited for environments…

Individually-Rational Collective Choice under Random Preferences

In this paper I consider the following problem: there is a collection of exogenously given socially feasible sets, and for each one of them, each one of a group of individuals chooses from an individually feasible set. The fact that the product of the individually feasible sets is larger than…


Inflation Report - December 2009

Inflation Report - December 2010

In 2010, the annual CPI variation was 3.17%, this figure being close to the midpoint of the inflation target range (between 2% and 4%) fixed for this year by the JDBR, the Board of Directors of Banco de la Republica, the Central Bank of Colombia.

In the past quarter, the so-called “La…

Inflation Report - December 2012

At the end of 2012 annual inflation stood at 2.4%, lower than the long-term target (3%) and within the year’s target range (2%-4%) (Graph A). Fourth-quarter inflation results were lower than average market expectations and also below the rates expected by Banco de la República’s technical staff…

Inflation Report - December 2013

Global economy continued to recover in the fourth quarter of 2013, thanks to the added momentum in the developed economies, especially the United States. In the euro area, the economic indicators pointed to low, but positive economic growth. Growth in the major emerging countries of Asia and…

Inflation Report - June 2010

Inflation Report - June 2012

In June 2012 annual inflation stood at 3.2%, down by 20 basis points (bp) from the figure of March, resuming its downtrend after remaining relatively stable in April and May.

From March to June, year-on-year change in the consumer price index (CPI) for food fell from 4.6% to 4.2%,…

Inflation Report - June 2013

External demand during the first half of 2013 was somewhat weaker than expected. In the United States, our largest trading partner, the increase in private spending is being offset partly by fiscal consolidation, which has led to a slight decline in the forecast for that country’s growth. The…

Inflation Report - June 2014

The Inflation Targeting Scheme in Colombia