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After a rigorous admission exam and selection process, Banco de la República and the Economics Researchers Network announced the list of 40 economics students from various universities throughout the country, who were chosen to participate in the Central Banking Course to be held on July 14-23,…

Using a three-equation New Keynesian model we find that incorporating an escape clause (EC) into Forward Guidance (FG) is welfare improving as it allows the monetary authority to avoid cases in which the cost of reduced flexibility is too high. The EC provides the central bank with another…

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors. 

CEMLA Governor’s Meeting, Washington,UntiedStates. 

The aim of this paper is to identify a set of early warning indicators that effectively discriminate between firms that are more prone to default on their financial obligations from those that are less prone to do so. To fulfill this objective, we use the Discriminant Analysis methodology. We find…

Place of birth: Bogotá, ColombiaProfession: Systems Engineer

     

   

 

  From Hyperination to Stable Prices: Argentina's Evidence on Menu Cost Models   Fecha: julio 07 de julio de 2011 Hora: 10:30 a.m. Lugar: Banco de la República, carrera 7 # 14-78, piso 13 (Sala de prensa)     Expositor:    Andy NeumeyerUniversidad Torcuato Di Tella…

Banco de la República is a unique public institution with administrative, patrimonial, and technical autonomy, responsible for performing central banking functions. According to the Political Constitution, the objective of monetary policy is to preserve the purchasing power of currency, in…

  The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.    

  The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la Republica or its Board of Directors.    

Single-sex classes within coeducational environments are likely to modify students' risktaking attitudes in economically important ways. To test this, we designed a controlled experiment using first year college students who made choices over real-stakes lotteries at two distinct dates. Students…

La información a continuación es una extracción de la Circular Reglamentaria Interna Asunto 3 DG-T 10 Políticas de Seguridad de la Información y Ciberseguridad .1.

In compliance with the personal data protection regulation (Law 1266 of 2008, Law 1581 of 2012, Decree 1074 of 2015, and other regulations that modify, complement, or replace them), BANCO DE LA REPÚBLICA (the Central Bank of Colombia), in its capacity as Data Controller, informs its policy and…

AbstractRural schools are usually behind in terms of learning, and part of this could be related to geographical isolation. We explore this hypothesis, assessing the effect of distance between rural schools and local governments on learning in Colombia. We use spatial discontinuous regression…

Fifth Summit Meeting of Central Banks on Inflation Targeting “Global Liquidity, Capital Flows and Policy Coordination” organized by Banco Central de ChileSession IV: Policy Responses to Exchange Rate Pressure Stemming from Capital Flows

La Global Money Week (GMW) es una celebración mundial que promueve esfuerzos destinados a mejorar la educación financiera de los niños, niñas y jóvenes en todo el mundo. El objetivo final es garantizar que este público objetivo tenga acceso a una educación económica y financiera de alta calidad,…

Global Money Week, scheduled to take place between March 22 and 28, will feature more than 100 activities, mostly virtual, organized by public, private and educational institutions.

The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors   ABSTRACT  

Conferencia de la Asociación de Economía de América Latina y el Caribe (LACEA)